Many years ago at the University of Texas at Austin, I was a judge for a business plan competition. There were 3 venture capitalists and me on the panel. The odd thing that struck me was that every team at some point stated, “We’re going to do a million dollars our first year.” Hmmm… I…
Infographics for Entrepreneurs One of the things we recommend in our BizPlanBuilder business planning system is the use of infographics to illustrate market research. It’s a way of getting around those $3,000+ market research reports. Just search “infographic keyword keyword keyword” and you’ll get screen after screen of amazing content to use in your business…
The other day, I got a call from one of our investors / advisors… Rob Kramarz at Intelliversity.org He had a question about using one of our 5-year financial model templates with a client. (As an investor himself, Rob also helps entrepreneurs raise capital.) And he uses Business Power Tools and our BizPlanBuilder to get…
It’s OK to Have Risks… Investors Expect Risks! We usually don’t want to talk about risks in our business because it diminishes our opportunity for raising capital, growing, or selling it. To build trust and maintain your credibility as a smart, flexible business executive, it’s better to acknowledge what can go wrong upfront and describe…
There’s a story of a lady who took her son to see Mahatma Gandhi… Once on the schedule for the appointment, she and her son waited all day. Finally, she and her son got to meet the man. Her request was simple: “Mr. Gandhi, Please tell my son to stop eating sweets,” she asked. Gandhi…
