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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. They cite sources like Profitable Venture Magazine, “ Why Business Plans are a Waste of Time ” and this Forbes article.

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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 funding, and plan to get it from friends and family.

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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. 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.

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How to Write a Business Plan That Gets Funding: The Ultimate Guide

The Startup Magazine

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.

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6 Realistic Tactics For Funding Charitable Businesses

Startup Professionals Musings

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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7 Indications Your New Venture May Not Be Investable

Startup Professionals Musings

Others may indeed make good family businesses, but are usually deemed not worth investment. These are ones you need to bootstrap, crowdfund or pitch to friends and family. Investors are looking for large opportunities (greater than a billion dollars) with double-digit growth rates. Marginal legality or poor public image.

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8 Keys To Starting A Venture With Minimal Equity Loss

Startup Professionals Musings

If you really want to start a business your way without a boss or professional investor hovering over you, then just fund it yourself or through friends and family, and grow it organically. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down.

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