We at the West Chester LLC are excited about the business ideas that come across our desks. There are many creative entrepreneurs in the West Chester Area and we want to see all concepts succeed. Taking the step to actully open a business is a monumental acheivement for some and a habit for others, but one thing that almost all successful start ups have in common is a business plan.
Some plans are scribbled on napkins initially, others use advanced formulas in Excell spreadsheets but planning how to get from your ideas to your results is an essential piece of the process. Being ready and able to revist the plan and revise it to suit a constantly changing environment is also crucial to sucess.
Two articles with some good advice on starting your start-up and business planning are on one of my favorite websites, Inc. Magazine's online portal this month.
Check out Elizabeth Wasserman's article "How to write a Great Business Plan"
http://www.inc.com/guides/write-a-great-business-plan.html
and
10 things to do before you start your start-up by Inc. Staffers:
http://www.inc.com/guides/2010/08/10-things-to-do-before-you-start-your-start-up.html
CALLING ALL ENTREPRENEURS - The West Chester LLC is a member managed private equity firm focused on investing locally and supporting creative and innovative entreprenuers in the greater West Chester area. WE ARE ACCEPTING APPLICATIONS for funding and will be blogging about supporting and sustaining a thriving local economy. Check back in often for updates on our progress. Thank you!
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