The Business Plan is Your Recipe for Success
I realized a while back that creating a new company for the first time is a lot like whipping up a great dinner entree for the first time – you…
I realized a while back that creating a new company for the first time is a lot like whipping up a great dinner entree for the first time – you…
Every investor gets pitched with at least ten “hot ideas” for every one actual “plan” for a viable business. That’s why I often say that ideas are worth nothing until…
After laboring to create your business plan for months, every entrepreneur likes to think that their document is inspirational and will inspire someone who is smart enough to see the…
What is an Executive Summary? The executive summary is the first section of your business plan. As the name implies, its purpose is to give the reader a brief overview…
You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. There…
Before you, as an entrepreneur, can hope to successfully start a new business, you need to set some goals and milestones to lead the way. It’s easy to talk in…
Some entrepreneurs start pitching venture capitalists for that multi-million dollar investment before they even have a business plan. That’s like trying to sell part of something to a stranger for…
Too many entrepreneurs still believe the urban legend that you can sketch your idea on a napkin, and investors will throw money at you. Every investor I know is frustrated…
Sometimes I see a startup business plan with a credible “mission” to be the “premier brand” for their product, with a less than credible or trivial marketing budget in the…
Startup Funding is a Binary Event In the binary language of computers, a zero represents the "off" state and a one represents the "on" state. When I say that funding…