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	<title>Comments on: 10 Tips to a Better Business Plan</title>
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	<link>http://sgentrepreneurs.com/contributors-corner/2007/02/28/10-tips-better-business-plan/</link>
	<description>Entrepreneurship in Singapore (Asia)</description>
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		<title>By: Darius</title>
		<link>http://sgentrepreneurs.com/contributors-corner/2007/02/28/10-tips-better-business-plan/comment-page-1/#comment-21538</link>
		<dc:creator>Darius</dc:creator>
		<pubDate>Sun, 04 Mar 2007 09:46:51 +0000</pubDate>
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		<description>I was a judge too. One comment -

I think there is inherently an executive summary of executive summary. i had the attention span of 10 seconds before i make a snap judgement* of the bplan.

So one tip i would advocate - if you have something good, say it right at the start - bold it, put it in a graph, do what it takes to make sure the reader sees it immediately.

It doesnt have to flow naturally, or make logical seqential sense, etc. Just say it loud and clear.

It could be anything - a strong team, industry awards you have won, revenue you already have, POs you have recieved, large adoption, one strong customer, funding already committed, or simply very distinct strong business idea/model.


*read: blink, malcolm gladwell.

p.s. of course, i evaluated only after reading through the entire exec. summary, but like one of my lawyer friends says about judges (in legal systems) - they first form their opinions (often according to experience and moral belief) then see which part of the law they can use to arrive at that result. remember your judges or investors are human too.</description>
		<content:encoded><![CDATA[<p>I was a judge too. One comment -</p>
<p>I think there is inherently an executive summary of executive summary. i had the attention span of 10 seconds before i make a snap judgement* of the bplan.</p>
<p>So one tip i would advocate &#8211; if you have something good, say it right at the start &#8211; bold it, put it in a graph, do what it takes to make sure the reader sees it immediately.</p>
<p>It doesnt have to flow naturally, or make logical seqential sense, etc. Just say it loud and clear.</p>
<p>It could be anything &#8211; a strong team, industry awards you have won, revenue you already have, POs you have recieved, large adoption, one strong customer, funding already committed, or simply very distinct strong business idea/model.</p>
<p>*read: blink, malcolm gladwell.</p>
<p>p.s. of course, i evaluated only after reading through the entire exec. summary, but like one of my lawyer friends says about judges (in legal systems) &#8211; they first form their opinions (often according to experience and moral belief) then see which part of the law they can use to arrive at that result. remember your judges or investors are human too.</p>
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		<title>By: Noah Parsons</title>
		<link>http://sgentrepreneurs.com/contributors-corner/2007/02/28/10-tips-better-business-plan/comment-page-1/#comment-20104</link>
		<dc:creator>Noah Parsons</dc:creator>
		<pubDate>Wed, 28 Feb 2007 20:46:48 +0000</pubDate>
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		<description>Having judged many business plan competitions myself, I&#039;d like to add that having a concise executive summary is also critical. The executive summary is your chance to clearly layout the overview of the business in simple terms that anyone can understand. If you can&#039;t communicate your ideas quickly and simply in the executive summary, many judges loose interest and are not enticed to read the rest of the plan as thoroughly as they might. A dynamic executive summary makes reading the rest of the plan enjoyable and also provides the framework needed to understand the details of the plan.</description>
		<content:encoded><![CDATA[<p>Having judged many business plan competitions myself, I&#8217;d like to add that having a concise executive summary is also critical. The executive summary is your chance to clearly layout the overview of the business in simple terms that anyone can understand. If you can&#8217;t communicate your ideas quickly and simply in the executive summary, many judges loose interest and are not enticed to read the rest of the plan as thoroughly as they might. A dynamic executive summary makes reading the rest of the plan enjoyable and also provides the framework needed to understand the details of the plan.</p>
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