ly you might ask why this upsets me so much. It is because you must be able to walk the talk and today so many of these folks seeking capital don’t have the right stuff, they do not understand what they are talking about and have not thought it through properly.

They are basically a disaster waiting

So often entrepreneurs have a concept and yet they have not thought through all the details. As a former founder of a franchising company, I had to know everything about my industry and all the sub-sectors we competed in. I had to know all my competitors and their ancillary markets they competed in.

I had to understand their customers and my customers. How they bundled products and services and how they marketed their wares. I had to know every possible pitfall and every potential risk.

Today, entrepreneurs simply do not get it. In fact as the founder of an Online Think Tank, I am often amazed at the lack of knowledge that they have. You ask them a simple question about their industry and they just do not get it at all. They do not know the answer and they say; “well I don’t know, I have never thought about that.”

Indeed, you feel like pulling them aside and saying; “Look you had better damn well know about it, because some institutional investment banker, venture capital shark or large corporate investor partner is going to ask you that. And a whole lot more questions too.

If you are searching for Capital; You better know your Industry backwards and forwards with no exceptions. Actually you might ask why this upsets me so much. It is because you must be able to walk the talk and today so many of these folks seeking capital don’t have the right stuff, they do not understand what they are talking about and have not thought it through properly.

They are basically a disaster waiting t

I had to understand their customers and my customers. How they bundled products and services and how they marketed their wares. I had to know every possible pitfall and every potential risk.

Today, entrepreneurs simply do not get it. In fact as the founder of an Online Think Tank, I am often amazed at the lack of knowledge that they have. You ask them a simple question about their industry and they just do not get it at all. They do not know the answer and they say; “well I don’t know, I have never thought about that.”

Indeed, you feel like pulling them aside and saying; “Look you had better damn well know about it, because some institutional investment banker, venture capital shark or large corporate investor partner is going to ask you that. And a whole lot more questions too.

If you are searching for Capital; You better know your Industry backwards and forwards with no exceptions. Actually you might ask why this upsets me so much. It is because you must be able to walk the talk and today so many of these folks seeking capital don’t have the right stuff, they do not understand what they are talking about and have not thought it through properly.

They are basically a disaster waiting

t the lack of knowledge that they have. You ask them a simple question about their industry and they just do not get it at all. They do not know the answer and they say; “well I don’t know, I have never thought about that.”

Indeed, you feel like pulling them aside and saying; “Look you had better damn well know about it, because some institutional investment banker, venture capital shark or large corporate investor partner is going to ask you that. And a whole lot more questions too.

If you are searching for Capital; You better know your Industry backwards and forwards with no exceptions. Actually you might ask why this upsets me so much. It is because you must be able to walk the talk and today so many of these folks seeking capital don’t have the right stuff, they do not understand what they are talking about and have not thought it through properly.

They are basically a disaster waiting

n well know about it, because some institutional investment banker, venture capital shark or large corporate investor partner is going to ask you that. And a whole lot more questions too.

If you are searching for Capital; You better know your Industry backwards and forwards with no exceptions. Actually you might ask why this upsets me so much. It is because you must be able to walk the talk and today so many of these folks seeking capital don’t have the right stuff, they do not understand what they are talking about and have not thought it through properly.

They are basically a disaster waiting

ly you might ask why this upsets me so much. It is because you must be able to walk the talk and today so many of these folks seeking capital don’t have the right stuff, they do not understand what they are talking about and have not thought it through properly.

They are basically a disaster waiting to happen. I certainly hope this article is of interest and that is has propelled thought. The goal is simple; to help you in your quest to be the best in 2007. I thank you for reading my many articles on diverse subjects, which interest you.