Business Plans

In order to be successful at starting up and running a business, you need to have a clear understanding of your business - both strengths and weaknesses. You also need to have a clear mission and goals as well as measureable objectives. Acquiring this understanding calls for developing and documenting a business plan. And to do this, you need to collect information about the business environment, your products and the marketplace you are targeting.

In today's economic environment, the survival and prosperity of your business venture hinges on your familiarity with the impact of technology on your marketplace and a thorough knowledge of your competition. Your success depends on your ability to identify those niches where you can be successful and the resources that you need.

You can find a recommended business plan outline here. The most important element is actually one of the last and should be performed immediately - the financial analysis. This will tell you whether your business idea is financially viable and whether it will be profitable in a suitable timeframe. You also need to understand how much startup capital (money) you'll need to get the business up and to keep it running until such time as you think it will become profitable.

 

One-Time Start-Up Costs

1.   Legal Fees   $
2.   Licenses and Permits   $
3.   Prepaid Rent   $
4.   Deposits (Public Utilities, etc.)   $
5.   Remodeling Work   $
6.   Furniture and Fixtures   $
7.   Letterhead, Cards, Logo, Brochures   $
8.   Advertising (Signage, Grand Opening, etc.)   $
9.   Computers, Web Site, Software   $
10.   Insurance   $
11.   Accounting Fees   $
12.   Management Consultants   $
13.   Cash   $
14.   Other   $

__________

Startup Subtotal

$

Monthly Expenses

 

15.   Salary - owner (amount you need to live)   $
16.   Other salaries and wages   $
17.   Lease   $
18.   Utilities   $
19.   Telephone   $
20.   Advertising   $
21.

Marketing

$
22.

Entertainment and Travel

$
23.

Insurance

$
24.

Taxes, including Social Security

$
25.

Internet and Web Site Hosting

$
26.

Repairs and Maintenance

$
27.

Legal and other professional fees

$
28.

Miscellaneous

$

__________

Subtotal

$

Calculate total start-up funds

29.

Estimated # of months to become profitable

  

Monthly expense total for those months

$

Your one time start-up expense

$

__________

Total start-up costs

$

Business Plans Videos

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e-Dev interviews: Gary Doucet on Enterprise Architecture
by rss@youtube.com (eDevTG)
22 Jul 2008 at 8:19am

As the Chief Architect for the Government of Canada, Gary is responsible for advancing EA within the Federal Government. In this capacity, he strives to achieve 'Coherent Government by Design', an idea that extends the use of EA from aligning business and IT to a broader mandate of aligning the whole enterprise. To this end, Gary and his team are actively developing tools and techniques to bring alignment to everything from business plans to technical solutions. He is the vice-president of the Association of Enterprise Architects(see more about the relevant seminar at: http://go.worldbank.org/BO7T7221X0). For more information, or to join our community of practice, visit the e-Development Thematic Group website at www.worldbank.org/edevelopment or contact Oleg Petrov, the e-TG Coordinator, at opetrov@worldbank.org, or edevelopment@worldbank.org

Author: eDevTG
Keywords: e-Government Enterprise Architecture eGov Canada ICT
Added: July 22, 2008



Interactive Quiz
by rss@youtube.com (whatasite)
22 Jul 2008 at 4:17am

This video has been created in response to a request by Amazon.com for eLearning Creation Services. The first video is an example of an interactive animation. During this animation you both learn new concepts and get evaluated on your understanding of new concepts. Depending on your answer you will be directed to different responses from the interactive animation. 2D Animation - This is an example of how animation is better for instruction rather than non-animated graphics. Screen Recording - This is an example of screen recording; including background music, virtual instructor and quizzing system. by Kevin Brake http://www.eLearningShow.com Youtube Channel: http://www.youtube.com/businessplans

Author: whatasite
Keywords: Interactive Quiz
Added: July 22, 2008



Space Lifestyle Magazine - Rocket Racing League Press Confer
by rss@youtube.com (spacelifestyle)
19 Jul 2008 at 6:36pm

Granger Whitelaw CEO of the Rocket Racing League speaks to the press about the RRL and his business plans in taking the company forward. A test video is shown. --- Wanna win a ZERO-G flight? Fill out the form linked to our homepage at ( http://www.spacelifestylemag.com/ ) and you may win a ticket for a ZERO-G flight or prizes from SmoothLounge.com. Be sure to check out the digital edition on our homepage for more things space related.

