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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. 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.

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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. You need an investor, and want a document to mass-mail to everyone.

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Don’t Let Too Many Features Ruin Your Next Product

Startup Professionals Musings

The solution is to do the right job up front on requirements, document and approve specifications, and have the toughest person you know do the project management. Here are five basic rules to live by: Document the requirements. In all documents, clearly define who must sign off on content and provide business-side feedback.

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More Features Kill More Startups Than Lack of Money

Startup Professionals Musings

The solution is to do the right job up front on requirements, document and approve specifications, and have the toughest person you know do the project management. Here are five basic rules to live by: Document the requirements. In all documents, clearly define who must sign off on content and provide business-side feedback.

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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. I suggest you use social media, blogging, crowdfunding, or documented research to quantify a real demand from people who can afford it, and don’t have a better alternative already out there.

Ideas 94
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7 Shortcuts That Can Kill A Startup Business

Startup Professionals Musings

I’m not suggesting that any startup needs to demand perfection, but I do recommend that all learn and follow common business practices from the beginning. I’m not suggesting that formal legal documents are always required, but agreements without some paper or email trail are easily forgotten or misconstrued.

Startup 62
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Five Rules to Prevent Startup Project Scope Creep

Startup Professionals Musings

The solution is to do the right job up front on requirements, document and approve specifications, and have the toughest person you know do the project management. Here are five basic rules to live by: Document the requirements. In all documents, clearly define who must sign off on content and provide business-side feedback.