Experts Views on the Value of Business Plans

Oprah Winfrey was born on January 29,1954. Oprah was born into a poor rural town called Kosciusko, MS. In 1976, she moved to Baltimore, MD. While in Baltimore she hosted a hit TV show called People Are Talking. With much hype and popularity surrounding the show Oprah Winfrey went on to host her own morning show. After this, she dedicated herself to pursuing an extraordinarily long run of a show widely known as the Oprah Winfrey Show.

Oprah’s strategy in her industry was to keep her show free of tabloid topics. She wanted to remain true to that statement. This helped her business by gaining loyalty from viewers. Although her ratings were initially low, Oprah gained popularity quickly. Oprah’s overall view for a successful business is to be loyal to your message and purpose.

Donald John Trump was born on June 14, 1946. He was born in Queens, NY and was the fourth of five children. In 1971, Trump got involved with some large profitable building projects in Manhattan. Donald opened the Grand Hyatt in 1980. This opening named Donald Trump the city’s best-known and most controversial developer. With the success of many more development projects, Donald starred in the hit NBC reality series The Apprentice in 2004.

Trump had great influence in his life. In his early years, Trump was educated in a military academy. After graduating, he ended up at Wharton School of Finance at the University of Pennsylvania.

Even at a young age Trump worked with his fathers company. He was a very ambitious individual. Trumps overall business plan philosophy is to work hard while taking important risks. Trump stuck to what he knew was true: in order to make money, one must make smart risks.

These two individuals, while different, have important and notable business strategies. For every successful business that has been launched with a well-thought-out business, it seems one can find an equally successful one that began with nothing more than scribbles and notes on a napkin. In saying this, Oprah and Trump may not have had a definite business plan for their lives but they each possessed drive and passion to reach their goals and visions.

Sources:

http://www.biography.com/people/oprah-winfrey-9534419?page=3

http://www.biography.com/people/donald-trump-9511238 

http://smallbiztrends.com/2010/06/business-plan-success-twice-as-likely.html