Experts Views on the Value of Business Plan

There are many qualities that we can appreciate about Steve Blank and Carlos Slim, both have been successful with their philosophy of doing business. If anything I can relate about Steve Blank's theory is working a business model instead of working a business plan. According to Blank, a business model focuses on being true to the customers instead to the market. This type of theory is a way of thinking in which I always believed as a clerk and customer service. For me the main focus of My Own Music is always to offer the fans the music they want to hear because they are what will make my business to be prosperous. If My Own Music focuses on always take the place of their customers and fans, we will always be at the forefront of the industry.

About Carlos Slim I think he is one of the most influential men in the world today. His enforceable speak for themselves for three years in a row he is being name the richest man in the world. In an interview, Mr. Slim offers several tips from his business perspective. One of the tips that Mr. Slim offers that really struck me was when he said you have to know how to work hard and use the right tools. My Own Music is an independent record label that needs to know how to work hard to maximize the tools that they have on hand because My Own Music do not have the same budget that have major record labels.

For me, the section of my business plan that is the most important is the finance section. The finance section is a section that all investors will want to look for when deciding whether to invest in the plan. So for me it is very important to structure a business plan with a finance section simple to understand for my investors in order to get what we want from them.