Author: spacelifestyle
Keywords: space lifestyle magazine exploration tourism spaceflight rocket aerospace racing league online digital edition
Added: July 19, 2008



HOT Business Tips and million to come (FREE Training at XoneSuccess.com)
by rss@youtube.com (agarcia1198)
17 Jul 2008 at 4:10pm

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Author: agarcia1198
Keywords: Robert kiyosaki best business cat hot tips
Added: July 17, 2008



Growing Business Award Winner Announced, Royal Norfolk Show
by rss@youtube.com (earthlyideas)
10 Jul 2008 at 3:33pm

http://www.ruraladvice.co.uk Growing Business Award This award has been designed to provide the support and guidance for the development of new businesses or a step change in existing businesses. Through the provision of training, support and mentoring the applicants will be guided to create a robust business case which will be judged and the winning proposal will secure the financial and business support they need to get the business moving forward. The Competition Cycle The application process will follow a set format each year. This format is designed to fit both with the farming and business commitments of the applicants and provide the time and skills to develop the business case. Expression of interest: During August of each year applicants for the competition will arrange a meeting with Michael Mack to discuss their ideas and the rules of the competition. This will lead to the identification of a range of training activities and support each contestant will need. Support Programme Created: Based on the information gained from the individual meetings a full programme of meetings, training and mentored activity will be set up. This will include sessions on business planning, financial modelling, risk management, market research and marketing. This will also include the selection of appropriate mentors for the contestants. The mentors will be drawn from the local business community and act as a sounding board for the applicant. Delivery of Support Programme: Between October and May the support programme will be delivered. Project Presentations: Each applicant will present their proposed business to the existing Growing Programme members and the panel of judges. The judges will then interview each applicant. This will take place in early June. Submission of Business Plan: A final draft business plan will be submitted at the presentation. There will be one week after the presentation for final changes to the business plan before it is finally submitted to the judges. Judgment: The judges will have two weeks to review the business plans and award the prize. This will be awarded at the Royal Norfolk Show. The Prize The prize is to be made up of two distinct elements. Financial contribution to the business of £5,000, which has been donated by: The Clan Trust Norfolk Farmers Trust Philip and Elizabeth Rackham Charitable trust Royal Norfolk Agricultural Association Anglia Farmers Ltd Business Support: The support will include a range of professional services including accountancy, marketing, banking and web development. This will ensure that the business has the best possible starting with all the relevant guidance they need to ensure the business is set up as strongly as possible. It is hoped that through the support and guidance given in developing the business plan some of the other applicants who do not win the prize do move forward and set up their proposed businesses. The Judges The competition will be judged by a panel of experts who will all focus on different skill area.

Author: earthlyideas
Keywords: rural advice norfolk farming growing business award
Added: July 10, 2008



