A Quote by Ryan Kavanaugh
Don't get stuck on a business plan just because it was your business plan.
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I never had a business plan. I did, actually - I'm lying. My business plan was to get lucky, and I did; that was great. And then my second business plan was to get lucky again, and there, I faltered.
Founders go wrong when they start to believe their business plan will materialize as written. I advise entrepreneurs to burn their business plan - it's simply too dangerous to the health of your business.
If there's any business that instructs you in the strong hand of fate, it's show business. You can plan and plan, but it's what happens to you that really determines what your career will be like.
Founders have continually struggled with and adapted the 'big business' tools, rules, and processes taught in business schools when startups failed to execute 'the plan,' never admitting to the entrepreneurs that no startup executes to its business plan.
I don't want to plan my career. That would be a business plan. Filmmaking is not a business plan.
One method of staying ahead of rising asset prices and the declining dollar is to think bigger and come up with better plans. As important as financial and business planning is a plan for personal development and self-improvement. I'm often asked to invest in people's business plans, and one of the reasons I turn many of them down is because a big plan requires a big person who's spent time on personal development. In a lot of cases, a business plan is far bigger than the person with the plan - that is, the dream is bigger than the dreamer.
The business is about coming up with a business plan and using your relationships and networking and seeing your dreams come true. Everyone on this show has their own business. Fifteen minutes of fame is fleeting. It's about learning the business and creating a new business.
Plan your hours to be productive...Plan your weeks to be educational...Plan your years to be purposeful. Plan your life to be an experience of growth. Plan to change. Plan to grow.
Unless you have tested the assumptions in your business model first, outside the building, your business plan is just creative writing.
I started treating my career as if it was a guarantee,if things get difficult and things don't work out, I'm not gonna think I have a Plan B, which is grad school, or Plan C, which is an office job. I'm just gonna have a Plan A, a Plan A 2.0, a Plan A 3.0, and that's what I'm going to do. Because entertainment and YouTube are always going to be my Plan A.
A lot of people want to start a business, and they're like, 'I wanna start a business, give me some money to invest.' Where is your business plan? Are you investing money yourself into your own business? How is this going to work? People think that they can just come to you with an idea and have money.
What you need is one black dress I call Plan B. It doesn't have to be fabulous, it just looks good, covers up the problems and is neutral enough for dinner, business, a date, a funeral. You don't overwear it, you don't overwash it, because the Plan B is - gold.
People do not look at the music business as an entrepreneur business at all times, but everything in this business is entrepreneurship. It's one thing to have the money and not have the knowledge. A lot of times people have great ideas, but don't have a plan. The whole thing about being an entrepreneur is you have to have a plan.
People going into a business have to have a plan. It's helpful to write it out, even if you're the only one there to see it and execute it. It's your bible. Stick to it, unless things happen in the market that cause you to change your plan. I do that myself.
The business plan should address: "How will I get customers? How will I market the product or service? Who will I target?" The principles of a business plan are pretty much the same. But after page one to two, everything is unpredictable, because costs or competition will change and you don't know how things will be received by the market. You have to be able to continually adapt. Companies that fail to adapt will die. Others are brilliant at adapting.
I was in a form of a prison: not necessarily with bars, but I was locked to that machine three days a week, and I couldn't plan work, I couldn't plan vacations, I couldn't plan dinner, I couldn't plan homework, I couldn't plan nothing because at the end of the day, Monday, Wednesday and Friday, I had to be at dialysis.
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