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Translate Ideation to Business Plan

Translate Ideation to Business Plan


Okay. We’ve talk a good bit already about ideation,
the concept of opportunity, solving someone’s problem or alleviating the heard or addressing
a need or want. So, this is the essence of what we do as entrepreneur. So, how do you translate that and what is
the role of the business model or the business plan. Well the business model or business plan they’re
simply fixed forms that you’re trying to organized your efforts together. Where in some cases they’re just moralizing
what you’ve already done and where you intend to go for the purpose of getting outside investment
or getting along because you have to translate everything that’s in your head to outside
or third party. Generally if you’re going to use the business
plan or the business model as a guiding tool that helps you in the growth, in the development
or facilitation of your business. You need to in some way encapsulate what you’ve
come up with when you’ve been ideating and put it in that documents. So, that it helps in someway to continue to
allow you to ideate or develop further some thought – your thought process, your product,
your idea, your concept that your trying to develop further. So, with that in mind think about the business
plan or business model is this that is in someway organizing in a usable fashion for
you your ideation process. It should contain your mission, your objectives
that the value proposition that you have that you intend to solve for the end customer by
what is there value proposition? Who are they? And why do they have that value proposition? That may not be apparent to everyone. Okay? So, the method you’re going to go about
in providing that value proposition. Okay? There is in business models are great versus
business plan, business models or more concise and they help you see the moving parts. Where the business plans tends to get log
in his heart to keep the parts interconnected. Well unfortunately in many situations you
need the business plan especially in lender when you’re seeking outside death to finance
the business. They need to see all the moving pieces, it’s
a necessary evil in that way. But don’t correctly it will keep you thinking
about the different aspects, the value proposition. How you go about meeting that proposition? Is there a sub value proposition? Or is there some way of doing it that you
meet multiple value proposition. Is there some way to streamline those operations,
etcetera? So, again what you’re trying to do is translate
that in to a form of plan that can again memorialize. But also help you continue to ideate and further
develop your idea concept proposition. http://TheBusinessProfessor.com

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