Almost daily, people come to me with business plans with the hope of raising money for their idea or their project.
Most of the time I turn them down for one main reason: the people raising the money don’t know the difference between a product and a system.
For a business to survive and thrive, 100 percent of all systems must be functioning and accountable. For example, an airplane is a system of systems. It it takes off and, let’s say, the fuel system fails, there often is a crash. The human body is also a system of systems. Most of us have had a loved one die because one of the body systems failed. The same thing happens in business.
- The Interesting Systems of the Human Body (ID) (basketballfootball.wordpress.com)
- Business Plan Basics: How to Make a Business Plan (staples.com)
- 7 Proven Ways to Grow Your Small Business (hiscoxusa.com)
- 3 Things You Need to Know About Launching a Product Business (entrepreneur.com)