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Well planned or Stop Gap

Recently an entrepreneur approached me with his business plan.

I asked, “Why do you have such a short sighted and stop-gap kind of plan for your idea?”

Entrepreneur, “You see, If I could see the source of more money, I would have a better plan.”

said, “In my view, it’s not the amount that is a decisive factor; it’s the better plan, better strategy and a great team that counts.”

I revisited the business plan with the entrepreneur this week again, and I was happy to see a well thought out plan, and a strong execution strategy this time.