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Business Plans: 10 Tips For "Riding In The Rain" & Scoring Big

Business Plans: 10 Tips For "Riding In The Rain" & Scoring Big | startups, crowdfunding, startup entrepreneurs | Scoop.it
The best tips from expert business plan reviewers for bplans, templates and more

Via Martin (Marty) Smith
Lori Wilk's insight:

The business plan creation process can be very time consuming and the benefit of this exercise can be invaluable. I am at FAU in a session right now about how to develop the financial models needed for the business plans. We're talking about the assumptions we are making and justifying where we are getting our numbers and amazing things such as going out into the marketplace and doing the research about what people are willing to pay for. There's an upcoming business plan competition and a room full of people who intend to compete in this huge event at FAU. I recently met several business plan competition winners who have used this money to help them launch their businesses-there can be a huge benefit in creating excellent business plans. Too many businesses go out of business because they don't have the money to stay in business. Many companies that don't make it are gone because they didn't have plans and they weren't prepared for the challenges they actually faced. 

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Martin (Marty) Smith's curator insight, February 7, 7:45 AM

Thanks to Marc for making this suggestion on Scoop.it. Biz Plans are something I like about as much as going tot he dentist so any helpful tools or suggestions are WELCOMED.

Writing a business plan reminds me of Martin's Ride To Cure Cancer. In the summer of 2010 I rode a bicycle across America over 60 days. Based on weather patterns we predicted riding in the rain 10 days. We actually had to ride in the rain for 6 days.

Since we were going to need to ride in the rain I practiced in it and worked on convincing myself that I LOVED riding in the rain, that it was fun. Not so much and NEVER made that sale (lol). Appreciate anything that will help me create Biz Plans.

Lou Hemmer's curator insight, February 16, 9:20 AM

Good article about steps to cover when seeking investment dollars for start ups.  A solid management team and understanding  where your business fits in the marketplace a essential.

startups, crowdfunding, startup entrepreneurs
In depth and behind the scenes look at the startup community, paths of funding, the entrepreneurs who are following their dreams to make them a reality, and startup marketing strategies
Curated by Lori Wilk
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My Startup Battlefield Story

My Startup Battlefield Story | startups, crowdfunding, startup entrepreneurs | Scoop.it
 There comes a moment in a startup’s life that changes its trajectory forever. For us, it was a phone call from Alexia Tsotsis in August 2012.
Lori Wilk's insight:

It's so inspiring when you hear the stories about what it took to get started. I love when these startup founders can be vulnerable and share how they started and how tough it was to get their pitches and presentations to be strong enough and clear enough to open the doors they needed to financing, launching, and becoming successful.#startups#entrepreneurs+

 

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Dubai SME to map angel investors in UAE to facilitate SME financing - Zawya (registration)

Dubai SME to map angel investors in UAE to facilitate SME financing Zawya (registration) Dubai SME is in the process of mapping the universe of angel investors in the UAE to help connect these investors with viable startups that show long term...
Lori Wilk's insight:

All around the US and world there is a huge growth in investment in entrepreneurs . We are seeing more organization around these investments with groups, structures, networks, and legislation, regardless of the location. This article explains how the process is taking place in Dubai. The desired result in Dubai is to  efficiently has a system that will connect investors with viable startups which have been identified as having promising l,ong-term futures. 

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Your Crowdfunding Campaign Extra Exposure Free Listings

Your Crowdfunding Campaign Extra Exposure Free Listings | startups, crowdfunding, startup entrepreneurs | Scoop.it
List your Crowdfunding Campaign for More Exposure on Business Funding Insider
Lori Wilk's insight:

Business funding insights, ideas, campaigns that are seeking their funding, and some help for individuals or organizations who need it to  promote their crowdfunding campaign. It was worth stopping by here to see what the Business Funding Insider was doing and how others are using this site to help their campaigns..

