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Friday, August 5, 2011

What the Experts say: Business Plans

Is there a right or wrong way to create a business plan? If so, who are the experts that can guide you through the way? Why is it important to have a business plan? There are many experts with knowledge of business plans. Two experts that have words of wisdom on business plan writing are Dave Lavinsky and Robert Kiyosaki. Dave Lavinsky has a MBA from the Anderson School of Management located at UCLA. Lavinsky attended the University of Virginia where he earned his bachelor’s degree.

Dave experience consists of professional management counsel, research experience, and market consulting. He is the co founder of Growthink and has managed over 150 clients while at Growthink. Growthink is a company that makes business plan and work the business plan to assist client in their business ventures. There are five key attributes of a winning Business plan: (1) The Right Over all Proposition, (2) The Right Marketing and Sale Strategy (3) The Right Business Model (4) Action Plan Built from Reverse Engineering Success and (5) the plan is communicated Brilliantly.

Robert Kiyosaki is an investor that was born in Hilo, Hawaii in 1947. Robert is also a business man, motivational speaker, and author. Robert is mostly known for this book Rich Dad Poor Dad. He has two other books Rich Dad’s cash flow Quadrant and Rich dad’s Guide to investing, which have been part of the top ten best seller list.

Robert feel that financial literacy, knowing how to invest, and understanding the market are all key to having an successful business plan. It is his opinion that most people do not know the difference between assets and liabilities. If you buy an item that takes money from your cash flow system and lead to expense then it is a liability. There are many ways to construct a plan, whether you are guided by a top ten selling author or a business plan building expert, it is vital to know the importance of your business plan.

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