In January I had the pleasure of organizing and moderating the Annual “Nuts and Bolts of Business Plans” seminar series at MIT. Although these seminars are aimed primarily at MIT students who are planning to enter the $50K Business Plan Competition, many nonstudents attended as well. There were 12 excellent outside speakers covering the topics of marketing, finance, business plan basics and “war stories”. In reviewing the notes I took during the series I was struck with how consistent the message was from these 12 speakers who never met each other and how similar that message was to what has been said by the 50 or so unrelated speakers who have participated in the series over the past six years. The storyis a summary of those messages.
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