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Startups Without Business Plans Are Expensive Hobbies

Startup Professionals Musings

There really is no excuse these days, with samples on the Internet, business-plan books in every bookstore, and dozens of apps to automate the process.

10 Startup Priorities May Negate The Business Plan

Startup Professionals Musings

In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial. Marty Zwilling.

Business Plans Are An Historical Artifact

Feld Thoughts

This article ( Business Plans Are An Historical Artifact )  first appeared last week in the Wall Street Journal The Accelerators Column , which I’m contributing to on a regular basis. . Timmons’ classic book “New Venture Creation” and the course ended with the submission of a written business plan.

Resources for Entrepreneurs Writing a Business Plan

Up and Running

Writing a business plan can seem intimidating. If you aren’t solving a problem for your customers, you don’t have a business.

Why Startup Product Plans Make Poor Business Plans

Startup Professionals Musings

Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

How to Write a Business Plan

Up and Running

You’ve reviewed what a business plan is , and why you need one to start and grow your business. Marketing and Sales Plan.

What Type of Business Plan Do I Need?

Up and Running

Unsure what kind of business plan you need? And also, what real business owners want—lean business plans for better management.

These 10 Key Elements Make a Business Plan Fundable

Gust

People ask me if they really need ANY business plan, unless they are looking for an outside investor. Explain the business model.

How Many Entrepreneurs Really Need a Business Plan?

Startup Professionals Musings

On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. Marty Zwilling.

10 Tips to the Simplest But Effective Business Plan

Startup Professionals Musings

If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Use it. It won’t work.

These 10 Key Elements Make a Business Plan Fundable

Startup Professionals Musings

People ask me if they really need ANY business plan, unless they are looking for an outside investor. Explain the business model.

Is business planning pointless?

Up and Running

It’s a common refrain these days, voiced by “experts” and busy entrepreneurs: business plans and business planning are pointless.

Protect Your Business Plan Like It’s Your Baby—Here’s How

Up and Running

We all want the best for our babies—and our business plans! Most often, business plans are used to raise money and acquire talent. 

IP 42

Blowing up the Business Plan at U.C. Berkeley Haas Business School

Steve Blank

Berkeley Haas Business School is a leader in entrepreneurship education. It has replaced how to write a business plan with hands-on Lean Startup methods. The final deliverable for that class was a 30-page business plan. We had multiple business plan competitions. The Business Plan is Dead.

How and Where to Write About Technology in Your Business Plan

Up and Running

Often, a business plan introduces a new technology that requires some explaining. It’s a business plan, not a term paper or thesis.

Keep Your Business Plan Succinct Yet Impressive

Startup Professionals Musings

If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Use it. It won’t work.

How to Write the Sales and Marketing Section of Your Business Plan

Up and Running

You have to be flexible about a business plan, so take what you can from what we say here and make sure it applies to your business.

How aggressive should your business plan be?

The Equity Kicker

He’s got a great business and I think he will get his round away, but he felt that he was losing some potential investors because they weren’t buying into the upside of his story. He’s low-key and likes to present plans he feels sure he can deliver, and he has a tendency to caveat the upside. Startup general interes

Begin with the End in Mind: Include Your Business Exit in Your Business Plan

Up and Running

While some entrepreneurs think it’s unnecessary to write a business plan—especially if outside financing is not needed—I highly disagree.

Entrepreneurs Confuse Product and Business Plans

Startup Professionals Musings

Why is it that most of the business plans I see are really product plans? It’s definitely positive to have a product plan.

What Makes a Successful Business Plan?

Up and Running

Every year, I spend a lot of time reading and judging  business plans for business plan competitions.

What Makes a Business Plan More than Just Strategy and Wishful Thinking?

Up and Running

What’s the value of a business plan? How do you build decisions and action into your business plan? Decisions. Action.

Episode 9: Lean Business Planning with Tim Berry | The Bcast

Up and Running

Listen to Episode 9: Show notes: What is Lean Planning? – Free Download: The One Page Business Pitch Template. Business is reality.

Ten Top Investor Turnoffs Around Business Plans

Startup Professionals Musings

Many VC firms and investment banks receive as many as ten plans per day, so it’s hard to get them salivating. Send the plan without a summary.

How to use your business plan

Up and Running

He defines the elevator pitch, video pitch, executive summary, PowerPoint presentation, and business plan as different forms.

No One Wins In Business Plan Competitions

Steve Blank

Last week one of the schools I teach at invited me to judge a business plan contest. Business Plan Versus Business Models.

Why are Good Business Plans So Rare These Days?

Startup Professionals Musings

Too many entrepreneurs still believe the urban myth that you can sketch your idea on a napkin, and investors will throw money at you.

Investors Expect Ten Essentials in a Business Plan

Startup Professionals Musings

People ask me if they really need ANY business plan, unless they are looking for an outside investor. Explain the business model.

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving.

Pull Investors to Your Business Plan With a Summary

Startup Professionals Musings

Most likely, the investor has already seen multiple plans with similar solutions. Business model. Market size and growth opportunity.

10 Reasons Not To Write A Business Plan First

Startup Professionals Musings

In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial.

Highlighting Risks in Your Business Plan Will Help You Get Funding

Up and Running

One of the areas constantly dismissed by business owners in their business plan is an articulation of the risks in the business.

Why Even Silicon Valley Entrepreneurs Need a Business Plan

Up and Running

Dejected, Richard goes home and starts reading about business planning on Wikipedia. You have to prove your business model.

Small Business and Startups: The 3-Page Business Plan (and a short post to match!)

crowdSPRING Blog

Well, it’s been a while since we last explored the topic of business plans and plenty has changed. Business Summary. Redux.

The Science of Success Through Business Planning

Up and Running

If you’re seeking funding or looking to start a business, you need a business plan. This is why you MUST write a business plan.

Why Business Plan Writers Are a Waste of Money

Up and Running

I’ve been quite vocal with my concern that farming your business plan out is usually a bad idea. See Also: How to Write a Business Plan.

Business Plan Financial Forecasts Test Your Savvy

Startup Professionals Musings

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future.

10 Entrepreneur Approaches That Turn Off Investors

Startup Professionals Musings

Others will work hard on a business plan, and then mail it indiscriminately to every potential investor they can find on the Internet.

Business Plan Financial Models are Not Black Magic

Startup Professionals Musings

Most entrepreneurs tend to avoid this area of the business, and as a result are badly surprised by cost realities, and investor expectations.

Fall In Love With Your Business, Not Your Business Plan

OnStartups

My feelins on business plans varies: from extreme dislike to just mild irritation. Business plans are energy-depleting exercises.