Growing Business Award David Ottley
by rss@youtube.com (earthlyideas)
10 Jul 2008 at 3:15pm

http://www.ruraladvice.co.uk Growing Business Award This award has been designed to provide the support and guidance for the development of new businesses or a step change in existing businesses. Through the provision of training, support and mentoring the applicants will be guided to create a robust business case which will be judged and the winning proposal will secure the financial and business support they need to get the business moving forward. The Competition Cycle The application process will follow a set format each year. This format is designed to fit both with the farming and business commitments of the applicants and provide the time and skills to develop the business case. Expression of interest: During August of each year applicants for the competition will arrange a meeting with Michael Mack to discuss their ideas and the rules of the competition. This will lead to the identification of a range of training activities and support each contestant will need. Support Programme Created: Based on the information gained from the individual meetings a full programme of meetings, training and mentored activity will be set up. This will include sessions on business planning, financial modelling, risk management, market research and marketing. This will also include the selection of appropriate mentors for the contestants. The mentors will be drawn from the local business community and act as a sounding board for the applicant. Delivery of Support Programme: Between October and May the support programme will be delivered. Project Presentations: Each applicant will present their proposed business to the existing Growing Programme members and the panel of judges. The judges will then interview each applicant. This will take place in early June. Submission of Business Plan: A final draft business plan will be submitted at the presentation. There will be one week after the presentation for final changes to the business plan before it is finally submitted to the judges. Judgment: The judges will have two weeks to review the business plans and award the prize. This will be awarded at the Royal Norfolk Show. The Prize The prize is to be made up of two distinct elements. Financial contribution to the business of £5,000, which has been donated by: The Clan Trust Norfolk Farmers Trust Philip and Elizabeth Rackham Charitable trust Royal Norfolk Agricultural Association Anglia Farmers Ltd Business Support: The support will include a range of professional services including accountancy, marketing, banking and web development. This will ensure that the business has the best possible starting with all the relevant guidance they need to ensure the business is set up as strongly as possible. It is hoped that through the support and guidance given in developing the business plan some of the other applicants who do not win the prize do move forward and set up their proposed businesses. The Judges The competition will be judged by a panel of experts who will all focus on different skill area.

Author: earthlyideas
Keywords: rural advice norfolk farming growing business award
Added: July 10, 2008



Growing Business Award Rebecca Davis
by rss@youtube.com (earthlyideas)
10 Jul 2008 at 12:45pm

http://www.ruraladvice.co.uk Growing Business Award This award has been designed to provide the support and guidance for the development of new businesses or a step change in existing businesses. Through the provision of training, support and mentoring the applicants will be guided to create a robust business case which will be judged and the winning proposal will secure the financial and business support they need to get the business moving forward. The Competition Cycle The application process will follow a set format each year. This format is designed to fit both with the farming and business commitments of the applicants and provide the time and skills to develop the business case. Expression of interest: During August of each year applicants for the competition will arrange a meeting with Michael Mack to discuss their ideas and the rules of the competition. This will lead to the identification of a range of training activities and support each contestant will need. Support Programme Created: Based on the information gained from the individual meetings a full programme of meetings, training and mentored activity will be set up. This will include sessions on business planning, financial modelling, risk management, market research and marketing. This will also include the selection of appropriate mentors for the contestants. The mentors will be drawn from the local business community and act as a sounding board for the applicant. Delivery of Support Programme: Between October and May the support programme will be delivered. Project Presentations: Each applicant will present their proposed business to the existing Growing Programme members and the panel of judges. The judges will then interview each applicant. This will take place in early June. Submission of Business Plan: A final draft business plan will be submitted at the presentation. There will be one week after the presentation for final changes to the business plan before it is finally submitted to the judges. Judgment: The judges will have two weeks to review the business plans and award the prize. This will be awarded at the Royal Norfolk Show. The Prize The prize is to be made up of two distinct elements. Financial contribution to the business of £5,000, which has been donated by: The Clan Trust Norfolk Farmers Trust Philip and Elizabeth Rackham Charitable trust Royal Norfolk Agricultural Association Anglia Farmers Ltd Business Support: The support will include a range of professional services including accountancy, marketing, banking and web development. This will ensure that the business has the best possible starting with all the relevant guidance they need to ensure the business is set up as strongly as possible. It is hoped that through the support and guidance given in developing the business plan some of the other applicants who do not win the prize do move forward and set up their proposed businesses. The Judges The competition will be judged by a panel of experts who will all focus on different skill area.

