วันศุกร์ที่ 29 สิงหาคม พ.ศ. 2551

Six Important Pages in Your Business Plan

Complied and edited from Richard Stutely, the Definitive Business Plan, 2002

When you have finished writing business plan, you have to review your business plan from the perspective of the readers.

Investors or Bankers--They may focus financial analysis such as breakeven analysis, sales projections, capital spending, opearting costs, profit and loss account, balance sheet, cash flow and funding requirements.

Execitives or Business people--They may ask about objectives, business strategy, opearing plan, risk analysis such as SWOT, liming factors, CSF, alternative scenarios, specific risks and solutions.

There are six key pages in your business plan that you have to check in order to make sure that your plan is a good business plan.

1. Organization Chart--Who are you?
2. Bright Idea--What you want to do?
3. Strategy--How will you do it?
4. Beakeven--Where do you breakeven?
5. Cumulative cash flow projection--How is your cash flow?
6. Projected return on equity or investment--What is in it for me? risks and rewards

วันเสาร์ที่ 23 สิงหาคม พ.ศ. 2551

The Effective Executive

Excerpted and Adapted from "The Effective Executive in Action: A journal for Getting the Right Things Done" by Peter F. Drucker and Joseph A. Maciariello, 2006


Most organisations fail to translate strategy into action. Although these organisations have good mission and vision, strategic plans, business plans, operational plans, and knowledgeable executives, they can not implement strategy and reach their vision. The major reason is executives can not get the right things done or they are not effective executives.

There are five practices or skills to acquire to be effective person. These five are
1. Managing your time;
2. Focusing your efforts on making contributions;
3. Making your strenghts productive;
4. Concentrating your efforts on those tasks that are most important to contributions; and
5. Making effective decisions.