Startup Professionals Musings
SEPTEMBER 12, 2021
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. They cite sources like Profitable Venture Magazine, “ Why Business Plans are a Waste of Time ” and this Forbes article.
Startup Professionals Musings
NOVEMBER 7, 2014
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 funding, and plan to get it from friends and family.
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Startup Professionals Musings
JUNE 14, 2013
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. With bootstrapping, no business plan is expected by anyone.
Startup Professionals Musings
OCTOBER 9, 2023
It’s also valuable to talk to potential investors for their views, even if you are bootstrapping the effort. Plan and execute a pilot or local rollout. Good traction on a limited rollout is great validation of a business model. This may also be a great source for leads as a key part of that final rollout and scale-up effort.
The Startup Magazine
MARCH 21, 2022
When you start a company, one of the most vital items you’ll need is a business plan. A well-executed business plan may assist you in obtaining financial backing from investors or banks. We’ll go through the process of writing a business plan that receives funding in this lesson. Bootstrapping.
Startup Professionals Musings
JANUARY 30, 2021
It’s also valuable to talk to potential investors for their views, even if you are bootstrapping the effort. Plan and execute a pilot or local rollout. Good traction on a limited rollout is great validation of a business model. This may also be a great source for leads as a key part of that final rollout and scale-up effort.
Startup Professionals Musings
JUNE 11, 2022
For a nonprofit, bootstrapping is self-funding from donations and fund-raising. You still start the process with a business plan, but then you look for a philanthropist rather than an investor. What options do they have available to them, since they can’t sell a share of the company (no equity investment)?
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