Are Business Plans Really Dead?

…. Use Alex Osterwalder’s fabulous, simple business model canvas to identify and write down your fantasies and guesses about what the repeatable, scalable, profitable business might look like. And use the two months you save by not writing a business plan to « get out of the building » and replace your guesses with real facts based on feedback from real customers… ->

https://www.linkedin.com/today/post/article/20131030145223-7979133-are-business-plans-really-dead?utm_content=buffer59e5e&utm_source=buffer&utm_medium=twitter&utm_campaign=Buffer&_mSplash=1

« @Leanpreneur: Are Business Plan really dead? http://t.co/omlLhCmabY by @bobdorf #custdev » #sgblank Startup owner manual
(https://twitter.com/YanThoinet/status/396255629477969920)

BusinessPlan

5 Rules of Thumb for Startup Financial Projections

5 Rules of Thumb for Startup Financial Projections Marty Zwilling

Quote: « Most entrepreneurs struggle with financial projections, not wanting to commit to numbers they can’t deliver, and having no clue what investors might consider reasonable. However, making no projections, or non-credible projections will get your startup marked as unfundable. I recommend a simple set of guidelines, which work for at least 80 percent of the business plans I see

The rules are obviously not absolute, but you must be prepared to explain to potential investors why your startup is the exception to these guidelines:

  • Five-year financial projections are the norm
  • Aggressive revenue projections and growth rate.
  • Gross margins greater than 50 percent.
  • Show red ink to match your funding request.
  • Build a path to 10x return »

Details here : http://m.huffpost.com/us/entry/3343099?utm_hp_ref=tw