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Not at SXSW? Bite into these tech-focused presentations instead

Not at SXSW? Bite into these tech-focused presentations instead | startups, crowdfunding, startup entrepreneurs | Scoop.it
The annual over-stimulation of SXSW is a ritual for many in the startup and technology worlds, and even though tens of thousands of techies saddle up to Austin, there are plenty of people far far away from Texas.
Lori Wilk's insight:

If you are not at #SxSW that doesn't mean you need to miss these presentations

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Entrepreneurship datebook and startup news to note - MiamiHerald.com

Entrepreneurship datebook and startup news to note - MiamiHerald.com | startups, crowdfunding, startup entrepreneurs | Scoop.it
MiamiHerald.com
Entrepreneurship datebook and startup news to note
MiamiHerald.com
DATEBOOK. THINK FWD: FWD.us invites you to join leaders in tech, politics and policy at 6:30 p.m. Monday, Feb.
Lori Wilk's insight:

There are so many events and educational opportunities for startup entrepreneurs and excellent programs to get involved in where you can find mentors and learn about new funding possibilities. It's a great time to be an entrepreneur.

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Rescooped by Lori Wilk from Curation Revolution
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CrowdFunde Partner Contest - Need 3 Websites That Want To BLOWUP (in a good way :)

CrowdFunde Partner Contest - Need 3 Websites That Want To BLOWUP (in a good way :) | startups, crowdfunding, startup entrepreneurs | Scoop.it

CrowdFunde is a cool new tool that combines crowdfunding and content marketing to help marketers turn the gears of the new SEO. We have 2 "beta partners" and are looking for 3 more. 

Deadline is 2.28.14

Learn More
http://crowdfunde.com/crowdfunde-partner-contest/  ;


Via Martin (Marty) Smith
Lori Wilk's insight:

All businesses need a combination of money and marketing  so being introduced to CrowdF-unde is cool #crowdfunding#marketing

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Lori Wilk's curator insight, February 11, 7:35 PM

This looks like a great opportunity 

malek's curator insight, February 12, 7:30 AM

Interesting to see how Marty's idea will evolve. Mixing crowdfunding with content is worth a trail.

Martin (Marty) Smith's comment, February 12, 7:36 AM
Thanks to Lori and Malek for the share (much appreciated). M
Rescooped by Lori Wilk from Crowdfunding Website Reviews
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Finding Dad - A Short Film

Finding Dad - A Short Film | startups, crowdfunding, startup entrepreneurs | Scoop.it
An abandoned son. A mysterious note. The search for the reason why

Via Crowdfunding-Reviews
Lori Wilk's insight:

This is a current campaign seeking funding so it helps for you to see what others are doing and how they are structuring their campaigns as well as to find ideas and projects that you might be interested in supporting.

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Crowdfunding-Reviews's curator insight, February 7, 5:27 AM

Help make it happen for Finding Dad - A Short Film on @indiegogo
#Montana #MSU #Student #Film
http://igg.me/p/655081/twtr/2623911

Rescooped by Lori Wilk from Crowdfunding Website Reviews
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Use Crowdfunding to Gauge Interest for Your Idea

Use Crowdfunding to Gauge Interest for Your Idea | startups, crowdfunding, startup entrepreneurs | Scoop.it

The reality is that the majority of entrepreneurs need more than financial support to launch their ideas. They lack the experience needed to create and execute a business plan.

 

And with a few exceptions, like very simple or small ideas, they seriously underestimate how much money is needed to get a business off the ground.


Via Justin Jones, Crowdfunding-Reviews
Lori Wilk's insight:

Starting a business, especially one that has a strong chance of survival, takes more than just some money. In this article the author mentions the concept of proving the interest in the marketplace for the product or service you want to launch. By launching a crowdfunding campaign you will have real research into what people would be willing to pay for. You learn from your campaign and from the responses and results you have.

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My Favorite Companies From The Seventh 500 Startups Accelerator Class

My Favorite Companies From The Seventh 500 Startups Accelerator Class | startups, crowdfunding, startup entrepreneurs | Scoop.it
It’s demo day again for the 500 Startups crew, as the seed stage investment firm and accelerator is showing off the latest batch of companies that have survived its three-month accelerator program.
Lori Wilk's insight:

The adrenaline had to be flowing for this group as they made their way through demo day.Congrats to all the start-ups for this huge accomplishment and for surviving their three-month accelerator program.