Author: earthlyideas
Keywords: rural advice norfolk farming growing business award
Added: July 10, 2008



Growing Business Award Helen Reeve and Will Patrick
by rss@youtube.com (earthlyideas)
10 Jul 2008 at 12:19pm

http://www.ruraladvice.co.uk Growing Business Award This award has been designed to provide the support and guidance for the development of new businesses or a step change in existing businesses. Through the provision of training, support and mentoring the applicants will be guided to create a robust business case which will be judged and the winning proposal will secure the financial and business support they need to get the business moving forward. The Competition Cycle The application process will follow a set format each year. This format is designed to fit both with the farming and business commitments of the applicants and provide the time and skills to develop the business case. Expression of interest: During August of each year applicants for the competition will arrange a meeting with Michael Mack to discuss their ideas and the rules of the competition. This will lead to the identification of a range of training activities and support each contestant will need. Support Programme Created: Based on the information gained from the individual meetings a full programme of meetings, training and mentored activity will be set up. This will include sessions on business planning, financial modelling, risk management, market research and marketing. This will also include the selection of appropriate mentors for the contestants. The mentors will be drawn from the local business community and act as a sounding board for the applicant. Delivery of Support Programme: Between October and May the support programme will be delivered. Project Presentations: Each applicant will present their proposed business to the existing Growing Programme members and the panel of judges. The judges will then interview each applicant. This will take place in early June. Submission of Business Plan: A final draft business plan will be submitted at the presentation. There will be one week after the presentation for final changes to the business plan before it is finally submitted to the judges. Judgment: The judges will have two weeks to review the business plans and award the prize. This will be awarded at the Royal Norfolk Show. The Prize The prize is to be made up of two distinct elements. Financial contribution to the business of £5,000, which has been donated by: The Clan Trust Norfolk Farmers Trust Philip and Elizabeth Rackham Charitable trust Royal Norfolk Agricultural Association Anglia Farmers Ltd Business Support: The support will include a range of professional services including accountancy, marketing, banking and web development. This will ensure that the business has the best possible starting with all the relevant guidance they need to ensure the business is set up as strongly as possible. It is hoped that through the support and guidance given in developing the business plan some of the other applicants who do not win the prize do move forward and set up their proposed businesses. The Judges The competition will be judged by a panel of experts who will all focus on different skill area.

Author: earthlyideas
Keywords: growing business award rural advice norfolk farming
Added: July 10, 2008



Growing Business Award Dameon Layt
by rss@youtube.com (earthlyideas)
10 Jul 2008 at 11:49am

http://www.ruraladvice.co.uk Growing Business Award This award has been designed to provide the support and guidance for the development of new businesses or a step change in existing businesses. Through the provision of training, support and mentoring the applicants will be guided to create a robust business case which will be judged and the winning proposal will secure the financial and business support they need to get the business moving forward. The Competition Cycle The application process will follow a set format each year. This format is designed to fit both with the farming and business commitments of the applicants and provide the time and skills to develop the business case. Expression of interest: During August of each year applicants for the competition will arrange a meeting with Michael Mack to discuss their ideas and the rules of the competition. This will lead to the identification of a range of training activities and support each contestant will need. Support Programme Created: Based on the information gained from the individual meetings a full programme of meetings, training and mentored activity will be set up. This will include sessions on business planning, financial modelling, risk management, market research and marketing. This will also include the selection of appropriate mentors for the contestants. The mentors will be drawn from the local business community and act as a sounding board for the applicant. Delivery of Support Programme: Between October and May the support programme will be delivered. Project Presentations: Each applicant will present their proposed business to the existing Growing Programme members and the panel of judges. The judges will then interview each applicant. This will take place in early June. Submission of Business Plan: A final draft business plan will be submitted at the presentation. There will be one week after the presentation for final changes to the business plan before it is finally submitted to the judges. Judgment: The judges will have two weeks to review the business plans and award the prize. This will be awarded at the Royal Norfolk Show. The Prize The prize is to be made up of two distinct elements. Financial contribution to the business of £5,000, which has been donated by: The Clan Trust Norfolk Farmers Trust Philip and Elizabeth Rackham Charitable trust Royal Norfolk Agricultural Association Anglia Farmers Ltd Business Support: The support will include a range of professional services including accountancy, marketing, banking and web development. This will ensure that the business has the best possible starting with all the relevant guidance they need to ensure the business is set up as strongly as possible. It is hoped that through the support and guidance given in developing the business plan some of the other applicants who do not win the prize do move forward and set up their proposed businesses. The Judges The competition will be judged by a panel of experts who will all focus on different skill area.

