Download Citation on ResearchGate | How to write a great business plan William Sahlman suggests that a great business plan is one that focuses on a series. Citation: Sahlman, William A. “How to Write a Great Business Plan.” Art. Harvard Business Review 75, no. 1 (January–February ). by William A. Sahlman, excerpted from “How to Write a Great Business Plan” by William A. Sahlman in the Harvard Business Review, July-August
|Published (Last):||3 February 2006|
|PDF File Size:||4.80 Mb|
|ePub File Size:||11.99 Mb|
|Price:||Free* [*Free Regsitration Required]|
Cite View Details Related.
How to write a great business plan. – PubMed – NCBI
Do they have the mettle to make the inevitable sahlmam choices that have to be made? But one that asks the right questions is a powerful tool.
Jan 16, Soorya Narayan rated hw really liked it. How realistic are they about the venture’s chances for success and the tribulations it will face? It touches on the most essential objectives and elements needed for an effective plan, without going into too many details.
Charles rated it liked it Oct 14, Didn’t get the message? These questions relate to the four factors critical to the success of every new venture: Open Preview See a Problem? Ramana NandaWilliam A. In fact, often the more elaborately crafted a business plan, the more likely the venture is to flop. ubsiness
How to write a great business plan.
How much does it cost to support a customer? As for opportunity, the plan should focus on two questions: Is the market wrife the venture’s product or service large or rapidly growing or preferably both? To what degree is the product or service a compelling purchase for the customer? Jul 07, Serena Yates rated it really liked it Shelves: Nevertheless, most business plans pour far too much ink on the numbers – and far too little on the information that really matters.
Whom do they know? Zahra rated it liked it Nov 22, Who else needs to be on the team? Finally, the plan should look unflinchingly at the risks the new venture faces, giving would-be backers a realistic idea of what magnitude of reward they can expect and when they can expect it.
Then, in addition to demonstrating an understanding of the context in which their venture will operate, entrepreneurs should make clear how they will respond when that context inevitably changes.
Enjoyable and very useful.
As for opportunity, the plan should focus on two questions: Apr 05, Grant De rated it really liked it. Every seasoned investor knows that detailed financial projections for a new company are an act of imagination.
How to Write a Great Business Plan – HBS Working Knowledge – Harvard Business School
Jesus Galindo rated it liked it Aug 01, Business and Environment Business History Entrepreneurship. A great business plan is not easy to compose, Sahlman acknowledges, largely because most entrepreneurs are wild-eyed optimists. About the Author William A.
These questions relate to the four factors critical to the success of every new venture: Terry rated it liked it Feb 16, How easy is it to retain a customer? Todd rated it liked it Jan 06, greeat Finance Globalization Health Care. Basically, I read this book as a refresher dipping in and out over the last two months or soto remind myself of the key points that are important when attempting to develop a plan for a new b Writing a business plan was not something I expected to have to do again after leaving the business world behind 8 years ago to become an author, but life had other plans Where have they been educated?
Judy Zhang rated it it was amazing Oct 07, Sahlmam are no discussion topics on this book yet. But one that asks the right questions is a powerful tool. Where are the founders from? Thanks for telling us about the problem. It is a snapshot of the dos and don’ts when writing a business plan. Refresh and try again.