One week into the start of the business planning and things are starting to come together. It’s a slow process thanks in part to all the UEB, FEB, and NVD LBS goodness I’ve forgotten over the last three years (the first three are acronyms for classes and the last one is the forbidden acronym of
LBS, err London Business School).
There was a point in time when I was pretty darn good at doing estimates and forecasting. I’m unsure when the last of that knowledge gathered dust and then disappeared but it is certainly no where to be found in my current memory banks. Thankfully, there’s my trusty 2-ring binders (like a 3-ring binder but with, uh, you know two rings) to review. This combined with re-reading 7 Domains has helped jog the old memory.
Next week, I will start putting key strokes to the business plan template to create our v1.0 straw man. It’ll need fleshed out a good bit but having something to work with will certainly be better than nothing.
I can highly recommend ‘Getting to Plan B’ by Randy Komisar and our prof John Mullins too, great read on assumptions, and measuring performance.
Already reading it :)