Sunday, May 29, 2016

Business Plan Development Mastery Journal Assignment


   My original goal for this course was to take in all I could about creating a business plan for the recording studio I plan to build and operate, Da Chop Shop Studios. It has been a dream of mine since 2003, and I’ve had some sort of recording setup since 2009 when I moved from Connecticut to Atlanta. The course was chocked with information, and if I may admit, a bit overwhelming. The course met the goal of providing the road map of developing an effective business plan, but I may have fallen short of my personal mark by not fully understanding all the concepts of the course. My insight, skill and outcome has changed because of this course. What comes easy to me is what I’m passionate about, and believe in. It makes it easier for others to believe in your product, service, etc.
   What didn’t come easy to me was the accounting portion of the course, which is clearly the most important. If your business does not look like it will make money, or you business plan in sloppy and inaccurate, investors will not want to part with their cash. I learned that my lack of skills in this area is where I can use the most improvement. As to how I would apply the material learned in this course personally or professionally, it’s a must that I utilize the concepts learned from the course content to run a successful business.

   To realize your dream can be a difficult thing to accomplish sometimes, if not for financial reasons, it’s because others may “kill the dream” before it’s born. You must plan and research to make your dream a viable business, not just one that looks good on paper, but reflects your passion.

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