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All about entrepreneurs
This is a great lecture worth watching from Wharton. It’s 48 minutes long but still pretty condensed and up to the minute. Other important questions are when to write a full blown business plan and why write a business plan but when you do have to have one this will show you how. Another key…
Well most people would start the painful process of writing a business plan right away as they have their first idea for their startup, often taking months, just getting ready because that’s what they are trained to do – polish up word and PowerPoint and hone the idea in their minds and those of their…
Like most people I hate writing business plans, I want to get on with the business at hand rather than keep writing and re-writing lots of words about what I plan to do! This must also be true for many investors too, as they don’t enjoy reading them, they prefer a pitch or PowerPoint! However,…
As you may know I work extensively with 3 of the World’s Top 10 business schools and I regularly have to help MBA’s work on their business plans. In working with them I help them shape their plans and eventually I often have to rate and mark them as part of their course grade! In…
It can be very helpful to know what NOT to write as much as what to include in a plan, especially if you are new to the process. Experienced investors see 100’s plans and it helps to avoid things that would put them off when reading yours. Gerry Lemberg, a very experienced entrepreneur, teacher and…
There are lots of books and software on how to create a business plan, many are mentioned in this blog, however there is no substitute for blood, sweat and tears on this job. Business plans are hard to get right but they are the currency of investors and you need to create the very best…
One thing I have learned about myself as an entrepreneur for over 20 years is that I often get excited about a new idea and when I was younger I would rush off and start working on the idea right away – now that I have the benefit of experience I know that can be…
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