Today many entrepreneurs complain that their potential investors do not read their business plans.  With an average of over 300 hours of effort required to develop a complete business plan, do they have a point?  I say no!  The real purpose of a business plan is to properly prepare the entrepreneur, with the appropriate background information to raise money for their start-up and not to educate the investors about their company.  This article outlines my reasoning behind this argument.

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Tags: entrepreneur, venture funding