New Business Plan

I identify my business plan with Kevin O’leary because like him and many other successful entrepreneurs, we have great ideas, but a low income to execute them. With this said, my company is a low cost idea to start, and at the same time is executable. As a new businessman, I must work harder in order to set the goals and analyze the results. In order to become successful hard work is necessary. Effort and predisposition to work hard are the factors that will embark the company into a positive start.  I’ve learned that it is key to look and search for safe methods to expand the company.  

Another method that I’ve learned comes from Barbara Concoran’s business plan. First, she started her company with a low budget, and after some time she sold for $66 million. Both of these methods, O’Leary and Concoran’s, are extremely useful because they will help evaluate the company’s performance. It is important for me, the future CEO of my company, to be able to determine what direction the business takes, as well as the risks and opportunities. I agree with Barbara Concoran in that branding is one of the most important aspects to be considered in a business. When looking at my company’s plan, I see a lot of opportunities in the growing of the brand, getting strength, which will open chances for investments and sponsors.

These two leading business-entrepreneurs are very successful and many people highly look up to them. They have become an extraordinary example to follow when it comes to developing a new business. One of the phrases that Concoran said talks about the importance of not being afraid of taking risks. Fear of growing will inhibit the opportunity to succeed. While some methods work for some people and others rather use different ones, at the end, the person must be willing to take chances and risks. Keeping an open mind will make successful entrepreneurs.

Alex Kenjeev, President, O’Leary Ventures. http://www.tumblr.com/tagged/kevin-o'leary

ABC Network: Kevin O’Leary. < http://abc.go.com/shows/shark-tank/bio/kevin-oleary/276282>

Barbara Corcoran Inc. 2012. < http://barbaracorcoran.com/>

Dan Bischoff, 2011. Lendio; Interview with a shark: Barbara Concoran. < http://www.lendio.com/author/dan>