Business Plan Experts: Trump and Oprah

  The importance of having a business plan cannot be underestimated.  Experts in any business will express why they find it necessary.  While there will be differences in opinions about why they are needed for success, they can all agree that they are ultimately essential in your companies future successes.

  Steven Burnhoe writes a blog called Expert Views on Business Plans.  This past March he wrote about some experts that pertain to our field.  Donald Trump and Oprah Winfrey.  Mr. Burnhoe goes into depth on why they are both experts on the subject of business plans, and sums it up with these words,

“The advice from these two people is definitely worth taking to heart.  While Donald basically says you have to have a plan or else you will fail, Oprah says that you need to monitor it and adjust it so that you will succeed.  These are two different views on business plans but both are saying the same basic information:  make sure you have a good, solid business plan so that you do not lose focus on your ultimate goals.  This is the ultimate goal of any new entrepreneur.”  (Burnhoe, 2011)

   According to Donald Trump’s biography posted on www.Trump.com, there is no other more recognized businessman in the world.  He started in Brooklyn working for his father and moved quickly from Brooklyn to Manhattan’s real estate.  He is known for his luxury hotels, but he is much more than that.  Trump has written books, there are golf courses, residential buildings as well as his television show The Apprentice that is in its tenth season.  His successes in his business life make him the ideal man to watch when creating your own Business Plan.  (Trump, 2012)

No amount of room on this blog is enough for Oprah Winfrey’s impressive biography.  According to her official, eleven page, biography, on her website, www.Oprah.com, she has had to overcome a lot to have the amount of accomplishments she has achieved.  Oprah started out doing radio in high school, and worked on local talk shows after college before getting her own hour-long show The Oprah Winfrey Show in 1984.  She used the money she had earned from ABC to start her own company Harpo, Inc. to be able to control her show.  Her show and her company have grown to now owning her own network, poetically entitled OWN.  In between all that she found time to star in life changing movies and change peoples lives with more philanthropies than your average do-gooder.  She even has her own magazine, O.  In 2001 she posted an article there about how to create a business plan.  It is available on her website now.Her overwhelming success and brilliant business mindset make her the ideal woman to watch when creating your own Business Plan.  (Oprah, 2012)

Both Oprah and Donald have a lifetime of lessons for all of us to take on.  What is key is learning from what they have accomplished and how they used their business plans to do so.  Donald does nothing without a plan and Oprah insists that you have to constantly update and change your plan to fit your needs and your company’s needs.  I left a video from Trump’s YouTube account just showing you the future of his company.  Also on that site there are several videos from Trump himself that I encourage you to peruse through.  Best wishes.