Entrepreneurship in the World
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10 reasons why a business plan is key

A piece by Tim Berry, on Entrepreneur.com. 

"10 Business Plan Benefits You Might Be Missing"

Samuel Pavin's insight:

The business plan "issue" explained. 

I often meet startups with no plans and that is my first take : a business plan is mandatory. 

You need to set some foundations right and then build on them even if making mistakes. 

But an overall direction and milestones are needed in order not to try to do everything and, in the end, do nothing. 

A startup is not only fun and opportunities, it also require hard work and organization. And then, the fun can be added safely. 

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Why Business Goals Might Need a Reality Check

Why Business Goals Might Need a Reality Check | Entrepreneurship in the World | Scoop.it
Too many entrepreneurs are overly optimistic about how well their business ideas will fare. Here's how to approach your business with a more realistic outlook.
Samuel Pavin's insight:

As well as business plans are major, putting some thinking into the passion and craze is fairly important too. 

Here a good piece about remembering not to just run happily towards a wall (or cliff).

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How I Got My Startup Profitable in 6 Weeks

How I Got My Startup Profitable in 6 Weeks | Entrepreneurship in the World | Scoop.it
Samuel Pavin's insight:

(Chris Bolman, via Medium)

It is always good to read about real-life experience and here is a bit from Chris.

I like the point about profitability since it links back to the "new" rise of B2B startups - with the monetization in the background.

Now, not every startup will be profitable in 6 weeks but the bottom line here stands in the overall point made : aim for profit.

And the points made by Chris are must-have for any startup out there (for instance, not being able to pitch your product/value in one sentence definitely is a poor start).

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10 Mistakes to Avoid When Pitching Investors (Infographic)

10 Mistakes to Avoid When Pitching Investors (Infographic) | Entrepreneurship in the World | Scoop.it
For many entrepreneurs looking to start a business, getting access to capital can be the make-or-break moment to a successful launch.
Samuel Pavin's insight:

One first and initial mistake : pitching without planning.

I had to face a pitch where the founder had no proper figures and no proper insight on the market/market opportunities.

That is the fastest road to failure.

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