Saturday, August 10, 2013

Business Plan Development: Writing Experts and Components


photo: Cleveland State CC.edu
Starting a business in the world of sports and entertainment can be a daunting task for many. Below are a few experts in the field of developing business plans and key components to the success of a business plan:

One professional who is an expert in the field of business plan development is Mr. Shyam Jha. Shyam Jha is a Principal Consultant at Cayenne Consulting. According to Caycon.com, Jha has over 30 years of experience to include a combination of writing business plans, financial education and more. While working at Nortel, Jha lead business development at Nortel's $5 billion Carrier Packet Solutions Business Unit. 

photo: Caycon.com
According to PR.com, Jha was Vice President at Corvis where he played a major part in its $1.1 billion IPO. The CEO and founder of Cayenne Consulting Akira Hirai stated, “Shyam’s strong background in hardware, networking, and telecommunications is a welcome addition to our team…”

photo: Sherry Darden.com
A second expert in the field of business plans is Ms. Sherry Darden of Wealthy Sistas. Known as “The Business Plan Lady” Darden has provided service for thousands with a mixture of business ventures to include personal training, coach, national speaker and more, according to Blog Talk Radio.com.  

Darden currently owns Hundredfold Return, Inc located in Dallas, Texas. Her company offers an array of business education to business across the country. According to Sherry Darden.com, she is a Small Business Development Specialist and a certified tax consultant trained by the IRS. Darden has 20+ years of tax experience.

The critical and key components that investors look for in a business plan varies. The components include things like the mission statement, market analysis of the company, a description of how your product or service differs from others, revenue projections and more, according to Forbes.com.

photo: Business Plan Mentor.com
These components are considered key for different reasons. The mission statement defines what the company is trying to create. A company’s market analysis defines the type of business you're in and the competitors of the business. A description of your product and how it differs from others describes the unique nature of your business and how it may thrive. The revenue projections of your company provide the financial make up of where you are and where you will be in the future.  

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