3. A visit from Ron Kornfeld

Ron came to our class and talked about business plans. He starts company's for a living and his current project is Nimble source. Overall I think that he gave us some interesting incite from beginning a business plan to the finish(even though you are never done with your business plan updates).
One thing that I didn't know about busness plans is that you will need diffrent ones depending on who you are dealing with, being either investors or internally with partners or employees but I guess that I could see the diffrences as not wanting to share company secrets with outside people that could possibly steal your idea. Another thing that I thought that was interesting about this is that you keep track of each copy and put the name of the person that your giving it to on the page.
From his visit, one thing that I took away from this is that you need to have an excellent presentation with your business plan. It can't be too short or else the investor will not take you seriously. It needs to look appealing to the reader, such as being bounded like a book. Last but not least, you need to make sure that there is proper use of grammar and spelling through out your business plan and make sure that you prof read it, even read it backwards!
I had really liked his presentation and I thought that he was very informative about business plans, starting businesses, and presented himself very well.