What Comes First: The Funding or The Planning?

Posted by IntelBoutique under Strategy
From http://intelboutiqueblog.com 3911 days ago
Made Hot by: deanuk on August 7, 2013 3:43 pm

For some of you, this is a no-brainer kind of question. If we were on a game show, I would guess many of you would hit the buzzer for “planning”. Duh! It makes the most sense. If there’s no plan in place, how can you ever fund the business? But let’s change the scenario a bit ...

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Comments

Written by tiroberts
3908 days ago

I have to agree with you, Val. Planning is essential to any successful business. Of course, you might have a few initial successes right off the bat the weren't "planned" per se. But to continue along the path of success and profitability you have to effective and efficient plans in place before most potential investors with give you funding.

Ti

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Written by IntelBoutique
3907 days ago

You're absolutely right, Ti. Effective plans is what takes an idea from conception to success and in the interim, raises funding.

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Written by bigmoneyweb
3910 days ago

In my own honest opinion, I think that planning comes before funding in starting a business because, when you have a tangible plan in place, if the fund comes, you will be able to maximize it and implement your plans but on the other hand, if you gets the fund without having any plan on what to do with it, you can easily loose it. Thanks for sharing this with the bizsugar community.

Val

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Written by IntelBoutique
3907 days ago

Thanks, Val, for reading. And I agree, I think planning SHOULD come before funding, however, I was surprise by those who had an idea or two and with a few descriptions of that idea were able to pitch it investors and get it moving. Maybe some ideas are just like that.

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