The investors, whether of financial or other resources.
Reporters and editors don't add those links, nor will they manage them. In monthly evening sessions the forum evaluates the business plans of companies accepted for presentation during to minute segments in which no holds are barred.
Sessions are open to the public and usually draw about people, most of them financiers, business executives, accountants, lawyers, consultants, and others with special interest in emerging companies.
Gumpert is an associate editor of HBR, where he specializes in small business and marketing. Finally, the plan should look unflinchingly at the risks the new venture faces, giving would-be backers a realistic idea of what magnitude of reward they can expect and when they can expect it.
Are they still relevant? Too many entrepreneurs, though, continue to believe that if they build a better mousetrap, the world will beat a path to their door. Surprisingly, a large number of business plans are submitted to potential investors without return addresses or phone numbers.
The opinions expressed here by Inc. Drawing on their own experiences and those of the Massachusetts Institute of Technology Enterprise Forum, the authors show entrepreneurs how to write convincing and winning business plans. This lets you determine whether potential buyers even exist.
Only a well-conceived and well-packaged plan can win the necessary investment and support for your idea. These articles are editorially independent - that means editors and reporters research and write on these products free of any influence of any marketing or sales departments.