Should You Start A Company

What are your next steps to your Point B? What is your W Cubed?

W3 – WHO? Is doing WHAT? WHEN?

Exactly WHAT are you going to do in order for you to find the investment dollars for you to fully implement your plan and achieve your vision?

Who will be the WHO that does all the work required to raise your funding?  WHEN are you going to really start?

Watch this short video on Finding Your Funding to protect yourself – both from charlatans and from inadvertently violating state and federal securities laws – and going to jail – or worse.

Wishing you stellar success with your start up company,

Robert Lee Goodman, MBA

Ceo & Chief ImpleMENTOR

www.RobertLeeGoodman.com <~~~ My Google Business Card

www.Virtual-Exec.com <~~~ My Executive Summary of Services

www.DeviledDetails.com <~~~ Connecting Your Four Big Dots To Get From Point A To Point B

www.ShouldYouStartACompany.com <~~~ My Business Blog

www.FiveYearLife.com <~~~ Make Sure Your Point B Is Right For Your Business And Personal Life

www.ConsultingCompanyUniversity.com <~~~ Start Your Consulting Company – The Right Way

www.FundingForeplay.com <~~~ What It Takes To Romance & Seduce Investors

www.CompoundKnowledge.com <~~~ What EXACTLY Is Your Special Ingredient?

www.BestOfElance.com <~~~ Short Video On My Business Planning Services

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One of my favorite proverbs is, “The only thing worse than going the wrong direction, is going the wrong direction enthusiastically!”

One thing about us entrepreneurs: we love doing things enthusiastically – especially when we are trying so hard to get from our current Point A to our desired Point B as quickly as possible.

The problem, of course, is that if we go charging off in the wrong direction, at some point we have to stop, turn around and retrace our steps back toward Point A and start all over again.

The upshot of starting over again is all the time, energy, effort and money that you just spent going down that dead-end trail is mostly wasted – the time spent going the wrong direction delays your successful implementation of your vision.

It also means that you need more money, more time, more effort than you would have otherwise needed if you had done a better job of planning and pick the right direction to begin with.

That’s really the purpose of The Four Big Dots that are covered in my Deviled Details Action Planning Service.  The Four Big Dots of Deviled Details are: your personal plan, your financial model, your action plan and your business plan.

Even if you just do a little bit of work on each of the Big 4 Dots…even if you only generate a couple of dozen action items…even if you only make sweeping approximations for your underlying business model assumptions, you’re probably going to be much better off because you’ve eliminated some of those wrong directions.

The more time you spend on all of those Deviled Details, the more wrong directions that get eliminated. The more wrong directions that get eliminated, the much more likely will be your success.

So, what’s it worth to you?

How many hours are you willing to invest in order to eliminate as many wrong directions as you possibly can? One? Five? Ten? Hundred?

How many hours, months or years are you going to waste, otherwise, cleaning up the mess from not doing it right the first time?

With The Deviled Details Action Planning Service, you will learn how all four Big Dots are interrelated for your own company – and how not doing even one of the Dots correctly can be a deal killer that will block your path to success.

Find out more by clicking Deviled Details Action Planning Service.

Robert Lee Goodman, MBA
Ceo & Chief ImpleMENTOR
www.Virtual-Exec.com

What dragons are stopping you from taking the next step with your start up or emerging company? Are you stuck at a fork in the road on your way to success with your vision?

While individually working with over 2,000 entrepreneurs and start up company CEOs, I’ve noticed that, in many cases, one or more of a particular half-dozen deadly dragons can often stop a company in its tracks.

Which ones are blocking your personal path for your start up company right now?

1. The Indecision Dragon – Closely related to the Overchoice Dragon, this brute keeps whispering “What if this and what if that…” which keeps you from making key decisions and making progress. Yogi Berra, the New York Yankee philosopher, said, “When you come to a fork in the road, take it.” What are the top dozen genuine pivot points for your company right this minute? What do you need to know today to make a decision on each – and cross each one off the list as completed? What do you finally need to know to get past that fork in the road? Remember: No decision IS a decision – one that can affect all future decisions, choices, direction and timetables. Don’t lose by default. (more…)

As an entrepreneur with your business plan in hand, what are the two top priorities you have on every day’s action list as you start up your start up company?

Starting and running a company can be overwhelming. Endless new action items seem to appear magically on your To Do List as you day develops – with all of them either whispering or screaming to be your top priority. And, when the day is done, it often seems that one or more of those unanticipated priorities won – and the most important action items you originally had on your list when you walked into your office this morning did not get done – again.

So, how is an entrepreneur to decide on their priorities – especially when there is so much that needs to be done? The answer is surprisingly easy. (more…)

This one mistake is so critical that it jeopardizes the immediate survivability of your start up company – even before you get started.

What is the second biggest mistake?

Many cost-sensitive entrepreneurs depend on number crunchers, bean counters and newly minted MBAs for their projections – just to save a few dollars.

New start up CEOs doom their new company by pinching pennies in the wrong place. Instead, what they need are pivotal insights from experienced consultants who can provide the guidance the entrepreneur needs for producing a realistic, genuinely implementable business plan.

Your business plan is not some academic document – instead, it is your crucial road map to successful implementation of your vision for your new company.

The most important part of any business plan is the detailed financial projections that are the basis for the entire business model of every new start up company. There are four sets of underlying assumptions that drive all the projections: (more…)

I’ve just added two new widgets here at my blog that will let you immediately download both a Sample Comprehensive Business Plan and a Reg D 506 Private Placement Memorandum (PPM) – for free. The PPM also includes a Prospective Investor Questionnaire and Investor Subscription Agreement.

These two free downloads are very basic, and are not the business plan or PPM that are included and analyzed in detail in Funding Foreplay – but they will show you the fundamental components of what you need for two of the twelve total documents you are required for successfully raising investment capital from venture capital and angel investors. Each document is about 40 pages long and can be immediately downloaded.

For a much more comprehensive business plan and PPM, including samples of all dozen necessary documents you will need, check out Funding Foreplay at www.FundingForeplay.com.

If you need help with financial projections and your business plan or business planning, check out my services and prices at www.ChiefDragonSlayer.com.

If you need personal, one on one coaching and mentoring, please check out my services at www.StartUpCompanyMentoring.com for details and pricing.

Wishing you STELLAR success with YOUR start up,

Robert Lee Goodman

This post will give you some idea of the very extensive range of start up industries in which I have consulted and provided business plans, business planning, consulting and mentoring.

One of the many great things about my profession is working with so many bright entrepreneurs and CEOs in so many interesting businesses – and providing them with pivotal help to accelerate the success of their vision. (more…)