Posted by kari.petroschmidt
The following video features Jarod Chisholm of Audacious sponsor WHK and 2012 Audacious judge, as well as Andrew Lloyd of the National Bank. For someone who hasn’t actually started a business and doesn’t need to write a business plan, I found this remarkably helpful.
In fact it made me realise how much I don’t know about what is required of you in the business world. Fact is, as University and Polytechnic students, we really have no idea. Which is kind of awesome. Because we don’t know what’s possible, what the limits are, it’s easier for us to think anything is possible, and to at least try to achieve it (as Neil Gaiman states in his amazing commencement speech). It also makes doing a business plan while you’re still studying fantastic practice.
But anyway, I found these presentations to be a real insight from people who live and work in that world every day, who read hundreds of business plans and advise and interact with starters and business people all the time. Which is interesting because I never thought I could be fascinated by someone talking about financials but it turns out when someone really knows what they’re talking about, it shows.
I particularly liked Jarod’s emphasis on passion – as he states, if someone is only in it for the money, it’s actually really hard to invest, even if their plan is pretty sound. Passion not only evidences a person’s determination to follow through, but it’s infectious. Some good tips for the coming business plan (due Friday 7th September 5.30pm) and Dragon’s Den!
|04 – Sep – 2012|