Put things in perspective

So no one is perfect and there are somethings you may not be able to grasp...but thank God for Google!


Currently I'm doing two entrepreneurship classes (clearly people can see how bad I want to become my own boss, I gave a synopsis in an earlier post about why its my dream but I'll provide my hard reason for it in my next post), so long story short for both classes the final project is to create a "workable" business plan, which will be pitched before actual investors. Both are group projects.


Normally I don't like group projects as major projects but originally I was grateful because due to complications with my university I have a crazy workload, which tips out the average student by quite abit. ( it can be taxing but I have a great support system to help me through it)


For one course I have been charged with the task of writing the 'feasibility analysis.' Never having done one before, I started my research on it (three cheers for Google) and basically its a section of the business plan that determines if it makes sense to continue with your business idea.


At this point, I know what it is in theory, and I've searched and found examples (yay Google) on how to write  one...yet I still am experiencing trouble creating my own.


This stems mainly from a lack of....you guessed it...KNOWLEDGE.


Not knowledge on a feasibility analysis but knowledge on the business we are presenting itself.(mainly because this group has yet to gel as a group and actually get the work done....my dislike for major group projects is slowly beating out my need to share the workload) anyway, now you see the importance of the business plan.


Some people aren't aware of how to create this aspect of their business( the aspect being the business plan)...they may have the idea which they think would make a good business and then to get them started they would hire someone to write the business plan for them (like a consultant)


Personally, and feel free to agree or disagree, writing your business plan yourself helps to make your  idea just a bit more clear and cements it to you...writing it yourself gives you a greater sense of ownership.


Although I say this, if it isn't your strong point, there is no problem having someone go over it with a fine tooth comb  before you try to pitch your idea to investors. My main point is to be aware of what goes into all aspects of creating your company, starting with the business plan, because it can really put your business into perspective.


So be aware of all aspects of your business, knowing how things are done can aid in how to fix surprises that can occur and can be a significant advantage in presenting your business to others.