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Casual Articles - How to Use Graphs and Charts in Your Business Plan
I dedicated my first book: Gross Margin: 26 Factors Affecting Your Bottom Line, to my best-ever boss. He was my best-ever boss not because he was easy to work for. The opposite was the case. He was the toughest boss I ever had and because he was so tough, I produced far more than I would have ever produced had I worked under a boss who was more interested in how much his employees liked him than he was in how e
In determining whether to use a graph or chart, consider the old adage, “a picture is worth a thousand words.” The point here is that the picture should save a thousand w
One of the most important business lessons I’ve learned over the years is to always keep my ears open. This isn’t just a matter of listening, you have to first spot opportunities to explore the minds of people who can reveal valuable insights.Yesterday I had such an opportunity and I thought you’d like to hear about the really valuable lesson I learned.My wife and I were at a party. Before lunch w
To begin, the key point to consider in developing your business plan is the time restraints of your audience. If your audience is a retired angel investor, he may have few obligations and can spend an hour reviewing your business plan. However, the more likely scenario is that a venture capitalist, corporate investor or loan officer will review your plan while sitting at a desk topped with fifty other business plans. As such, it is critical that your plan conveys its key points quickly and easily – this is where graphs or charts come in.
In determining whether to use a graph or chart, consider the old adage, “a picture is worth a thousand words.” The point here is that the picture should save a thousand wo
Ah, my very favorite promotional product of all, the refrigerator magnet. They are my favorite, because they are so extremely inexpensive, and extremely effective in getting your company name seen in countless locations.They don’t make the greatest commission for a salesman of advertising specialties, but I can’t stop myself from recommending these little beauties first and foremost to my new customers
To begin, the key point to consider in developing your business plan is the time restraints of your audience. If your audience is a retired angel investor, he may have few obligations and can spend an hour reviewing your business plan. However, the more likely scenario is that a venture capitalist, corporate investor or loan officer will review your plan while sitting at a desk topped with fifty other business plans. As such, it is critical that your plan conveys its key points quickly and easily – this is where graphs or charts come in.
In determining whether to use a graph or chart, consider the old adage, “a picture is worth a thousand words.” The point here is that the picture should save a thousand w
When I served in the British Special Forces, I learned a lesson from a sniper that applies directly to your success at direct mail marketing.I had a buddy in my Reconnaissance Troop who could kill a man at 800 metres with one bullet, even if the man was walking. Scottie was a sniper. His motto was the motto of all snipers, “One round, one kill.”The job of a sniper in wartime is to kill
In determining whether to use a graph or chart, consider the old adage, “a picture is worth a thousand words.” The point here is that the picture should save a thousand w
“I'd gladly pay you Tuesday for a hamburger today.”Recognize those words?Straight from the mouth of J. Wellington, aka “Wimpy,” famous for his appearances in the Popeye cartoons.Wimpy’s unforgettable character first aired in 1934. Interestingly, 70+ years later, his words still contain a nugget of truth: Tuesday is the day.A 2007 survey conducted by Pitney Bowes revealed that
In determining whether to use a graph or chart, consider the old adage, “a picture is worth a thousand words.” The point here is that the picture should save a thousand w
Powerful questions to get below the surface1. Ask for specific "stories" of complete situations"We all meet situations where people disagree on the correct way to proceed. Can you give me an instance from your own experience where it was up to you to deal with this kind of disagreement? Perhaps a time when you had to lead a team to find an answer everyone could rally behind?"<
In determining whether to use a graph or chart, consider the old adage, “a picture is worth a thousand words.” The point here is that the picture should save a thousand words. That is, the graph or chart should supplement the text; it should not be explained ad naseum in the text, or that defeats its purpose. Likewise, the graph or chart must be relevant and support the text, rather than detract from it.
In addition to respecting the time constraints of the audience, the business plan must respect the audience’s energy level. That is, after reading seven business plans, an investor is likely to skip a page with 400 words of straight text. Even if no charts are applicable to support the page, Growthink suggests using appropriate spacing and/or callout boxes (e.g., key text phrases highlighted in boxes) to make the page more readable.
Clearly, technical drawings and operational designs need to be visually presented in the business plan. Without them,
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