⑧ There are
four keys to good venture planning:
1. Focus on one
venture at a time in one business area at a time.
Discover the opportunity first, and then evaluate
how to exploit it.
three cases good, bad & likely for each scenario of a venture
what type of venture you want. Each type has an entirely different
model, implementation and end result. Each demands a different
entrepreneurial approach and each requires different management and
style. Do you want:
● a Lifestyle Business with $1 million in annual
sales, 1-4 employees and a solo operation?
● a Smaller
High Profit Business with $1-$20 million in sales, 5 - 50
employees, where partners are required?, or
● a High Growth Business with $20-50 million or more
in sales with more than 50 employees, that requires
venture capital, investment banks and a public company?