Business Plan Key Components For Investors

Carl Schramm is the former President and CEO of the Ewing Marion Kauffman Foundation. The vision of the Ewing Marion Kauffman Foundation is to foster "a society of economically independent individuals who are engaged citizens, contributing to the improvement of their communities." Mr. Schramm has a PhD in Economics from the University of Wisconsin and spent fifteen years teaching health policy and management at Johns Hopkins University. After leaving the Kauffman Foundation Mr. Schramm began teaching a class in entrepreneurship at Syracuse University.

Chuck Blakeman owns the Cranket Group, which is based out of Colorado. Mr. Blakeman’s company works with developing their businesses to make more money in less time and help them get back the passion when they first started their business. He has been featured in Entrepreneur Magazine, CNNMoney.com and The New York Times to name a few.

As Mr. Schramm states, “As soon as the plan is done, it is out of date” (Schramm, 2012). This is an important aspect to remember because in this day and age since technology is always changing and these days technology plays a major role in developing a business. Young entrepreneurs should spend more time creating the business and not worrying about writing what the business will be about. You have to remember that you are the face of the business to investors and they are investing in you as much as they are your business.

However, entrepreneurs need to be ready for the future and that is where a business plan comes in. Blakeman says, “But the flaw with that is the future cannot be foretold. Since the future is unknown implement now, perfect as you go” (Blakeman, 2011). Young business owners need to be ready for whatever can happen with their business and know they are capable of overcoming any obstacle. In the end the entrepreneur need to look out for their investors a little more than themselves. 

. (undefined). Wikiepedia . In Wikipedia.com. Retrieved Jan 9, 2013, from http://en.wikipedia.org/wiki/Carl_Schramm.

Blakeman, C. (2012). How: the worst, most asked planning question.Retrieved from http://chuckblakeman.com/2012/8/texts/how-the-worst-most-asked-planning-question

Blakeman, C. (undefined). Chuck Blakeman. In ChuckBlakeman.com. Retrieved Jan 9, 2013, from http://chuckblakeman.com/.

Schramm, C. Straight Talk on Business (2012) retrieved 8/5/12 fromhttp://steinvox.com/2012/04/17/carl-schramm-straight-talk-on-entrepreneurship-why-we-need-it/