Author: earthlyideas
Keywords: rural advice norfolk farming growing business award
Added: July 10, 2008



Oracle Innovation: Students @ Venture Capital
by rss@youtube.com (ivaciu)
10 Jul 2008 at 8:13am

Sergio GIACOLETTO, Executive Vice President, Oracle EMEA Bucharest, July 9, 2008 "Oracle Innovation programme intends to bring together universities, venture capitalists, the Junior Achievement, the Young Enterprise Association and to put in place a formal process to help students to formulate ideas in a way that they can become business plans. We can help to train them and then we can help them to find the money," said Sergio GIACOLETTO. He added that Oracle is now the largest employer of ICT skill in Romania, employing 1300 people in areas like technical support, consulting, product support and product development in the Oracle Center in Bucharest, opened in 2004. The Innovation program is the next phase of investments by Oracle in Romania. "The initial wave of foreign investment in CEE countries has created, of course, jobs, but it has not necessarily helped to create local entrepreneurs and to create local companies which are needed on the long term for the success of the country. In the long term, low cost is not a sustainable competitive advantage. It is important to create more value added and to have a right balance of foreign direct investment and locally created investment." Oracle Corp. had USD22bn revenue with a 28% yoy growth in the financial year ended May 2008. The company is reinvesting about 12% of its revenues in R&D, USD2.6bn, in areas like technology infrastructure, databases and security. Besides internal innovation through its own R&D, Oracle created external channels of innovation through partnerships with companies in 149 countries. The "Innovation" initiative launched in Romania on July 9 is part of this dual innovation strategy of Oracle.

Author: ivaciu
Keywords: Oracle Silicon Valley Ireland low cost jobs vs entrepreneurs capital de risc
Added: July 10, 2008



Growing Business Award Introduction
by rss@youtube.com (earthlyideas)
10 Jul 2008 at 6:19am

http://www.ruraladvice.co.uk This award has been designed to provide the support and guidance for the development of new businesses or a step change in existing businesses. Through the provision of training, support and mentoring the applicants will be guided to create a robust business case which will be judged and the winning proposal will secure the financial and business support they need to get the business moving forward. The Competition Cycle The application process will follow a set format each year. This format is designed to fit both with the farming and business commitments of the applicants and provide the time and skills to develop the business case. Expression of interest: During August of each year applicants for the competition will arrange a meeting with Michael Mack to discuss their ideas and the rules of the competition. This will lead to the identification of a range of training activities and support each contestant will need. Support Programme Created: Based on the information gained from the individual meetings a full programme of meetings, training and mentored activity will be set up. This will include sessions on business planning, financial modelling, risk management, market research and marketing. This will also include the selection of appropriate mentors for the contestants. The mentors will be drawn from the local business community and act as a sounding board for the applicant. Delivery of Support Programme: Between October and May the support programme will be delivered. Project Presentations: Each applicant will present their proposed business to the existing Growing Programme members and the panel of judges. The judges will then interview each applicant. This will take place in early June. Submission of Business Plan: A final draft business plan will be submitted at the presentation. There will be one week after the presentation for final changes to the business plan before it is finally submitted to the judges. Judgment: The judges will have two weeks to review the business plans and award the prize. This will be awarded at the Royal Norfolk Show. The Prize The prize is to be made up of two distinct elements. Financial contribution to the business of £5,000, which has been donated by: The Clan Trust Norfolk Farmers Trust Philip and Elizabeth Rackham Charitable trust Royal Norfolk Agricultural Association Anglia Farmers Ltd Business Support: The support will include a range of professional services including accountancy, marketing, banking and web development. This will ensure that the business has the best possible starting with all the relevant guidance they need to ensure the business is set up as strongly as possible. It is hoped that through the support and guidance given in developing the business plan some of the other applicants who do not win the prize do move forward and set up their proposed businesses. The Judges The competition will be judged by a panel of experts who will all focus on different skill area.