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Crowdfunding Connoisseurs: 5 Select Crowdfunding Sites for Your Fundraiser - Business 2 Community

Crowdfunding Connoisseurs: 5 Select Crowdfunding Sites for Your Fundraiser - Business 2 Community | startups, crowdfunding, startup entrepreneurs | Scoop.it
Lori Wilk's insight:

Trying to stay on top of all the crowdfunding sites and they seem to be multiplying #crowdfunding

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Where angels dare to tread - Hindu Business Line

Where angels dare to tread - Hindu Business Line | startups, crowdfunding, startup entrepreneurs | Scoop.it
Hindu Business Line
Where angels dare to tread
Hindu Business Line
For one, the rate of failure among untried start-ups can be high, with only 10 per cent of the companies allowing their angel investors to forge a successful exit.
Lori Wilk's insight:

So interesting about angel investors and startup marketplace in India.

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Rescooped by Lori Wilk from Crowdfunding Startups
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Has Crowdfunding Become the Ideal Bank Loan Alternative? - CrowdClan

Has Crowdfunding Become the Ideal Bank Loan Alternative? - CrowdClan | startups, crowdfunding, startup entrepreneurs | Scoop.it
With inflated interest rates, obtaining a loan may be counter-productive for new businesses, especially when crowdfunding has introduced many viable bank loan alternatives in recent years.

Since the 2008 recession, qualifying for a bank loan has been onerous task; applicants are expected to provide collateral, present established business financials, and have a healthy, sustained relationship with the bank. For emerging entrepreneurs, these qualifications are harder to satisfy. With inflated interest rates, obtaining a loan may be counter-productive for new businesses, especially when crowdfunding has introduced many viable bank loan alternatives in recent years.

To read the full article, click on the title.

 


Get your Free Business Plan Template here: http://bit.ly/1aKy7km


Via Marc Kneepkens
Lori Wilk's insight:

The sources of crowdfunding are expanding and the mention in this article that banks are trying to figure out how they could incorporate some form of crowsfunding into their business is very interesting. Where there's money there will always be people who figure out how to get their piece of the economic pie.

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Marc Kneepkens's curator insight, February 2, 7:38 AM

Internet, social media and entrepreneurs have made a real difference. It's breaking the power or corporate structures. Crowdfunding is getting bigger all the time.

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Startup Accelerator 'Boomtown' Launches with Alex Bogusky's Help - AdAge.com

Startup Accelerator 'Boomtown' Launches with Alex Bogusky's Help
AdAge.com
Mr. Vieitez is an interface designer with experience at Google and other tech companies. Mr. Krout and Mr. Vieitez will serve as co-directors.
Lori Wilk's insight:

This is an exciting announcement and maybe I should be applying to be there in "Boomtown" to help provide media and marketing services for startups entrepreneurs.

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Omada Health Raises $23M Series B Led By Andreessen Horowitz For Digital Health That Actually Works

Omada Health Raises $23M Series B Led By Andreessen Horowitz For Digital Health That Actually Works | startups, crowdfunding, startup entrepreneurs | Scoop.it
 Omada Health, a San Francisco startup that makes digital health therapy programs for people with type 2 diabetes and other serious but potentially treatable issues, has raised $23 million in new funding.
Lori Wilk's insight:

It's always encouraging to other startups to see that there are companies who are leading the way and getting funded. Health and wellness programs are in big demand. 

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Tom Still: Angels in the cornfields: Investing not just a big-city game - Madison.com

Tom Still: Angels in the cornfields: Investing not just a big-city game - Madison.com | startups, crowdfunding, startup entrepreneurs | Scoop.it
Tom Still: Angels in the cornfields: Investing not just a big-city game
Madison.com
At the invitation of UW-Platteville Chancellor Dennis Shields, the group heard about trends in angel investing nationally and in Wisconsin.
Lori Wilk's insight:

The fact that Angel networks are expanding across the entire state of Wisconsin is fabulous news for entrepreneurs and for those who have the desire to invest their money as angels. According to this article there are now roughly two dozen angel investment groups statewide compared to ten years ago when there were only two such groups outside Milwaukee or Madison. The referenced website in this article is the Wisconsin Angel Network. This article also describes angel investors, angel networks, and angel funds. Informative, interesting, and great news.

