article thumbnail

8 Sure Signs Of Self-Doubt In Starting Your Business

Startup Professionals Musings

In my experience as a mentor to entrepreneurs, I find that self-doubt and lack of confidence are the primary constraints people have to overcome to move ahead. He writes from first-hand experience, and is now a recognized business leader, motivational speaker, and mentor to many entrepreneurs.

Mentor 134
article thumbnail

7 Scenarios Where A Business Plan Is Still An Asset

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans take too much time, are inaccurate, and rarely add value. The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Tips For New Entrepreneurs Needing Investor Funding

Startup Professionals Musings

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. A perfect size is ten slides, with the right content, that can be covered in ten minutes. Investor and strategic partner pitch. Written business plan.

article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. Writing down key parameters will force you solidify the specifics, and mentally commit to them. Present at trade shows and network with your ten-slide pitch to build your following.

Ideas 94
article thumbnail

5 Startup Steps That Prove You Are Ready To Execute

Startup Professionals Musings

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. A perfect size is ten slides, with the right content, that can be covered in ten minutes. Investor and strategic partner pitch. Written business plan.

Startup 104
article thumbnail

A Perspective On When A Business Plan Adds Value

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans are a waste of time. They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article. Writing it down promotes both understanding and commitment.

article thumbnail

7 Plan Elements That Separate Businesses From Hobbies

Startup Professionals Musings

Based on my experience as an angel investor and a mentor to dozens of entrepreneurs, having no business plan is the quickest way to define yourself as just a dreamer, or at best a hobbyist. If you don’t have the time to write things down, or your writing skills leave something to be desired, don’t be afraid to get some help.

Startup 65