The businessman that I chose to write about was Chuck
Blakeman. Chuck Blakeman has 5 businesses and two non-profit businesses that he
started from the ground up. Chuck Blakeman is an international business
motivational speaker that has been featured in CNNMoney, NYTimes and the
Entrepreneur Magazine. Chuck Blakeman has his own company named Crankset Group.
His company works with business owners to help them make money fast. I don’t believe that making fast money is
always the best way to make money. One of the theories that stuck out to me was
that Chuck Blakeman believes that having a business plan for your business is a
waste of time. He believes that the time you are spending writing the plan you
can be working the business. I totally disagree with his thought process. A
business plan is necessary to make sure that your business is on track and that
you have not forgot any key areas while planning and starting our business. I
believe that the people who do not have a business plan are setting their business
up for failure. Even after the business is up and running, you want to be able
to track the profitability and make changes along the way. Being a new business
owner this is key. I am not sure how successful Chuck Blakeman has been or how
many times he has failed, but as for me and those around me, we choose to have
a business plan that is precise and defined.
The next businessman I decided to write about was Steve
Blank. Steve Blank is from New York and is the founder of E.phipany. Steve
Blank is a professor and Berkley University. Steve is a firm believer of
writing a business plan but believes that you should also write a business
model down the line after that. Steve
Blank does not believe in people competing over business plans. He believes in business models because
business models are owner oriented and business plans are market oriented. I
can agree with this statement. I think
that the business plan or model should compensate the market and the owner. Both
areas are very important. You can have a great business plan/model, but if
there is no place in the market for you business then you are back at square
one.
Each investor has a different view as it relates to business
plans. The key is to do what is best for you and your company. I believe in
business plans and even business models, but there is a lot of other
information the owner need to acquire and have prior to doing either one of
them.