Author: earthlyideas
Keywords: farming competition rural business norfolk
Added: July 10, 2008



Music Production Links 2
by rss@youtube.com (ritemcg)
4 Jul 2008 at 7:57am

It's your one stop shop for the latest production tools, out. Just press the link, get contracts, business plans, sell your beats or find a job in the music industry. Just click the mouse and get started ASAP to get into the music game. // created at animoto.com

Author: ritemcg
Keywords: music software contracts books help animoto
Added: July 4, 2008



MTSU student/entrepreneur creates social network for musicia
by rss@youtube.com (mtsunews)
3 Jul 2008 at 7:30am

An MTSU has been examining the phenomenon for Dr. Bob Lahm's class in entrepreneurship, and Lahm referred to the student's work as "one of the best student business plans that I have ever seen. That's why we've added the name of Chris Purifoy to The A List.

Author: mtsunews
Keywords: MTSU Chris Purifoy Bands Musicians Music Gigs Clubs Talent Internet Business
Added: July 3, 2008



Strategic Business Plans vs. Traditional Business Plans
by rss@youtube.com (businesslaunchexpert)
2 Jul 2008 at 5:11pm

http://www.businesslaunchexpert.com/index1.html Starting a business and debating doing a business plan? Don't lift a pen until you've heard this. Here we address strategic vs. traditional business plans.

Author: businesslaunchexpert
Keywords: "Strategic Planning" Plan" "Business Strategy" Planner" "Mission Statement"
Added: July 2, 2008



Make Money at Home - Proven Business Plans
by rss@youtube.com (carltonflowers)
1 Jul 2008 at 4:57am

http://www.microbusinessplans.com This is an advertisement for my "Proven Business Plans & Money-Making Ideas that you can start on a shoestring budget" software & eBook package. It contains 19 small home-based business ideas that will work well in your community

Author: carltonflowers
Keywords: make money home based business plans ideas supplement income
Added: July 1, 2008


Business Plans Books

The Smartest 401k Book You'll Ever Read: Maximize Your Retirement Savings...t...
by Daniel R. Solin
Amazon Price: $13.57
Customer Review: Watch Video Here: http://www.amazon.com/review/R1UIHMLGDHPEEF The information in this book is timelier than ever with the markets current condition. In the next 3 years many in 401K plans will lose 50% of their capital. If you are wondering that is reading this review it is a reader program I learned about in the book, Don't Like to Read, Then Don't, Listen!: How to Turn Any Type of Text Into Audio Files That Can Be Read to You!

The Total Money Makeover: A Proven Plan for Financial Fitness
by Dave Ramsey
Amazon Price: $16.49
Customer Review: it's monotonous and redundant info. he says the same things over and over. borrow someone's book or check it out from the library.

Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life
by David B. Loeper
Amazon Price: $13.04
Customer Review: What is the best way to "stop" the "rip-off?" One way is to find an alternative to the 401 itself. Perhaps "Stop the 401K rip-off" by David Loeper is garnering some deserved sales recently. Possibly because the financial markets are in a cyclical slump, and many Baby Boomer 401K holders are getting out their calculators. This book should lead some (not all) to question whether they should have the 401K plan at all to begin with. We know the tax benefits, but there are limitations of investment options, age restrictions, and hidden expenses (fees) that erode a worker's earnings over decades and limit allocation options.

