Post University Business Planning & Great Business Idea Discussion
Question Description
Discuss with your classmates the top 3 most important steps in developing a business plan. Explain why each of these are important and the consequences if each step is not thoroughly completed. (300 words)
For the last forty years or so Michael Porter has been one of the foremost authorities and thought leaders on business strategy. In this brief video he presents some fundamental views on the topic.
Watch VideoMichael Porter – What Strategy is?
Duration: 1:47
User: gergiusz – Added: 9/16/10
This video gives a more in depth view of the ideas of strategy vs. tactics.
Watch VideoBusiness Strategy & Tactics
Duration: 4:50
User: tutor2u – Added: 5/31/16
This informative talk gives an idea of what happens when a strategy is not a plan.
Watch VideoOur approach to innovation is dead wrong | Diana Kander | TEDxKC
Duration: 9:49
User: TEDx Talks – Added: 8/27/14
Resources on Finance Options
The Small Business Administration offers a guide to basic financing options.
- Fund your business. (n.d.). U.S. Small Business Administration.
This video offers an excellent description of nine differing financing options available small business, especially in the start-up stage.
Watch Video9 Startup Funding Options – Business Loans + More
Duration: 6:43
User: FitSmallBusiness – Added: 12/16/16
Resources on Business Location
Both of these websites provide comprehensive information on the importance and components of the business location decision.
- Oppong, T. (2018, Mar 15). The importance of location in business. Content Intelligence Media, LLC
- 10 factors to consider when choosing a business location. (n.d.). Profitable Venture Magazine Ltd.
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