Entrepreneurial Do’s and Don’ts
Entrepreneurs are an industrious group. Their relentless curiosity and willingness to take risks often propels them to success. However, no one wants to take risks when it comes to financing their business. The financial landscape can be a confusing place for small business owners looking to establish or grow their business.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Im glad someone is finally talking about tips that are really useful for small business and finance. Your post doesn’t do justice to what’s inside the podcast - it’s great information.
Theres’ so many different views on business plans, Mike, glad that you gave some advice around what will get it done. In the future could you talk about what size is actually the best for banks? You mentioned it shouldn’t be 50 pages, but how long shuld it be?
In response to Christine’s question on March 9, personally I would prefer a 2-4 page executive summary which covers the main points of the company/idea, target market, how do you make money, cash needed and uses, customer traction and management overview. Behind the scenes you need all the details of how the product or service works, financials, bio’s, life history, etc… but initially you are trying to gain interest and usually there is only a small window of opportunity. Hope this helps.