The Cannonball Business Plan

The Cannonball Business Plan

Remember that old Burt Reynold’s movie Cannonball Run? It was probably just my age but at the time I thought it was pretty cool--an illegal race across the country in some very nice cars. It turns out the Cannonball Run is not just fictional. Wired Magazine recently ran a story about a guy named Alex Roy whose passion has been to break the 32 hour and 7 minute record for a coast to coast drive.

This is of course completely illegal and let me clearly state that I am not encouraging participation in this kind of activity—though it sounds kinda fun. Having said that, I think we can learn something from their experience.

Their challenge was not unlike that of every small business owner—they needed to accomplish something complex with limited resources (Their limited resource was time. Most of us are limited by funds which of course limit our time). The "Driveplan" they created impressed me. On it they listed every key milestone, targeted time of arrival, potential hazards, weather forecasts etc. Because they had this plan and knew where they were supposed to be every moment, they could immediately tell if they were in trouble and if they needed to make adjustments—including backing out.

Now compare that to your business plan. When was the last time you took it out and checked where you are against it? If you are anything like me, your business plan was something you forced yourself to put together to raise funds. Once that task was done the document went in the drawer to gather dust. Maybe that is due to the way we write the things—all that useless wordiness (kind of like this post). What if we created business plans that looked more like Alex Roy’s driveplan? Imagine clear milestones, expected results, time required, potential hazards each step of the way. Seems like if we created something like that we'd be much more likely to use it and reach our destination.

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Submitted by Steve Strauss (not verified) on Sat, 04/19/2008 - 10:12am.

Was there a better movie in the late 70s than that one? Well, yes, but it was fun.

The important point is that great small businesses take their business plan out for a drive fairly regularly. The check it out and make sure they are headed where they planned on going.

Great point!

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Submitted by GetBiz (not verified) on Mon, 03/17/2008 - 5:16am.

Your entry attracted me because of the title, and I have to say being a fan of the cannonball run (watched it many many times as a kid) I immediately got your point. The concept of a ‘driveplan’ is an excellent analogy. I work in consultancy, and wonder what the reaction would be if I sat down a focus group and asked them to analyse how Burt and Co can be of inspiration to any business direction!?

Chris
UK Business Directory

Submitted by Crystal (not verified) on Thu, 03/06/2008 - 10:38am.

Jim Horan's one page business plan works and behaves pretty much like the Driveplan: "clear milestones, expected results, time required" and also strategies, tracking, and measuring, though not much on "potential hazards".

There are samples/templates online: http://www.onepagebusinessplan.com/sample_plans.html , but the book gave me loads more insight. The free template delivered new perspective when writing up a plan last month, but working through the book's worksheets this week has revealed critical blindspots, like needing a scorecard.

The single sheet result has had an amazing effect on how I approach my work. I read it every day before I start anything, and now I'm more focused, energized, and stay 100% on track.

Submitted by Jake (not verified) on Thu, 02/28/2008 - 12:03pm.

I agree.

Submitted by Amanda (not verified) on Thu, 02/28/2008 - 12:00pm.

Nice!

Submitted by Benjamin Barker (not verified) on Wed, 12/12/2007 - 4:50pm.

It's about time someone attempted this old-school type of feat!

Submitted by canadian business broker (not verified) on Sun, 04/13/2008 - 7:55pm.

"Clear milestones, expected results, time required, potential hazards each step of the way." Sounds good to me

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