A perennial question in start up territory is whether or not you need a business plan? If not now, when? Where funding is needed, it is extremely rare to almost never that businesses get funded without presenting their plan, whether it’s boiled down to 5-slides or not. It’s worth repeating…extremely rare to almost never. The old cocktail napkin story…I love Joe Wallin’s start up law blog. Here’s a great guest post by Bryan Brewer of Business Plans Northwest. Having a plan in your head, without the data to support your thinking does not make for good strategy, effective use of resources or ongoing decision making. So the question really becomes, have you sold yourself on the strategy for making your ideas happen? Or are you still thinking and talking about it?
My colleague, Marcus Tarrant, developer of HyperQuestions technology is out at DEMO12 and will be doing a Business Planning Masterclass on Friday in Silicon Valley. For self-directed entrepreneurs, start ups (including internal ones), founders and small businesses looking to expand, with a million and one things on your plate, this 1-day workshop is a cure for the attention deficit your having about getting the investment grade plan done. We are fortunate to have Marcus in Philadelphia next week for another event. Here is a special discount registration for the Philadelphia event. We’re on a mission to get 50-100 investment grade plans done in Philly using breakthrough focusing and strategic planning technology called HyperQuestions. Typical investment grade plans run into the thousands. On the business planning front, the technology is disruptive. Top consultants, accounting firms and law firms are benefiting from cost efficiencies gained from internal process innovation. While start ups are raising capital with their investment grade plans, benefiting from direct access to a strategic business planning tool that puts six and seven figure strategic support right at your finger tips.