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SOAR Helps Female Startups. We Are IN, What About YOU?

SOAR Helps Female Startups. We Are IN, What About YOU? | startups, crowdfunding, startup entrepreneurs | Scoop.it

SOAR is an important project. Glad we have a chapter in the Triangle ares of North Carolina (Raleigh, Durham, Chapel Hill). We want to support SOAR anyway we can including putting our startup @CrowdFunde into the mix and writing some checks. This initiative is long overdue and we are all in. 


Via Martin (Marty) Smith
Lori Wilk's insight:

I want to interview everyone about their efforts at SOAR. It's great to know that there's support for this project. 

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Martin (Marty) Smith's comment, March 21, 6:44 PM
I think our CrowdFunde startup is going to set up a fund, ask for matching donations of time and money and do whatever we can to help SOAR @Lori Wilk since its long overdue. Marty
Rescooped by Lori Wilk from Digital Business News
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Why I Turned Down Apple For A Startup

Why I Turned Down Apple For A Startup | startups, crowdfunding, startup entrepreneurs | Scoop.it
Sometimes the big fish isn't always the best fish. One entrepreneur who turned down the industry giant on why meaningful work is most important.

Via Digital Business News
Lori Wilk's insight:

It's great to hear about people who have had to take a hard look at their life choices and to listen to how they describe their chosen pathway to success. Working with small startups is a definitely going to be different than working for a very large company. One decision is not necessarily obviously or outwardly better than another because it has to do with personal choices and the business climate you want to be part of . #startups

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The Daily Startup: The Muse Picks Up Model Investor Tyra Banks ...

The Daily Startup: The Muse Picks Up Model Investor Tyra Banks ... | startups, crowdfunding, startup entrepreneurs | Scoop.it
A round-up of venture-capital news and analysis from VentureWire and around the Web.
Lori Wilk's insight:

Following the money trail and market trends

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Rescooped by Lori Wilk from Crowdfunding Website Reviews
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Trendy Powerful USB Waterproof Back-Up Battery for All Mobile Devices

Trendy Powerful USB Waterproof Back-Up Battery for All Mobile Devices | startups, crowdfunding, startup entrepreneurs | Scoop.it
A Green & Unique Power-Up Experience!

Via Crowdfunding-Reviews
Lori Wilk's insight:

Take a look at the projects that are looking for funding using this crowdfunding platform and be amazed at some of the cool things that could make it to market that we'll be seeing on the store shelves soon all because of a start with a successful crowdfunding launched campaign. By helping fund someone's campaign whether for $5 or $500 you could be a part of this whole entrepreneurial process.

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Crowdfunding-Reviews's curator insight, February 7, 10:38 AM

Trendy Powerful USB Waterproof Back-Up Battery

for All Mobile Devices
#Crowdfunding on #Indiegogo
#Mobile #Battery
http://igg.me/p/633461/twtr/2623911

Rescooped by Lori Wilk from Crowdfunding Website Reviews
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Crowdfunding Promotion Resource List - Crowdfunding Promotion

Crowdfunding Promotion Resource List - Crowdfunding Promotion | startups, crowdfunding, startup entrepreneurs | Scoop.it
This is an extensive Crowdfunding Promotions Resource List provided by Crowdfunding Website Reviews

Via Crowdfunding-Reviews
Lori Wilk's insight:

The cool thing about this list is that it is encouraging to know that there's so much you can do. There are so many  ways to get started getting your message out to the world. You can promote your camplaign and yourself using  free sources and tools or other  low-cost methods until you have a bigger budget to work with. Do something everyday and be willing to try new platforms you have never participated on before.  

