Implementing A Workable Business Plan - 1428 Words

I then asked him: â€Å"From your experience what do successful companies have in common early on?† His response was very insightful. He began by saying that you need two things in the very beginning, you have to have a concept that makes sense, and it needs to be something that people want. After you have those two things he said to make a workable business plan. The next step after the business plan is to find a team of people that are capable of carrying out that plan. He went on to add that it is harder to find a good team than it is to find a good plan in early businesses. Lots of good plans out there, but not that many good teams. He then went on to emphasize how essential a good team is by stating: â€Å"Whenever you think of yourself as an†¦show more content†¦I asked him about companies in the Huntsville area that are just starting up, and he referred me to a company which I could potentially site visit. The next interview I conducted was with the CEO of App leton, Glenn Clayton. He had a different style of responding to the questions than that of Mr. Corman, he was much shorter, and succinct with his responses. From the interview, which I asked very similar questions to that of Mr. Corman, I was able to extrapolate that he started the company when he was 18 and in school at UAH. He was a broke college student at the time trying to make money, so he started a tutoring business. After he realized that the company could be more successful in the HR department of public schools, he sold the tutoring part of the company. This was due to him realizing that there was a void created in communities by public schools, and he intended on filling the void. This notion of starting with a premise of find a need and fill it, and find a way to fill it effectively, or more effectively depending on whether or not there are other companies in the same market, was the main point he made during the interview. The final interview I conducted was the one wit h my dad’s good friend Mr. Kent Lowman. This interview was originally intended to be a phone interview just as the last two had, but it was changed to an email interview to accommodate to his busy schedule. He