Welcome to the Mastery Blog Post for (BPD) EBMS at Full Sail University. This month was a sure fire drill in how to develop and implement a winning business plan. My original goal for this course was to polish my business plan skills and develop a presentation. The original plan was exploded with new information concerning how to develop a powerful well focused business plan. Along the way I discovered that the details of a great idea must be logically incorporated into every aspect of the business plan. The business plan is key to getting the idea across to investor who might have an interest in the success of good business idea.
This course surpassed my original expectations for the learning objective and added to my perspective and knowledge of business plan best practices. My insight into the needs of a well-developed business plan has been consolidated. I have written a business plan before in the past however, as of today my business planning skills are now upgraded. I have learned that ideas can be developed into a successful business which may supply a demand for the consumer. I am taking a good look at the current market opportunities and determining if there is a trend that can be used to launch a new business.
Today I am looking at strategic positioning and applying market research to determine if a product is needed in a certain commercial zone. This course has given me a better understanding of market research. I can now apply NAICS codes to find industry information. Over all I am looking at developing other business ideas that I had not considered before taking this course. Innovation in business makes more sense to me now. The material that has been presented in the (BPD) course at Full Sail University will be used for my personal and professional growth. I feel better qualified to develop a business plan any idea which includes financial projections. This course is highly recommended for all entrepreneurs.