Imagine you just received an e-mail message from a friend. The message reads, “Want to tell you that I just finished writing my business plan. I’m very proud of what I’ve written. The plan is comprehensive and just a bit more than 100 pages in length. The executive summary itself is 9 pages long. I intend to send my plan to investors beginning next week. Do you have any words of advice for me before I do this? Be honest. I really want to get funding!” How would you respond to your friend’s request for feedback?
Answer to relevant QuestionsThe entrepreneurship class you are taking meets for four hours once per week. A break of 10 minutes or so takes place after the first two hours of each class. During a recent break, you overheard one of your classmates say ...When is the appropriate time to write a business plan? Why does Sam Goldman go out of his way to talk about the importance of d.light’s business plan? In what ways do you think having a meticulously crafted business plan helped d.light in its launch efforts? Investors are often criticized for insisting that a vesting schedule be put in place for stock that’s issued to employees. After reading this feature, do you think this criticism is justified? If a company anticipated that ...Is a sole proprietorship an appropriate form of ownership for an aggressive entrepreneurial firm? Why or why not?
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