Just a few weeks back I had the wonderful opportunity to
research the works of business moguls Steven A. Gedeon, Ph.D., MBA. and Mexican
mobile tycoon Carlos Slim. In doing so I have discovered ways of approaching
and incorporating the ways of both Carlos Slim and Steven A. Gedeon into my own
business plan. Equipped with tact and knowledge of how to, most likely, create
a successful business. They each express how they have a set of questions that
are their guidelines in knowing whether this will be a successful venture or
not.
Most of all it was Carlos Slims’ detailed set of questions
that I have incorporated into my own business and is the same set of question
that during my development I can revert back to in an effort to ensure.
• “[What did you
initially think your initial business model was? (Initial business model
hypotheses)
• What did you build/do?
(Built first product, talked to users, etc.)
• What did you learn
outside the building? (Parts of our feature set/business model were wrong)
• Then what did you do?
(iterated product, changed business model, etc.)
Repeat steps 1-4.]”
Although I was most baffled about what I thought my initial
business model was, I shaped, molded and soon discovered just exactly what it
is I should be developing. Although I know that I have created something for
the world to see, I also know that t begins with a start: That start being the
investors that are going to invest in my company. I believe the most important
thing to the investor is not just what they will get back from the company but
what exactly my niche will be, as well as the projected financial report.
Anyone can develop a business plan but it takes detail to put it into position.
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