Most entrepreneurs think that business plans are only good for communicating with potential investors and lenders. Not true! Business plans are a very effective way for management teams to communicate with…
I plan to publish a series of posts on mistakes I frequently see in financial forecasts (or pro-formas, or financial projections, or whatever you want to call them). I’ve segregated…
Lists are a great way to convey information in business plans and other business documents. Unfortunately, many writers misuse lists, rendering their documents difficult to read. Here are a few…
If you're an entrepreneur, you've probably come across a few articles proclaiming the Death of the Business Plan. And perhaps you breathed a huge sigh of relief and thought to…
Every entrepreneur needs a convincing 'elevator pitch,' so named because it is the pitch you give if you happen to step into an elevator with the investor of your dreams…
Cash is the fuel of every startup. Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go…
“Will the dogs eat the dog food?” This rather crude expression weighs heavily on the mind of all good startup founders, no matter how confident they appear. We all know…
If you want people to invest in your idea, my advice is to write a simple business plan. Don't confuse your business plan with a doctoral thesis or the back…
A lot of entrepreneurs contact us to see if we can send them a business plan template. Frankly, we're flattered that you think we're smart enough to create The One…
Even though I love technology, I always cringe when an entrepreneur starts his pitch by touting his new technology. He has forgotten that new technologies are perceived by most customers…
