O'Reilly logo

Business Plans that Work: A Guide for Small Business 2/E, 2nd Edition by Jeffry Timmons, Stephen Spinelli, Andrew Zacharakis

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

8 TEAM: THE KEY TO SUCCESS

Georges Doriot, the father of venture capital and founder of American Research and Development Corporation (the first modernday venture capital firm), said that he would rather “back an ‘A’ entrepreneur with a ‘B’ idea than a ‘B’ entrepreneur with an ‘A’ idea.” He reasoned that an A team could more easily mold and reshape a B idea into a winning opportunity than a B team could execute on an A idea. Therefore, the team section of the business plan is often the section that professional investors read after the executive summary. Thus it is critical that the plan depict the members responsible for key activities and convey that they are exceptional people with integrity, knowledge, and skills.

In many cases, the business ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required