The 401K is one piece among many investments in the retirement puzzle. This puzzle is shrinking, and retirement will be an illusion for tens of millions that will rely on the balance of the 401. Of course, the old adage of "diversification" is needed but some people are using other vehicles in their attempts attain critical mass or sufficient funds for living expenses in the latter years. And, what percentage of the 401K will be used for medical care? Pharmaceutical (medicine) costs? More than many think.

Yes, there is employer matching for some, but 401K plans are dishonest and limited. Some feel even more secure investing into the S & P 500 Index funds that are non-tax deferred.

The 401K plan has been intentionally engineered to steal from and cheat the worker. Congress has allowed this to happen. The lack of knowledge and ignorance has been engineered as well. The more ignorant workers with 401Ks are, the easier it is to profit via hidden fees.

Loeper tells us how to "stop the 401K rip-off." The gravy train of hidden expense theft is the foundation of the plan. The only way to stop the institutional and legally thievery is to stay in your plan and know *everything* about your plan, or to dump it and use alternatives. This is a good point with specifics.

2 key assets to this book. Exposing it and then advising on how to take actions. Loeper explains the "whats" of the 401 and also the "hows" of trying to reduce fees, fee disclosure, and offers points on getting in and out of these plans in the most optimum way. This book is necessary, but why should it be? Because of the systematic plan to separate as much of an American worker's money from him or her as possible.

"Stop the 401K rip-off" by David Loeper ought to be handed out by HR depar...

Leading Change
by John P. Kotter
Amazon Price: $17.79
Customer Review: John Kotter is a business professor at Harvard University who writes "Leading Change" as a guide to business leaders, helping them to transform their stagnant, ineffective, hierarchical companies into more effective, responsive, team-oriented ones. To help companies and leaders make this transition, he presents eight sequential steps that must be followed in order and done well.

These eight steps are:

1. Establish a sense of urgency (fight complacency)

2. Create a guiding coalition (both influential leaders and effective managers)

3. Develop a widely inspiring vision and strategy for achieving it

4. Communicate the vision, communicate the vision, and communicate the vision even more.

5. Give the employees authority to creatively experiment concerning how to best make the vision a reality

6. Make sure you point out things to celebrate as you make progress toward your goals; it rewards appropriate behavior and, besides, people need to celebrate once in a while.

7. Understand Bowen Family Systems Theory--that when you change one thing, everything else changes with it. Systemic change is difficult work that produces a whole lot of anxiety and unintended consequences.

8. Make sure that, once the changes are made, they become engrained in the new culture of he company; make them "the way we do things around here."

Kotter does get credit for being comprehensive and for being among the first to write a leadership book of this sort (copyright 1996). He appears correct in all of his arguments and this reader has difficulty finding flaws in his eight steps. He appropriately balances task-orientation and relationship-orientation and distinguishes between leading and managing. Furthermore, he is the only author I've come across that understands how Family Systems Theory plays out in an organization undergoing change.

However, the book is outdated. Newer authors like Jim Collins, John Maxwell, and Kouzes & Posner have refined Kotter's ideas and presented them in a more readable, more applicable, and more modern way (again, 1996 copyright).

Kotter limits his ideas and examples to the large, highly structured business world; other authors deliberately address leadership within smaller businesses, schools, non-profits, and other environments. Kotter writes before the internet was widely used; other book...

Your Complete Retirement Planning Road Map: A Comprehensive Action Plan for S...
by Ed Slott
Amazon Price: $10.85
Customer Review: This is a textbook for putting your financial house in order in order to protect your estate for your children and grandchildren. I found it extremely useful

The Retirement Savings Time Bomb . . . and How to Defuse It: A Five-Step Acti...
by Ed Slott
Amazon Price: $10.88
Customer Review: Writing reviews for Amazon is getting ridiculous. I received my order before the deadline and in the condition promised.

