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anne bradstreet contemplations summary and analysis
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... argument of venture capitalists, angel financiers, and institutional investors is that without a sound business plan, it is impossible to envision a sound business. One financier puts it this strongly:
What constantly amazes me, is that knowing this, so few early stage entrepreneurs market their startup effectively. The business plan, executive summary, and financing pitch are the ultimate marketing tools. Marketing your startup successfully results in getting optimal investors, more favorable financing terms, outstanding executives, committed customers, basically a shot at success in today’s extremely competitive market.
Indeed, most commentators on venture capital make the same argument. It is very difficult, if not impossible, ...
... can make good concepts fail -- and quickly. In fact, some venture capitalists like to say that they invest in people, not products or even ideas. Regardless, the team always needs a solid business plan that shows the purpose of the business, how the product or service is expected to work, a market analysis, a competitor analysis, a marketing strategy, a resume for the people that will make up the management team, and detailed financial information.
So if an entrepreneur wants outside financing, she definitely needs a business plan. “If you need to raise funds for your venture, it goes without saying that you'll have ...
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