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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. Most of these scenarios involve attracting outside investors, strategic partners, or key team members: You are the team and you don’t need outside funding.

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How To Save Money In Business: 10 Tips For Young Entrepreneurs

YoungUpstarts

Small businesses and young entrepreneurs are in a difficult position in the market. Capital can be hard to come by when you’re a starting young entrepreneur. If your partner is your roommate, you don’t even have to find a space (yet). If you haven’t been able to save up for your capital, consider bootstrapping your business.

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Top Startup Winner: Balodana

The Startup Magazine

The event presenter, FUND, is a national connector of entrepreneurs, VCs, angel investors, and industry experts with a focus on deal flow and making connections. The FUND Conference brings together over 100 startups to present their early-stage products and pitches in front of hundreds of investors and industry leaders.

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5 Venture Periods Call For Unique Funding Strategies

Startup Professionals Musings

For example, if you have a proven product, real revenue, a big potential market, and are ready to scale up the business, every investor will be interested. On the other hand, if you are a new entrepreneur, still in the idea stage, professional investors will only tell you to come back later when you have traction (customers and revenue).

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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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The Entrepreneur’s Essentials #8: Bootstrap or VC?

Austin Startup

As I mentioned at the beginning of this series/ebook, over the years I’ve noticed that I tend to frequently share certain Lucky7 posts with entrepreneurs we’ve backed , team members at data.world, or other startup investors I know. So I’m packaging the best of them up for you here in a new series called The Entrepreneur’s Essentials.

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5 Keys To Taking An Idea From A Vision To A Solution

Startup Professionals Musings

A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen, with a pitch on their current “million dollar idea.” Theirs is not the autocratic style of leadership, which tells people what to do and dominates them, but a style which treats partners, investors, and customers as family.