Why those who ask for business plans are doomed to fail | Bill Morrow | TEDxHultLondon
Vložit
- čas přidán 19. 02. 2015
- Why those who ask for business plans are doomed to fail, for their lazy thinking
Bill Morrow, has been creating, building & selling businesses for over 25 years. Founder and CEO of Angels Den, Europe & Asia's largest Business Angel Investor Network with 5000+ Business Angels, links to 1,000s more via syndicates/funds plus 400+ Business Angels a day visiting the website. Angels Den opened in MENA in 2012 across Qatar, Kuwait, Dubai and Abu Dhabi, Mexico in 2013 and Australia early 2014.
Angels Den was created to help companies, requiring an equity or business angel investor, to get their business in shape and attract angels.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
one of the best pieces of advice! thanks !
thanks very inspire me
Thank you for being honest
Refreshing perspective.
Great video, The video is not saying dont make a plan. what the video is saying is to when making a plan put your soul into it, your love for the product the service you are giving.. people are willing to invest not to just make more money but to have make the world a better place...i understood the lesson and now im better fit to make my dreams come true......Thanks alot
it almost seems counter-intuitive where business's that don't make money are bound to fail, but it's true that you have to add passion/soul into it. it might not be as tangible as talking about profit-loss and performance and efficiencies but it's important
Great refreshing perspective
This is good stuff. Thank you.
Bill, you're awesome! thank you for this amazing lesson!
I guess Im randomly asking but does someone know a method to get back into an Instagram account??
I stupidly forgot the account password. I love any assistance you can give me!
@Franklin Ronan instablaster :)
One of the best
Hey sound person, turn the bloody gain/trim knob down on the mixing desk, it's the one usually found at the top of the mic channel.
Nice shirt birthday boy...:)
Great speech! The are lots of essential details that are not and cannot be reflected in a business plan. Business plans professional writers may hide or misprsent a lot of essential information.
Love this!
I think he's leaving a lot out though. I mean, I'm actually gaining a lot of clarity by making a business plan. And it's stimulating a lot of new ideas too.
Yes it does help with ideas but I think his point is don't get too caught up on the business plan instead of just starting and making mistakes and you're more like to get an investor that way
I think he agrees with you 3:45. The key seems to be that while it might be a good exercise its a horrible communication tool, at least when looking for angel investors. I live in China where the investors seem to have the attitude he speaks of.
Me Too
@@JungleEd17 Totally! Chinese investors don't care about numbers, it's more about being a rock star person, that's what they're buying! I'm in China too, my friend! )
@@Raccoonov Any advice on how to achieve the "rock star" persona? I was thinking recording videos would help. I can't hold my liquor and don't join in other sorts of night time activities, hopefully this doesn't exclude me.
you need to sort out that mic bro!
I'm glad I wasn't the only who noticed the feedback and seemed to be bothered enough to say something about it