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Crowdfunding-Reviews's curator insight, February 8, 6:09 AM

50+ sites for promoting your #crowdfunding project

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Business Plans: 10 Tips For "Riding In The Rain" & Scoring Big

Business Plans: 10 Tips For "Riding In The Rain" & Scoring Big | startups, crowdfunding, startup entrepreneurs | Scoop.it
The best tips from expert business plan reviewers for bplans, templates and more

Via Martin (Marty) Smith
Lori Wilk's insight:

The business plan creation process can be very time consuming and the benefit of this exercise can be invaluable. I am at FAU in a session right now about how to develop the financial models needed for the business plans. We're talking about the assumptions we are making and justifying where we are getting our numbers and amazing things such as going out into the marketplace and doing the research about what people are willing to pay for. There's an upcoming business plan competition and a room full of people who intend to compete in this huge event at FAU. I recently met several business plan competition winners who have used this money to help them launch their businesses-there can be a huge benefit in creating excellent business plans. Too many businesses go out of business because they don't have the money to stay in business. Many companies that don't make it are gone because they didn't have plans and they weren't prepared for the challenges they actually faced. 

more...
Martin (Marty) Smith's curator insight, February 7, 7:45 AM

Thanks to Marc for making this suggestion on Scoop.it. Biz Plans are something I like about as much as going tot he dentist so any helpful tools or suggestions are WELCOMED.

Writing a business plan reminds me of Martin's Ride To Cure Cancer. In the summer of 2010 I rode a bicycle across America over 60 days. Based on weather patterns we predicted riding in the rain 10 days. We actually had to ride in the rain for 6 days.

Since we were going to need to ride in the rain I practiced in it and worked on convincing myself that I LOVED riding in the rain, that it was fun. Not so much and NEVER made that sale (lol). Appreciate anything that will help me create Biz Plans.

Lou Hemmer's curator insight, February 16, 9:20 AM

Good article about steps to cover when seeking investment dollars for start ups.  A solid management team and understanding  where your business fits in the marketplace a essential.

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As Entrepreneurship Spreads Across Africa, Opportunities Blossom

As Entrepreneurship Spreads Across Africa, Opportunities Blossom | startups, crowdfunding, startup entrepreneurs | Scoop.it
The buzz of entrepreneurship is no different in Africa than at a gathering in Silicon Valley. It’s about passionate, dedicated people with great ideas.
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Facebook for India is a Waste of Time by 500Startups’ Pankaj Jain | citizentekk

Facebook for India is a Waste of Time by 500Startups’ Pankaj Jain | citizentekk | startups, crowdfunding, startup entrepreneurs | Scoop.it
In a country of almost 1.3 billion people, mid-20th century infrastructure, rampant corruption, over 400 million people below the international poverty line,
Lori Wilk's insight:

It is so refreshing to hear about what 500 startups is doing and how they are doing things differently. I compliment Panklaj Jain as he seems to demonstrate being a role model for success and balanced living- a philiosophy I follow for Successipes- and would like to talk to him on Skype or on a GoogleHangout to know more about what he is doing to help the startup entrepreneurs succeed with such a high level. An interview with Pankaj Jain would be great.

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Rescooped by Lori Wilk from Entrepreneurship, Innovation
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Why Canada is where smart VC money is going in 2014

Why Canada is where smart VC money is going in 2014 | startups, crowdfunding, startup entrepreneurs | Scoop.it
Big exits, fresh talent, and new programs have been transforming Canada into a startup hotbed.

Via Marylene Delbourg-Delphis
Lori Wilk's insight:

This could mean lots of people will be headed to Canada to become startup entrepreneurs. 

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David Collet's curator insight, February 2, 9:12 PM

Noteworthy: The failure of Blackberry has released a large number of tech savvy experts who help to fuel the growth of the start-ups.

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Startups Are Getting Easier. Entrepreneurship Isn't.

Startups Are Getting Easier. Entrepreneurship Isn't - http://t.co/RCpkchOHWH
Lori Wilk's insight:

Yes you can get started and no, it's not easy to be super successful. Success takes work and the work doesn't end. As you become more successful  and have more money you will probably hire others to help you get more done and to help your compan grow. Nowadays there are more opportunities to get people to begin working for you mWith so many plaforms of freelancers and outsourcing opportunities, the sooner you begin to delegate work that is not essential to your role as company owner, the more time you'll have to do what you do best.

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