Browsing Tag business plan

Why Startups Need To Make Their Business Plan Simple

By Martin at November 27, 2013 | 8:17 am | 0 Comment

Why Startups Need To Make Their Business Plan Simple

If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Don't confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short. For minimum content, see my article “These 10 Key Elements Make a Business Plan more...

BizIdeas , entrepreneurship

How To Avoid Writing A Business Plan First

By Martin at November 16, 2013 | 8:51 am | 0 Comment

How To Avoid Writing A Business Plan First

How To Avoid Writing A Business Plan First If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. More and more professionals agree that a better strategy is to explore and fine tune your assumptions before declaring a specific plan with financial more...

BizIdeas , entrepreneurship

Business Plan Tips For Entrepreneurs

By Martin at August 20, 2013 | 8:12 am | 0 Comment

Business Plan Tips For Entrepreneurs

Too many entrepreneurs still believe the urban myth that you can sketch your idea on a napkin, and investors will throw money at you. Every investor I know is frustrated with the poor quality of the business plans they get. This is sad, since “how to write a business plan” is a frequent topic found in every business journal, and a common title in the business section more...

BizIdeas , entrepreneurship

Does Every Entrepreneur Need A Business Plan?

By Martin at June 15, 2013 | 8:52 am | 0 Comment

Does Every Entrepreneur Need A Business Plan?

On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. They cite sources like a recent BusinessWeek story, “Real Entrepreneurs Don’t Write Business Plans” and this NY Times article. From my perspective as a professional investor and long-time advisor to entrepreneurs, much of this urban legend advice is just more...

BizIdeas , entrepreneurship

Smart Tips For Making A Business Plan For Your Startup

By Martin at October 19, 2012 | 8:44 am | 0 Comment

Smart Tips For Making A Business Plan For Your Startup

If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Don't confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short. The overriding principle is that your business plan must be easy to read. This means writing at the more...

BizIdeas , entrepreneurship

Ten Slides You Need During Investor Presentation

By Martin at August 28, 2012 | 10:23 am | 0 Comment

Ten Slides You Need During Investor Presentation

As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Even if you have an hour booked, the advice is the same. I’ve more...

BizIdeas , entrepreneurship , ,

Smart Tips To Make A Good Product Plan For Your Startup

By admin at August 21, 2012 | 8:23 am | 0 Comment

Smart Tips To Make A Good Product Plan For Your Startup

Smart Tips To Make A Good Product Plan For Your Startup Why is it that most of the business plans I see are really product plans? I define a product plan as a detailed description of your product or service, with a bit of business thrown in at the end. A business plan is a detailed description of your business, with a bit of product description thrown in near the more...

BizIdeas , entrepreneurship ,

Tips To Build A Successful Business Plan

By Martin at August 14, 2012 | 8:31 am | 0 Comment

Tips To Build A Successful Business Plan

Tips To Build A Successful Business Plan People ask me if they really need ANY business plan, unless they are looking for an outside investor. 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 more...

BizIdeas , entrepreneurship

How To: Make Perfect Executive Summary For Your Startups

By Martin at April 10, 2012 | 10:56 am | 0 Comment

How To: Make Perfect Executive Summary For Your Startups

Modern investors love to first read a two-page summary of your business plan, formatted like a glossy marketing collateral sheet, with text well laid out in columns and sidebars, and a couple of relevant graphics. This one had better grab their attention, or they won’t look further. You may have already found several articles, web pages, or books about writing the more...

BizIdeas , entrepreneurship ,

10 Key Mistakes To Avoid While Sending A Business Plan To Investor

By Martin at April 3, 2012 | 8:12 am | 0 Comment

10 Key  Mistakes To Avoid While Sending A Business Plan To  Investor

10 Key Mistakes To Avoid While Sending A Business Plan To Investor After struggling to create your business plan for months, every entrepreneur likes to think that their document is inspirational and will reach someone who is smart enough to see the brilliance of the idea, intuitive enough to recognize their business acumen, and enthusiastic enough to offer the more...

BizIdeas , entrepreneurship