Planning your next startup? Stop before you start

by Marti Nyman

business plansIn the course of a year, I see anywhere between 30 to 40 business plans and talk with 20 to 40 entrepreneurs about their ideas, pre-business plan.

As a judge in the Minnesota Cup, I see an additional 15 to 20 more business plans. To top it all off, I’m teaching a course at the U of M this Fall on – you guessed it – business plans.

I love new ideas. I love the passionate entrepreneurs behind them. I love ideas that change markets, industries and people’s lives.

But I hate bad business plans. Not the writers. Just the plans.