Winning Business Plan Competitions is Not a Business Model

In today’s guest post on Tech Cocktail I talk about my observation that many startups are spending too much time on business plan competitions and not enough time on building their business. Just last night I spoke to one company that has crushed it in the business plan competition world, having won hundreds of thousands of dollars of prize money. While that clearly gave them a huge lift, they admitted that the discipline of winning the competitions was very different than building their business.

Agree? Disagree?

See: http://tech.co/winning-business-plan-competitions-is-not-a-business-model-2013-06

Neil Kane