If anything, exposing your business plan will allow others to give you feedback on it. You'll get to hear wonderful things like "your plan sucks, you need to x and y or you'll never succeed, etc...". Hope you have a tough skin and can take criticism.
Seriously though, unless it is a really innovative idea that will revolutionize the world, then it's probably best to let others in on it. Who knows, maybe you'll get some positive feedback too. It may also prevent you from wasting time on something that won't work or just isn't feasible or may have already been done exactly how you want to do it.
Thanks for your input. I know one should expose a business plan for feedback from others and I was about to do that, mainly to friends who I trust could give me as objective opinion as possible. It's just that I never thought of releasing it to the whole public, nor have I heard anyone do that before but then again, I don't have any experience with that kind of stuff, so it might as well be an ordinary thing.
Not completely objective, no. Some I think would try really hard but I wouldn't expect them to be completely objective. I will definitely choose carefully the ones who I believe can give me the most objective opinion. And I said friends but these wouldn't necessarily have to be the closest friends, even mere acquaintances could suffice.
Can you suggest to whom I should then give my plan for an objective opinion, prior to talking with investors? Would giving it to someone who isn't a 'friend' guarantee a non-biased opinion? I'm not so sure. I'm thinking even complete strangers could have a biased opinion. That just depends from a person to person. I was thus hoping I could be able to choose the right people from the ones I know. And let me assure you, I'm not looking for somebody to tell me how good my plan is.
Thank you for you input.
Comments
If anything, exposing your business plan will allow others to give you feedback on it. You'll get to hear wonderful things like "your plan sucks, you need to x and y or you'll never succeed, etc...". Hope you have a tough skin and can take criticism.
Seriously though, unless it is a really innovative idea that will revolutionize the world, then it's probably best to let others in on it. Who knows, maybe you'll get some positive feedback too. It may also prevent you from wasting time on something that won't work or just isn't feasible or may have already been done exactly how you want to do it.
Thanks for your input. I know one should expose a business plan for feedback from others and I was about to do that, mainly to friends who I trust could give me as objective opinion as possible. It's just that I never thought of releasing it to the whole public, nor have I heard anyone do that before but then again, I don't have any experience with that kind of stuff, so it might as well be an ordinary thing.
You honestly think friends would give you an objective opinion? Giving it to friends is a pretty much guaranteed way to get biased results
Not completely objective, no. Some I think would try really hard but I wouldn't expect them to be completely objective. I will definitely choose carefully the ones who I believe can give me the most objective opinion. And I said friends but these wouldn't necessarily have to be the closest friends, even mere acquaintances could suffice.
Can you suggest to whom I should then give my plan for an objective opinion, prior to talking with investors? Would giving it to someone who isn't a 'friend' guarantee a non-biased opinion? I'm not so sure. I'm thinking even complete strangers could have a biased opinion. That just depends from a person to person. I was thus hoping I could be able to choose the right people from the ones I know. And let me assure you, I'm not looking for somebody to tell me how good my plan is. Thank you for you input.