When it came to business planning, I had an idea of what I
wanted to do but I did not know about the resources that I had to research. The possibilities always stayed in front of
my thought process of making my business plan but I did not realize the mistakes
that could or will happen. From the last
post, Cheryl Snapp Conner from Forbes stated that leader of a business need a
strategic perspective. I learned that if
I don’t have standby answers or resources in hand, my business would fail. In my business plan, I went into detail about
my customer will be obligated to do when we discuss the agreement before the
recording starts in the studio.
From the last post, Judy Robinett, from the Forbes website,
talked about moving forward after having failures. I learned that businesses change, and with
that, customers change their ways of acquiring what they need. It is important to stay consistent and up to
date with trends in my industry. In my
business plan, I had to update and add some features in the long-term
opportunity category. For instance, with
my company, it is best that if a type of music is popular, it is our job to be
creative and differentiate ourselves from the normal music. Carlos Slim from a Second and Park article
stated, “True corporate creativity can be helpful to both business and
society.” I learned that it is best to
accept change and to add something new to the change.
I want investors to look at my company’s strengths. Although we provide some of the same services
as my competition, we have a few differences that can bring in more
customers. I also think investors should
look at my technology category. Some of
the equipment that is needed to run a recording studio I already own. I would need funds to get some of the
outboard equipment that I don’t have so I can compete with the other recording
businesses.
