What appeals to me about Entrepeneurship

There are several characteristics that appeal to me about entrepeneurs. Some are: ability to make decisions and act upon them, making short and long-range plans, looking out for new opportunties, following through on ideas/plans/projects, and talking with people about your business are some that I think are great qualities. I know some entrepreneurs who have worked very hard, put in long hours and were very committed to their business and have seen success. They are few in numbers and this goes along the stats of how many new businesses succeed ~ 80% of businesses fail.

We have seen, too, that being an entrepreneur takes a lot of hard work and committement and on the downside of that is not making money for several years.

Business Plan

The class blog was to talk about business plans and experiences. Well, I've been working on a preliminary version of a business plan for a few months. Needless to say, everyone around me heard me talking about the business plan.

Writing a business plan is almost all consuming, takes much effort and collaboration to put together, but well worth the effort.

I found that most people don't realize what goes into a business plan and because of that, are not too interested. When I got indepth into what I was doing and the intended results of the business plan, this is the point my audience became more interested.

I have yet to develop a marketing plan and a more indepth financial forecast. This should interesting as well. For now, I need a rest from the business plan.