Comments on: 4 Simple Tips to Actionify Your Business Plan… https://thyblackman.com/2011/12/15/4-simple-tips-to-actionify-your-business-plan/ Black News 24/7 Online for the Black Community. Mon, 26 Dec 2011 02:02:54 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Dell Gines https://thyblackman.com/2011/12/15/4-simple-tips-to-actionify-your-business-plan/comment-page-1/#comment-16358 Mon, 26 Dec 2011 02:02:54 +0000 http://thyblackman.com/?p=21291#comment-16358 Thanks for the feedback Capital. I always appreciate anyone who takes the time to to read and provide feedback on my articles. The purpose of these articles are to create a simple guide for beginning micro-businesses. That is different than a business that will seek external capital from a venture capital. In fact, over 50% of businesses don’t seek any form of external business credit or capital. The number that seek venture funds is much, much lower.

To your specific points.

I have worked with over 500 small businesses, including as a business banking officer, as a entrepreneurship professor at Creighton University, as a community loan committee member, as a community small business plan trainer, as a small business consultant, and as a small business owner. Also I am in the final stages of participating in the design and creation of a small capital fund for Black entrepreneurs. In addition I have designed and am leading a task force for economic gardening and community economic development here in Omaha to build an economic infrastructure for Blacks who have the 3rd highest poverty rate in the nation. That is the area of my PHD research.

Feel free to learn more about me at http://www.dellgines.weebly.com or connect with me on Linkedin (Dell Gines). Or give me a call at (402) 468-8248.

Now that the issue of ‘dubious experience’ is out of the way.

Detail is an issue, but that is not as material for the micro-business. One of the major problems with start up micro-businesses is on the action side. You are correct, it really is as simple as making a list and having the discipline to do it. This is the foundation of all goal setting, strategic execution, time management, and organizational change even if it is more sophisticated in form.

There is a growing body of research out there that questions the value of business plans as action plans in the first place. I have seen numerous outstanding business plans that were never executed for a wide variety of reasons. The skills to create a business plan are materially different from the skills to execute the plan.

We can talk about my research, the research, and your experience also. I am always open to it.

Or you could contribute an article to ThyBlackman yourself. You seem to be knowledgeable on the subject.

What ever you choose to do, keep up the work on helping create small businesses!

]]> By: Capital https://thyblackman.com/2011/12/15/4-simple-tips-to-actionify-your-business-plan/comment-page-1/#comment-16218 Sun, 25 Dec 2011 08:50:32 +0000 http://thyblackman.com/?p=21291#comment-16218 The author claims knowledge of business plans, but he clearly has limited experience at best. Based on his dubious (and grammatically incorrect) experience, the author claims boldly that entreprenuers need to “actionify” as if a cutesy catchphrase has any power to remedy the problems faced by start-ups. It’s laughable. If we dress it down to its barebones, Dell’s advice is to make a list of things to do, then do those things. Thanks buddy. Contrary to what Dell says, failure to execute is rarely what prevents a business plan from coming to fruition; what kills business plans is usually a lack of detail. The plans that bring in investors are those that account for the myriad of hypothetical issues in a creative and sensible way.

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