A great article in the Wall Street Journal blog, “Can You Open a Restaurant with No Money?“. Some of the points can be used for starting any business. When you get to the part that says, “Craft a well-written business plan that clearly explains your innovative concept while also communicating your passion, abilities and work ethic. Define your target market, your competition, your marketing strategy – and of course, your start-up costs.” — read it twice, read it again, and remember that this is important whether you have no money or lots of it. Don’t get scared about the ‘well-written’ part — this is not an English Composition assignment, it is communicating that your business plan is clear to you and that you can communicate it to others, whether funders or your customers.
… it’s probably here somewhere
Daryl Phillips, CEcD, EDFP
I work as an economic developer consulting with communities and companies developing locations, building communities and identifying and developing workforce. However, my opinions on this blog are free and my own, as is the blog itself.
I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers.
I have earned over 20 years experience in economic and workforce development. I have earned and maintain the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council. I have earned a Master of Business Administration from Tennessee Technological University.
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