Lost Job Start Business

The LostJobStartBusiness Newsletter for June 2009.

Many start-up entrepreneurs believe that the first thing that they should do when starting a business is writing a business plan. This video argues otherwise.

That’s right, nobody invests in an idea. However they do invest in businesses. Business Plans are ideas and therefore are not very useful for getting investment. However, traction shows that your idea has been developed into a business. Logic would suggest that if you are looking for investment you should spend most of your time [...]

This certainly applies to VCs. If you contact them directly or send in a business plan you are wasting your time. They rely on recommendations from attorneys, CPAs and trusted advisers. You have to go through these to get to the VC.

Mike Bloomberg is to invest $45 million in financial start ups that are set up by laid off bankers. Some of this money will go on incubator units to help these new start ups get off the ground. Mayor Bloomberg sees opportunity in this recession, and as a result, New York City could become the [...]

A recession may seem to be a bad time to start a business. However, I beg to differ. Recessions are like naturally occurring forest fires. A lot of dead wood is eliminated and new green shoots soon appear.  It should be your objective to become one of these new green shoots. We should also remember [...]