There's one thing I've learned about entrepreneurs' business plans. Every one is wrong.
Sentiment: NEGATIVE
Founders go wrong when they start to believe their business plan will materialize as written. I advise entrepreneurs to burn their business plan - it's simply too dangerous to the health of your business.
All entrepreneurs make decisions. Some will go right, and some will not go that right.
Entrepreneurs can't forecast accurately, because they are trying something fundamentally new. So they will often be laughably behind plan - and on the brink of success.
People come in with business plans and, I mean I know that no one is going to meet everything they say in a business plan but you got to have something to, to guide towards.
I've never had a business plan. Every project we've ever done was the intersection of somebody with a real need, a real passion to do something, and hustling.
Most venture capitalists won't read a business plan unless the entrepreneur is introduced to them by a contact.
Most people end up owning a business by accident. Therefore, they don't usually have a thought process and a strategic plan in place.
One thing I've learned about his business is this whole 'plan thing' - it doesn't work.
Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they'll turn out to be right.
One misconception is that entrepreneurs love risk. Actually, we all want things to go as we expect. What you need is a blind optimism and a tolerance for uncertainty.