Business Plan

What Should You Do When An Investor Asks You For A Business Plan?

Dan Shapiro has an excellent post up titled What to do when an investor asks you for your business plan. In it he addresses something we missed in Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. In the section where we discuss business plans, we say: “We haven’t read a business plan in…

Hints on Executive Summaries

Sim Simeonov from Polaris Venture Partners has the best post of the day with his post titled For the MIT 100K Participants: Executives Summaries.  In it, he shares some of his thoughts on how VC’s engage with executive summaries.  Hint – they don’t cuddle up to them before they fall asleep at night.

Should I Send My Business Plan to a VC?

Q: I just read your column in the January Issue of Entrepreneur and I had a follow up question.  I am at the very beginning point of putting together my business plan.  I have just started writing it and am fleshing out exactly how I envision the company running and what customer base I would…

How Do I Create Projections For My New Web Service?

Question: How do I come up with projections of a web service that is not being done yet?  I know make it up. Actually, please don’t just make it up. That’s a waste of your time.  In answering this question, I’m going to assume that you haven’t built your new web service yet and you don’t…

Should You Hire Someone To Write Your Business Plan?

I co-own a startup company recently founded between myself and a partner.  Neither of us have the core skills to write a clear and coherent business plan.  However, we have very forward vision, goals, built-up clients and community, a strong advisory panel and all around great prospects.  What would you advise we do, if not…