Business Plan Experts: Helpful Tips Used

In the previous posting, two experts were profiled for their expertise in creating a successful business plan. The two experts profiled were: Andrea Cockerton and Angelo Meneguzzi. Each expert applied different tools in order to create their respective business plan models. Those tools utilized will be discussed within this posting as tips for creating a business plan.

Some techniques applied by Andrea Cockerton were applied to the creation of my business plan. Three specific techniques were: 1) Targeting a growing market, 2) Having a groundbreaking product or service and lastly, 3) Asking for money from investors. These aspects were applied to my own business plan creation regarding a youth development service program for inner city youths.

With school physical education programs slowly deteriorating across the country, the youth program would serve as an outlet for a market in need. Serving as a consultant company to professional athletes, a percentage of revenue generated from services rendered, will assist in sponsoring sports camps, summer tournaments and monthly business seminars. The business seminars will serve as professional advisement to local sports organizations focusing on proper business infrastructure, marketing and creative ways to raise the community involvement with their youth.

The money asked from investors will solely serve as start-up money for company operations and marketing opportunities for the first few months of the company existence. Angelo Meneguzzi has a talent as a consultant for forecasting the future in business opportunities and development. In accord with the assignment, our business plan is developed for forecasting an area of need within the country. Numerous outlets have been attempting to search for the necessary funds in order to keep their schools physical education a float. With a successful sports consulting company, urban and rural youth communities will be funded countrywide.

The most important aspects of a business plan are the financial statements and the marketing plan. The financial statements showcase where exactly the liquidity created is being spent, saved and borrowed. This also shows if whether the business will be profitable. The marketing plan is also a key aspect of the business plan. This shows how the company intends to market their target market, what type of market the company intends on targeting and the need of the product or service within the market.

Spoke.com, 2011

Bplans.com, 2010

Andrea Cockerton/LinkedIn.com

Business Plan Experts

Andrea Cockerton

           

Is an independent pitching advisor and expert that operate in the United Kingdom. She has worked with over 350 entrepreneurs and has become an expert within the field. Andrea is an expert within “Venture Funding and Business Critical Ideas”. Her career expanded by holding workshops and events for businesses within the United Kingdom. She’s assisted large companies and developed their operations through seminars and talks. Andrea has a history in Microsoft, MIT and co-founded her own business titled the “Brick Hanbag”.

Andrea Cockerton believed that a successful business plan needs to ask for money from investors. This needs to be revealed to investors before there is no money left for any new venture. She also believed looking into long term fund raising and investing. She believes that every business plan should have at least three components: 1) target a growing market, 2) have a talented team, 3) having a groundbreaking product.

When any investor is looking into a business plan, they must see reason into investing into a company. These factors are essential any business plan and I agree that such assets should be apart of any business plan. Any business that looks to become successful should have a business plan that embodies such ideals. These components makeup a successful proposal to all investors whom are interested in a new business venture.

Angelo Meneguzzi

Is a business professional with nearly fifteen years of experience within the business world. He has been a key asset to several start up companies across the globe. In recent years, Angelo has been apart of public relations, product development and sales. He has worked with groundbreaking companies such as: Disney, Upside Magazine and ABC News.  over a decade of experience in the business world. His ventures have allowed him to work alongside several start-ups in the technological world. With his advice as a consultant, Angelo believes business plans set the tone for the future. It’s easier to forecast the newest trends within the industry and prepare for changes within business.

Spoke.com, 2011

Bplans.com, 2010

Andrea Cockerton/LinkedIn.com

New Marketing Trend for Athletes? Applications

With the entertainment world consistently changing, today’s athletes have become more business orientated than ever. Due to the great success of the “Social Network Media” channels, athletes are finding new ways to market themselves through a variety of ways. The newest and perhaps, most creative strategy to date is marketing through their own application or “App”.

According to the article by Adam Satariano and Douglas MacMillian, world star athlete was among the first international stars to apply this strategy. With the help of “RockLive”, Bolt transformed his Olympic winning into an actual video game App. His application immediately drew attention and nearly 3 million downloads were accumulated. This strategy attracted more superstars to try their input on developing their own applications as well.

