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Which Bootstrapping method makes the most sense?

Mar 02, 2006 11:25 pm

re: re: Which Bootstrapping method makes the most sense?

Travis Hughes Interactive

>I agree that spending time and money to polish a business >plan isn't necessarily the best use of resources. >However, as a plan developer, I find that the executive >summary is best done after the plan and so I've seen >many "summaries" that don't have the depth behind them.
>
>While I don't suggest an expensive plan, I do believe the >process of careful consideration and writing down the >results should be done before approaching investors.

That's right. It's hard to create an executive summary if you don't have something to summarize first!

So it's not like you can just make a one page summary without a plan to summarize, well I guess you could if you just pulled figures out of thin air and used assumptions put didn't do the backup work.

Just throwing a plan to the VCs or scattering like a shotgun would seem to be a very low probability of success act - some may even call it desperate! :)

Travis

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