I’m amazed how often I still get emails asking me to either write a business plan or recommend a business plan writer for somebody who has a great idea and mistakenly thinks having a business plan done for them, by a supposed expert, will sell that idea to investors. Sorry, it just isn’t so. Your [...]
Having just completed my spring business plan season — three big business plan contests and our angel group investment — I think it’s a good time to poke some holes in several damaging and far-too-common myths about startups.
I was happy to pick up this quick piece from Jeff Bezos last month on Business Insider. Jeff, founder of Amazon.com, ought to know. In Business Insider’s Instant MBA series, Jeff says Business Plans Are Important and Necessary. He says it’s not about being right and guessing the future correctly. It’s about guiding your business [...]
I stumbled on this short video from ABC with Susan Solovic talking about the business plan for starting a new business. It’s a few months old now, but it’s also a really good summary of why and how you want to have a business plan for a startup, and what that plan should include. If [...]
While speaking at Entrepreneur magazine’s Growth Conference in Atlanta this week, I spoke to small business owners in a talk I’m calling 3 Weeks to Startup after the book that I co-authored. I went over the basic assumptions behind starting a business in three weeks – that it’s a tight schedule, and very quick, but [...]
Talking about starting a business? Before you start the talking, identify yourself and your business on this scale. It makes a huge difference. Try to choose one of three possible choices, the one that most applies to you and your business. Just get going: you don’t need anybody’s approval except possibly your first customer or [...]
Yes, you could win good money and travel benefits, but you have to get your act together soon. Entries close August 20. Click here to enter. This is the Marriott’s Fairfield Inn & Suites $20,000 Small Business Challenge, which is, apparently, exactly what the headline suggests: a chance to win some money, plus some travel [...]
I’m quoted a lot in “Writing a Business Plan: 5 Things You Need to Know” by Charlotte Jensen on the AOL Small Business site this morning. Those 5 things are: Chances are, you need a plan. Business planning should be ongoing. Review your plan on a regular basis. Don’t complicate things. Even a good plan [...]
Gulp. Business planning for the rest of us, in less than four minutes? It was fun to do, great exposure and, what the heck, I at least tried to keep it short. For the rest of us, in this case, means all of those businesses that aren’t entering a business plan competition, don’t need to [...]
This good short video on writing a business plan came out over the weekend on Bloomberg: Your Money’s Engage Today segment. It seems nicely done to me, a good summary: If you don’t see the video here, you can click this link to go directly to the Bloomberg site.