Spend 'Til the End: The Revolutionary Guide to Raising Your Living Standard--...
by Laurence J. Kotlikoff, Scott Burns
Amazon Price: $17.16
Customer Review: Wealth Odyssey: The Essential Road Map For Your Financial Journey Where Is It You Are Really Trying To Go With Money?

Overall a decent primer on how to think about personal finances from an economics point of view - with a caveat - much is controversial. I agree with the concept that your standard of living is the starting point to base financial decisions. It always has been, however the loss of pension programs for people to sustain their standard of living has changed how people need to think about funding that standard of living once they no longer work. This change has caught many in the baby boom generation off guard and hopefully younger generations will learn from this.

I also agree that a blanket income replacement ratio is nonsense for planning purposes and that individuals need to explicitly determine what their standard of living currently is and what level they wish to sustain when no longer working. The financial industry cuts the problem with a cleaver (with income replacement ratios) and then works with a scalpel on what is left (spreadsheets and calculators galore in office or online) as it relates to this point.

The use of index funds (Vanguard or Dimensional Fund Advisers from their website) to obtain asset class returns is another area of agreement. However, their asset allocation suggestions are very controversial.

Utilizing a mortality age ("maximum age of life") instead of longevity ("expected age of death") is also prudent advice given people are living longer; which means by definition that the expected age of death is getting older! In fact this being such an important point - I'm mystified that they don't explain how to determine maximum age of death (not really mystified, since you can buy their software which might tell you - not sure since the book is silent on what the software does) ... readers can go to the National Center for Health Statistics http://www.cdc.gov/nchs/ and search "life tables" which will easily explain how to determine probability of living to a given mortality age based on your current age. A factoid for example: people ages 55 to 75 in U.S. have an approximate probability of 10-12% (range corresponds to age range) of living past age 95; and approximately 20-30% chance of living past age 90.

The above are just a few examples of agreed upon points in the book.

So the reader is aware, many planners and economists take issue with th...

While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC ...
by Roger Lowenstein
Amazon Price: $17.13
Customer Review: This is a fantastic read! The book discusses the plight our society faces when the bill comes due on pensions and health benefits for many corporations, city and state governments. It prompted me to look at the state of Nevada pension plan for teachers. The plan is grossly underfunded and guess who gets to pay for these benefits when the plan runs out of money. Me, the taxpayer. As of June 30, 2003, Nevada PERS assets had a market value of $14 billion, but actuarial liabilities of $19.5 billion. 5.5 billion in the hole. The book also woke me up to looking at the balance sheet of a company when considering to invest. For example, I would not invest in GM since the majority of their profits go to pay for the pension and health care plans. As a potential stockholder there would be little money left to distribute to me. The book provides the example .."by the late '90s GM was facing the demographic nightmare.." in pensions. GM is "...down to 180,000 hourly employees, compared with a dizzying 400,000 retirees." GM is an example of what Social Security will look like when the money runs out.

The Automatic Millionaire : A Powerful One-Step Plan to Live and Finish Rich
by David Bach
Amazon Price: $13.57
Customer Review: This is all about automating your way to financial freedom guys. If you are looking where to start and not overwhelm yourself, this is the book for you! Wonderful read! If you're married definitely get the "Smart Couples Finish Rich". Best book for married couples that want control over their finances ever. These books are about real life and not some "guru" shoving mostly useless junk down your throat. Enjoy!

The New Leaders 100-Day Action Plan: How to Take Charge, Build Your Team, and...
by George Bradt, Jayme Check, Jorge Pedraza
Amazon Price: $17.13
Customer Review: very informative action plan to help with transitions to new company as we as within same one.

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