497: Create a Simple Strategy to Hit Goals and Make Important Decisions with Business Plan Answer Man David Brown

Dave Brown, The Business Plan Answer Man, is a leader in business planning. His message is designed to help entrepreneurs understand the need of a business plan and remove the fear and pain of writing the plan. An in-demand speaker and consultant who have helped many clients write their business plan to meet the requirements of lenders and operate their business. Sharing his 25+ years’ experience owning and operating a business he saves entrepreneurs time and money.

His first book, From the Bottom Up: The Ultimate Guide for Business Planning to Profitability is a step-by-step guide for writing a business plan in a no nonsense format. His second book, Journeys to Success: 21 empowering stories inspired by the success principles of Napoleon Hill released in March of 2016 became an international bestseller on its release. Both books have received stunning reviews from a wide range of leaders in the business, marketing and sales.

Quotes:                                                                                                                                   

“Your business plan is the blueprint to build that business. As you start each piece, begin with the foundation, then the floor, the walls, and the roof—think of it in that context.” – David Brown

“There are some things out there that make great hobbies, but they do not make a good business. There's no market for them, and you haven't done any research.” – David Brown

“If everybody is a customer, then really nobody is, because you can't focus on everybody.” – David Brown

Takeaways:

02:12 Break down business planning into small, manageable pieces to avoid feeling overwhelmed.

05:47 Focus on solving a specific problem for a tightly defined customer group rather than trying to serve everyone.

11:39 Use brainstorming techniques like writing everything down first, then narrowing your ideas to the most effective strategies.

14:17 Create a living business plan that involves your team and can be adjusted as you learn and grow.

17:32 Know your daily operational costs in simple, actionable terms that everyone on your team can understand.

21:27 Share your business expertise by giving back and helping others learn from your past experiences and mistakes.

Resources

Podcast: Play in new window | Download (Duration: 26:19 — 60.2MB) | Embed

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Filed in: Archive 2: 2017 • Business • Interview • Podcast

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