Your New Business: Plan to Succeed
If you are starting a new business you definitely want to plan to succeed. Our guest is an expert on writing a plan that help you do just that.
Good News and Bad News About Starting a Business
If you are starting a new business you need to know the good news and bad news. The good news is that a recent report from the Global Entrepreneurship Monitor (GEM) finds that 27 million working-age Americans—nearly 14 percent—are starting or running new businesses. The bad news is that nearly 50 percent of new businesses fail within five years.
The first five years are the make or break years and there are many reasons why a business fails. For example, a product that the market didn’t need or want, insufficient funding, or bad location. How can this happen and what do you need to do to avoid the pitfalls and start a business that will become profitable? What kind of planning is essential and how do you go about doing it? Hal Shelton says “A well thought-out business plan can dramatically turn the odds in your favor.” We’re going to hear more about how to plan for success from Hal Shelton on this show. Every entrepreneur needs to hear what he has to say. So—tune in.
About Hal Shelton
Hal Shelton is a seasoned executive with corporations, nonprofits, and investment organizations. He
was CFO of a NYSE listed alternative energy company, held senior financial management positions with an oil & gas company and was on the board of directors of a NASDAQ listed technology company. For nonprofits, Hal is a board member and mentor for the SCORE Association–a volunteer organization that provides education and training to small businesses.
Hal helps small businesses take advantage of new business opportunities, develop business plans, and find and qualify for financing. He is a principal at Blu Venture Investors; an active angel investing group supporting early-stage entrepreneurs. Hal serves on the board of directors for three of these companies. Hal holds a BS from Carnegie Mellon University, an MBA from the University of Chicago. He will talk about how to:
• Discover why you need a business plan and the best style for you
• Receive step-by-step guidance for creating each section of your plan
• Write your plan as you go using worksheets in every chapter
• Get proven strategies for obtaining bank loans and attracting investors
• Spend less time writing your plan and more time setting up your business
On the Internet
To order “The Secrets to Writing a Successful Business Plan”