On Wednesday we had a guest speaker named Rob Kornfeld. He talked to us about business plans. His presentation was on his 5 step program to business plans. He is the author of the template in which we will base our business plans on. He knew his material very well it seemed like he’s an expert on this stuff (he is). The part that most stood out to me was when he said “Any brilliant business plan can be explained in a tweet”. I think what he is trying to say with that is you just have to be concise and not fill the plan up with useless garbage. Another main point I found is prepare your business plan for a specific audience. If you’re showing the plan to engineers, make it more technical, if you’re showing it off to a financial institution, make sure to have the finance section in detail. Overall, I thought Mr. Kornfeld gave a professional presentation, was very informative.
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