Larkland Morley's Professional Blog » make money http://www.larklandmorley.com Business and Technology Highlights Sun, 29 Jan 2012 22:11:20 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Wasting your time with Business Plan? http://www.larklandmorley.com/2009/04/12/wasting-your-time-with-business-plan/ http://www.larklandmorley.com/2009/04/12/wasting-your-time-with-business-plan/#comments Sun, 12 Apr 2009 03:54:18 +0000 Larkland http://www.larklandmorley.com/?p=38 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.

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