Gust

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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. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Going public” (IPO) is another alternative, but not common.

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Don’t Let Investors Conclude Your Startup Is A Hobby

Gust

I’m continually amazed at the number of entrepreneurs who go for months into a new business without really keeping a formal record of money spent or assets acquired. Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Develop your business plan.

Startup 187
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How do US venture capital firms view an entrepreneur who decides to go for funding to the US with a business plan, and then will need a visa?

Gust

The most important is that venture capital firms simply do not fund business plans. Invested Interests business plan entrepreneurs startups US venture capital firms visa' The disappointing fact is that this is a highly, highly unlikely scenario, for several reasons. They fund companies.

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Gust Blog - Thoughts on startups by investors that fund them

Gust

Thoughts on startups by investors that fund them & entrepreneurs that run them. And no life is more of a constant negotiation than that of an entrepreneur. Entrepreneurs: Don’t Quit Your Real Job Too Early. 10 Things I Look for When Reading a Business Plan. Investors: Sign up Entrepreneurs: Get started.

Startup 180
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Build Entrepreneur Credentials Early and Wisely

Gust

Many believe that entrepreneurs are born, not made. While I agree that successful company builders usually have a natural inclination to be entrepreneurs, a good education helps polish that apple. Of course, there’s no law saying you have to go to college to start a business. Build a business plan early on.

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Practice Entrepreneur Integrity As Seen By Others

Gust

As an entrepreneur, your personal integrity is critical for getting and keeping the support of investors and team members, and your company’s integrity is critical for getting and keeping customers and vendors. As an entrepreneur, when you are late with a committed business plan or meeting with an investor, you lose integrity.

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Entrepreneurs Relish The Challenge More Than Money

Gust

Over the years, I’ve had the privilege of working with some of the best entrepreneurs in Silicon Valley and elsewhere. On the average, the entrepreneurs I know are living on Ramen noodles. I’ve never known any successful entrepreneurs or investors who were not happy to share their insights. Read entrepreneur stories.