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Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

But, for the rest of us, don’t believe the Silicon Valley myth that all you have to do is sketch your million-dollar idea on the back of a napkin, and investors will line up to give you money. 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 102
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Here Is When Your New Business Needs A Written Plan

Startup Professionals Musings

But, for the rest of us, don’t believe the Silicon Valley myth that all you have to do is sketch your million-dollar idea on the back of a napkin, and investors will line up to give you money. 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.

Sample 137
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Every Startup Goes Through Distinctive Funding Phases

Startup Professionals Musings

Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). Let’s take a look here some similar stages from a support perspective: Idea stage. The first step toward a business with any idea is to write it down, and build a business plan around it.

Startup 122
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6 Practical Keys To Enhancing Your Business Acumen

Startup Professionals Musings

Kevin Cope, in his classic book “ Seeing the Big Picture ”, does a great job of outlining the basics of business acumen for executives, and helped me assimilate some practical ideas on building the essential elements for entrepreneurs: Reserve time daily to research the market, as well as technology.

Mentor 139
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How To Find Support Resources For Your Startup Stage

Startup Professionals Musings

Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). Let’s take a look here some similar stages from a support perspective: Idea stage. The first step toward a business with any idea is to write it down, and build a business plan around it.

Resource 171
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7 Steps To Greater Satisfaction As A New Entrepreneur

Startup Professionals Musings

In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. In my view, practical business courses in school are better than an advanced degree or MBA. You can win as a team.

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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. They can iterate and evolve their business idea with a low burn rate and minimal dependencies. Writing it down promotes both understanding and commitment.