How I Created My Own Circle Of Competence

The Circle of Competence was one of the most important exercises I did before founding our current company Ongig.

I started a new business after sitting with my "circle of competence" on my wall for a few months

The Circle of Competence is simple: you write down the things that you are competent about and draw a circle around it. And then, as Buffett explains, remember that the more you go outside your circle of competence, …

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12 Simple Outlines For Writing A Business Plan

If you need to write a business plan I recommend you start with an outline.  I found a dozen free templates and have included them below with links to dig deeper. Good luck!

1) Ongig’s Business Plan Outline

The business plan outline I wrote for Ongig (below) was geared towards raising an angel round of funding.The 3 biggest sections were Business Model, Sales & Distribution and Financials.

1. Why Should Someone Care (“The Grab” or Executive Summary)
2. Company Purpose (In one sentence: the vision/mission stuff)
3. The Problem You Are Addressing
4. The Solution You Provide
5. Why Is This Important Right Now?

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