I’m delighted that the latest version of LivePlan now includes what we’re calling the Scoreboard, meaning the best-yet positive step on the way to what business planning is really supposed to be, today, which is a tool for managing a company. This step is classically simple: two visuals only, one for sales and the other [...]
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This video from CBS contradicts much of my thinking on this subject: how federal, state, and local governments can boost small business and entrepreneurship. Watch it and see what you think: What I like about it is the quick rotation through real people, real business owners, making specific and concrete suggestions. It’s also nice that [...]
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So how cool is this? The Startup America Partnership is offering a collection of real business tools and resources, mostly web-based, to help startups and small businesses do better. This is the White-House-sponsored small business program announced a year ago. Here’s what I wrote then on may main blog: The Obama White House [Feb. 1, [...]
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January of 1995. Few people knew of the Internet, Mozilla, and the world-wide web. The so-called “Internet” had existed for years, but seemed to the rest of us (anybody outside of a few spook havens and ivory towers) like a nerdy background utility for emails. And I started bplans.com. I hope you’ve noticed big changes [...]
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I wrote a post with this title more than four years ago. Today, a good day for reflection and looking back as we welcome a new year, I want to revisit the basic truth in the title of this post, and point out what that really means. Why are plans always wrong? Because they predict [...]
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One of the biggest barriers to better business planning is the horribly mistaken and disappointedly common myth that develop a business plan takes months. That’s just wrong. And harmful, too, because it pushes away people who could use planning, but don’t because it takes too much effort. They think. In the real world, where good [...]
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Are you looking to build your own business? Go out on your own? Sadly, we tend to overemphasize the high-end process of developing a plan and then getting investment, while the vast majority of real businesses are self funded. I saw a Wells Fargo study that concluded the average cost of a startup is $10,000. [...]
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I like this excellent 3-minute video by Paul Kedrosky, venture capitalist, thinker, and Kauffman fellow. Here’s a summary: In “Money Game,” Kedrosky breaks down the various methods that entrepreneurs use to raise capital for new ventures, as well as the benefits–and hazards–tied to each. While entrepreneurs’ greatest source of capital is personal savings, Kedrosky says [...]
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