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Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

Based on my experience as an investor and mentor to aspiring entrepreneurs in Silicon Valley and elsewhere, one of the quickest ways to kill your credibility and your startup is to offer a poorly written business plan, or none at all. Of course, if you don’t yet understand all the elements, it’s time to learn.

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Here Is When Your New Business Needs A Written Plan

Startup Professionals Musings

Based on my experience as an investor and mentor to aspiring entrepreneurs in Silicon Valley and elsewhere, one of the quickest ways to kill your credibility and your startup is to offer a poorly written business plan, or none at all. Of course, if you don’t yet understand all the elements, it’s time to learn.

Sample 137
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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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Every Startup Goes Through Distinctive Funding Phases

Startup Professionals Musings

The first step toward a business with any idea is to write it down, and build a business plan around it. If you need help at this stage, look for a local university teaching online courses on entrepreneurship , or how to build a business plan. Let’s take a look here some similar stages from a support perspective: Idea stage.

Startup 122
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6 Practical Keys To Enhancing Your Business Acumen

Startup Professionals Musings

You don’t really understand a new idea, until you try to write it down and succinctly communicate it to peers and critics. Even the best have mentors they really use. A mentor is someone who will tell you what you need to hear, while friends and associates often tell you what you want to hear.

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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. In fact, they are probably in such a hurry to give you money that they don’t want you to waste time writing anything down and passing it along to new investors.

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How I Got the Monkey Off My Back – Today Was a Good Day

Both Sides of the Table

As a result I didn’t write my first venture capital check until March 2009 – exactly 5 years ago. I divided success into the phases of venture capital and 18 months into writing my first check here was my view (details on each in the link above). Sourcing high-quality leads : 9/10. The monkey on my back. ” Yup.