A business plan is essential to secure funding. You can have the best elevator pitch, but VCs want to see more before they decide that your startup is a viable idea. In order to attract VCs you should focus on the following 3 sections while writing your business plan.
Community Recommended
I came across XYDO while researching startups, betas, and innovative new apps for a side project. My first response was to bookmark the site, because I already knew I would frequent XYDO.
First impressions can make or break you, for some it’s the description but for me it’s the logo, the website, and the people behind the idea. XYDO has one of the most visually appealing websites I’ve come across in awhile. The design is amazing, and it is incredibly easy to navigate through the site and content. The XYDO team is clearly destined for greatness, and even though the About page isn’t up yet, you won’t be able to miss them.
Wealth Creation
I just read an absolutely brilliant, and ridiculously long, essay by Paul Graham. I decided to edit the essay, however, the full version, titled How to Make Wealth, is available online.
Startups date back to 1960’s, and they often involve a challenging technology. Instead of working at a corporation at an average pace for several years, you can choose to startup your own company by compressing your effort and concentrating on one difficult aspect. Startups are the best way to get rich.
When working for an established firm you are limited by your job title, and are constantly interrupted by your supervisors and co-workers. The company determines your worth, and you usually do not get paid according to the profit you generate. On the other hand, startups have less red tape, and therefore productivity is increased dramatically. In addition, startups consist of smaller teams and clearly defined individual contributions, resulting in an accurate allocation of profit. While startups reward hard working individuals with greater wealth within a shorter time span, the effort involved is very taxing.
There are many ways to get rich, but getting paid through wealth creation is the most simple and valid method. The key is creating value. Continue reading
A Life Worth Living
Living life to its fullest is about being true to yourself. Figure out the things you enjoy most, and the positive qualities you posses. Constantly improve upon your skills and apply them to what makes you happy. Discover your place in the world, and work hard to push yourself and grow. However, that is only one piece of the puzzle. One of my favourite quotes is, “Only a life lived for others is a life worth living”, by Albert Einstein. Your true purpose is to add value to other people’s lives. Each person is unique and has a lot to offer to the world. Once you figure out who you are, it is time to give back and make a difference in the world.
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Shoulda, Woulda, Coulda
Age is just a number; similarly, time is just a made up concept. The past had made us who were are, and it important to cherish it rather than be filled with regret. Everything happened for reason and there is no use in dwelling. The past should only be used as reference tool, when reflecting the reasons you were successful, and the mistake you should avoid.
Danielle Geva 