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Is it your brilliant plan or your execution?

Berkonomics

My experience personally reviewing over three hundred executive summaries each year, all sent to me unsolicited, seems to bear out the truth in Tyson’s statement. We should celebrate entrepreneurs and managers who recognize the need to pivot when a plan fails to gain traction in the marketplace. And credit Savant Tyson for the insight.

Summary 156
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It’s mostly in the execution.

Berkonomics

My experience personally reviewing over three hundred executive summaries each year, all sent to me unsolicited, seems to bear out the truth in Tyson’s statement. “Everybody’s got a plan – until they are punched in the face,” stated boxer Mike Tyson. Anyone can build a good – or great – plan.

Startup 245
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When Did Profit Become A Bad Word For Entrepreneurs?

Startup Professionals Musings

As a startup advisor and investor, I find that more and more entrepreneurs avoid using the term “profit” in pitching their new venture. Thus I was pleased and a bit surprised to see a new book, “ The Purpose Is Profit ,” by Ed “Skip” McLaughlin, an entrepreneur who has both succeeded and failed in starting multiple businesses.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Or if you’re a VC raising from LPs you have to list all of your deals, your investment value, your carrying value, your multiples, your IRRs, TVPIs, DPIs, etc along with net cashflows plus your previous LPAs. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.”

Funding 336
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Ten Tips for an Investment-Grade Business Plan

Startup Professionals Musings

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Things that make it investment-grade for outside investors will also benefit you, since you are the ultimate investor. Investors invest in people - not just ideas. Executive team.

Invest 74
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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

For a well-funded A or B round company I have recommended “ leveling up ,” which entails many things but in summary I tell people to “act your stage.” One area I’ve had much discussion with the companies in which I’ve invested in is bringing on board an operationally focused CFO. HR & Legal.

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These 10 Key Elements Make a Business Plan Fundable

Startup Professionals Musings

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Things that make it investment-grade for outside investors will also benefit you, since you are the ultimate investor. Investors invest in people - not just ideas. Executive team.