Posts Tagged venture funding
Entrepreneurs – Business Plans Are Not Developed For Your Investors!
Posted by Hieu Trung in Entrepreneurship on April 28, 2009
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.