Larkland Morley’s Professional Blog

I had a shock tonight when I ran into a study that says that most times business plans are no use to getting funding from venture capitalist. Wow, this is earth shattering.

Why is this the case? It seem from what the study is saying that knowing the funders actually helps more with ultimately getting funding.

Here is what I summarize from this.

1. Focus on networking to launch your new business. Find out where VCs hang out and make effort to meet them and make bounds.

2. Still do your business plan as that would help you organize your business and convince you that the end game will be good. The exercise is necessary to have a viable business anyway.

You can read more about the study here.

One Response to 'Wasting your time with Business Plan?'

Subscribe to comments with RSS or TrackBack to 'Wasting your time with Business Plan?'.

1. Thanks for sharing! A business plan will serve as your game plan however there are also many factors that you have to remember if you want your business to succeed. Remember that success is not by chance , it’s by choice!

   

   Making The Best Better Team

   3 Jul 09 at 7:35 am

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website