skip to main | skip to sidebar 10 August 2009 The Business Plan is Dead; Long Live the Business Plan! Recently, there has been some heated debate in the web startup world about whether developing a business plan is really necessary. Why is now the right time to start this business? Recommended. MORE >>

When launching a new business, relying too heavily on the details of your business plan can actually lead to failure. What these plans lack is information gained from dealing with actual customers. good bootstrapping startup strategy is to start small and start simple. Adapt, based on what you learn. MORE >>

Part of this work involves assessing whether a company is “fundable&# given its current stage of development, traction and business plan. Fundraising essentially becomes a full time job, and can easily become a distraction for founders who should be focused on growing their businesses. VCs fund businesses, not concepts. MORE >>

(I posted this about two years ago on  Small Business Trends. They were asking me because after 22 years of bootstrapping, my wife Vange and I own a business that has 45 employees now, multimillion dollar sales, market leadership in its segment, no outside investors, and no debt. In our case it was business planning software. MORE >>

It’s the question that everybody starting a small business asks. Do I need outside funding or can I bootstrap my business. Most businesses are actually financed by home equity or private savings. And unlike investment money, borrowing will depend on collateral and guarantees over business ideas. MORE >>