Stars from all different sports are beginning to find ways at using applications to their benefit. Bolt used the “App” to broaden his marketing brand to other sponsors. Puma, Gatorade and Swiss Watches are the three most “Prestige” endorsement deals within his brand. Bolt has started and new trend that others have already begun to follow. Some popular names being, Mike Tyson, Joe Montana, Tony Gonzales, Tiger Woods and a host of others.

This new trend is an affective way for athletes to extend their brand. They can market themselves in variety of different ways. Gearing an “App” into their actual preference of style, allows the athlete control over their product. Tony Gonzales has an “App” geared towards his workout regiment titled “FitStar”. With this capability, athlete’s now posses the option of different tools that would bolster their brand to newer sponsors whom may have not been initially interested in the athlete.

According to another article by Gianni D’Ovidio, Joe Montana has spent one hundred thousand dollars to invest in a fantasy football application. The “App” community is projected to gross nearly eighty five billion dollars this year. With a strong community backing this new trend and “Stars” aligning to “Cash-In” on a great marketing tool, this new trend may become regularity for all athletes. 

We're All "Boston Strong"

Sports have often been an escape for all fans and participants included. In any event, one game can have a reflection of healing. This country has been faced with adversity and responded with action of absorbing a tough time then showcasing the ability to move forward. This was showcased during the opening of the NFL season in 2001 post “9/11”, Super Bowl 25 when the country was at war in Desert Storm and most recently, the Boston Marathon tragedy.

“Boston Strong” apparel has been a symbol of strength for all those affected by the incident. Bostonian or not, citizens across the country especially in the northeast have responded and contributed their support towards the city. A representation of pride and hope through sports and apparel has often help cure and soften the emotion of facing adversity. With each professional team that represents the city showcasing their support and concern, Adidas has generated over $1 Million dollars in sales towards the cause.

No team more beloved than the Boston Celtics, who were the last team to return to the city and play in front of a home playoff crowd. Though, losing in the series, to win possibly the last home game of the season seems fitting for a city built on strength and pride. The Boston marathon next year is going to be an event that will be one of the most coveted and healing events for a city that will become stronger than ever before.

JAY-Z: Mogul has conquered music and now…Sports?

Music Artist, Fashion Mogul and now Super Sports Agent, Jay-Z has established himself has one of the most influential figures in the world today. Through his developed relationships with athletes across multiple sports, Jay-Z has now established Roc Nation Sports to begin his mark on the sports industry.

According to his website, “Life and Times.com”, Jay-Z is set to sell his ownership percentage of the Brooklyn Nets back to the team. The ownership is only about one percent of the teams total, which is valued at $350,000 according to Forbes.com. Jay-Z stated; “My job as an owner is finished, it was never about ownership, it was about the Nets and Brooklyn”.  With his high profile persona and developing relationship with superstars across all sports, Jay-Z’s presence amongst the Nets staff was just enough to lure the then “New Jersey Nets”, to Brooklyn.

For the first time in 50 years not only does Brooklyn have a professional team within the borough but, they have a winning team with a winning owner now #1 fan in Jay-Z.  Roc Nation Sports is now the main focus on the Mogul’s radar. Since the NBA hinders owners to have agent relationships with the players, Jay-Z saw an opportunity to expand his brand and company. The artist/businessman has already signed young superstar Robinson Cano who is the second baseman of the New York Yankees.

With his already established music career, “Rocawear” fashion line and renowned “40/40” sports bar clubs across the country, why not sports business as well. By already signing Robinson Cano away from a powerful sports agent, Scott Boras, Jay-Z looks to embark in a new venture and multiply on his success. The artist recently debuted his response to critics who’ve commented on his decision to leave the “Nets” organization in a song titled “Open Letter”.  With a history of defeating all odds and achieving success in nearly every venture, sports seems like a “no-brainer” for the business mogul.