Innovation and the Entrepreneur – Is it a Required Trait?

How important is innovation to an entrepreneur? There are many traits that successful entrepreneurs seem to share – leadership abilities, confidence, and risk tolerance for instance – but is innovation one of them? Famous management consultant and author Peter Drucker thought so, calling innovation the “specific instrument of entrepreneurship; the act that endows resources with a new capacity to create wealth.” Here are a few reasons why we think Drucker…

How to Get Your Business Plan Noticed

It’s Friday afternoon and Sophie, a Junior Analyst at a venture capital firm, is sorting through a stack of business plans, dividing them into a keep pile and a toss pile. The keep documents will be passed on to her boss, while the toss pile is made up of proposals that will never see the light of day – at least not with funding from Sophie’s company. The toss pile…

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Nonprofit and the Business Plan: 5 Reasons Why Your Nonprofit needs a Business Plan Writer

When you think of a writing up a business plan, the images that come to mind are of pitching to investors, return on investment calculations, profit forecasting, etc. But writing a business plan is just as important for nonprofit organizations as it is for those that are for-profit. In fact, given the challenges that go along with starting and sustaining a nonprofit organization, it may be even more important for…

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How to Get Your Invention Patented

Hello, this is Dana with The Plan Writers and I’m here today to discuss patenting. If you’re ready to move your invention out of your garage workspace and onto store shelves, then consider filing for a patent. Patents are popular among inventors as it gives them a number of legal rights pertaining to their invention. For instance, though it’s far from a guarantee that your idea won’t be stolen by…

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4 Reasons Why Your Business Plan Writer Needs to Include Buyout Options

In our post entitled 4 Reasons Why Your Business Plan Writer Needs to Include Exit Strategies, we discussed why investors like to see exit strategies in business plans. This week, we’re getting more granular and looking at why having your business plan writer include buyout options as part of the exit strategies in your plan earns you another green checkmark from investors and can provide you with some entrepreneurial benefits….