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Purveyors of conventional wisdom would have you believe that the very first thing you ought to do when setting up a new business is to create a business plan. It doesn't matter whether you are selling odds and ends on eBay from your living room or something larger and more complex, Business plans are
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Business Plan BasicsByWilliam CateFew business plans are well written. It's why reviewers rarely read beyond the first page of the Executive Summary. It's why Venture Capital Firms can review over ten thousand business plans and fund only one.Since the DotCom Bubble burst, professional money's Prime Directive is "Cashflow Now." The corollary to this Directive
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More and more students, both in undergraduate and graduate institutions, are deciding to launch their own ventures upon graduation rather than taking the traditional route of working for another firm. Likewise, more and more individuals are leaving their jobs to fulfill their entrepreneurial dreams.While these ventures may ultimately be very successful (e.g., Google and
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