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Business Plan vs Business Model – Which Way To Go?

My view is that the business plan is alive and well for established businesses but startup entrepreneurs would do far better with a business model and a great presentation. Well the likes of Bill Gates (Microsoft), Sam Walton (Wal-Mart), Michael Dell (Dell Computers), Larry Page and Sergey Brinand (Google), Steve Jobs and Steven Wozniak (Apple) and Jann Wenner (Rolling Stone magazine) never felt the need to develop one at the start. The business plan is […]

Want Make a Successful StartUp? You Need these 12 Things

Find existing problems before devising solutions. What pain do you or others have? Survey your competition. What are their strength, weaknesses and strategies. Have clear explanations for why you are better than your competition. It helps you prepare for how to convince your customers. Determine who will use your products. Make no assumptions. Be realistic. Talk about your idea to potential customers. Don’t worry about people stealing your idea. Truth is, people won’t steal it, […]

Keeping Your Day Job While Building Your StartUp

I just read a post by one of my new but very modest friend. He made some very insightful comments about the difficulty of building your startup on the side while keeping your day job. Here’s an excerpt from his article: Burning Hunger: Having a well paid job can actually make you lazy and take away the hunger to having a successful startup. If on the 24th of every month a substantial amount falls into […]