Scarface, Criticism and How to Write a Business Plan

Posted by David@OneLifeNoFear On March - 18 - 2010
It is always great when you can find an excuse to put a Scarface quote in a podcast and today we managed to do it… Actually I was being quite serious discussing a few comments that have been made on the blog in the last few weeks. Today I discuss facing criticism, leading by example and then give you some tips and ideas on how to write a business plan so you get funded.

We talk about some comments on recent posts ‘Entrepreneurs Lead By Example‘ and ‘Facing The Fear of Criticism.’ On the business plan section I talked about putting up a resource for you as an example business plan. I am just making sure that the information I use in it is OK to post (i.e that I have left no one’s details in there!), then I will post it for you. I talk about using ‘Business-in-a-Box‘ and ‘Business Plan Pro‘ both resources that I use regularly.



I will be doing more regular podcasts that answer some of the emails I get, as well as comments on the blog so if you want your site to be plugged on iTunes (we get thousands of downloads) then ask some questions in the comments section on our posts, get in touch with us on twitter (@OneLifeNoFear) or send us an email.

Regards
David
@OneLifeNoFear


My experience as an entrepreneur, from hotels to commodities, has been a learning experience in many ways. I pass on what I have learned through these experiences at OneLifeNoFear.com. The aim to to help people fulfill their true entrepreneurial potential.
David@OneLifeNoFear
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13 Responses to “Scarface, Criticism and How to Write a Business Plan”

  1. I have always believed that a short business plan is better than no business plan. And I believe that templates are very helpful when you’re considering writing a business plan. Based on my experience, very few entrepreneurs even get around to writing a business plan, so why not use a template if it makes the job easier? I also believe that for established businesses, a mini business plan can be better than the longer variety because the business owner is more likely to write a shorter version.

    • I guess it depends on the investors you are aiming your document at. If you are writing a plan to get investors/partners who know your industry then a short plan would suffice. I have also found that retail investors investors tire of long plans. However if you are looking for serious money, you need to be quite thorough.

  2. I love this stuff! Your articles are cool! Thanks

  3. Outsource says:

    I was trying to find a good scarface quote for this comment but most were “unsuitable” due to language :)

  4. WOW! those were some awesome tips on how to write a business plan!! I’ll sure use these tips in the future!!

  5. Jon says:

    Business is a winding road with many forks so if you are going to invest time and money on the business plan, always remember that sticking to it is dangerous should outside opportunities present themselves.

    Criticism is a good thing, it means people are starting take your business seriously.

    Jon @ WoodMarvels.com
    ps: Never knew that I shared a belief system similar to that of Scarface! hehehehe

    • David says:

      Thanks for your comment Scarface…..sorry… I mean Jon ;-) …. That is a great point – I think you inspired an article “Why you should not follow your business plan” !!!!!! -

  6. thanks for offering us to be featured in itunes :) any questions is accepted?

    • David says:

      Sure is…. as long as it’s not something like ‘What has the price of fish got to do with the Mongolian quarter horse’s hind leg” – which I am sure I will get similar from a bunch of spammers…. but anything sensible is cool…. and I will mention your URL on the podcast

  7. Podcasting is a good idea. This way you can easily answer all emails in less time. I am hearing to this one right now.

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About Me

My name is David, I am very happily married and have one step son. We moved to Switzerland 4 years ago as we love the country, it is a hub of entrepreneurship, the people are fabulous and the skiing is not bad either, and right now we are touring Asutralia.

This blog is about passing on some of the strategies I have learned in 20 years as an entrepreneur, from running a commodities operation producing $300mn per year of business to the challenges of owning a small hotel on a tiny Caribbean island and many businesses inbetween.

Others coaches are excellent at reading books and distilling the content for you, that is great if that is what you are looking for. I give you practical advice through my own successes and mistakes. I hope you find the blog useful.

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