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	<title>Innovate Indiana &#187; Burton D Morgan</title>
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		<title>The Burton D. Morgan Curse: More Reasons Why Initial B-Plans Don’t Matter</title>
		<link>http://innovateindiana.biz/2008/04/15/the-burton-d-morgan-curse-more-reasons-why-initial-b-plans-don%e2%80%99t-matter/</link>
		<comments>http://innovateindiana.biz/2008/04/15/the-burton-d-morgan-curse-more-reasons-why-initial-b-plans-don%e2%80%99t-matter/#comments</comments>
		<pubDate>Wed, 16 Apr 2008 04:25:14 +0000</pubDate>
		<dc:creator>JC</dc:creator>
				<category><![CDATA[Misc]]></category>
		<category><![CDATA[b-plans]]></category>
		<category><![CDATA[Burton D Morgan]]></category>
		<category><![CDATA[business plans]]></category>
		<category><![CDATA[startups]]></category>

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		<description><![CDATA[In Marc Andreessen’s post, he says the following: “If Thomas Edison didn&#8217;t know what he had when he invented the phonograph while he thought he was trying to create better industrial equipment for telegraph operators&#8230; &#8230;what are the odds that you &#8212; or any entrepreneur &#8212; is going to have it all figured out up [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.rpxgroup.com/UserFiles/Image/illustrations/business_plan_segments_2.0.gif" alt="B-Plan" align="left" height="284" width="285" /></p>
<p class="MsoNormal">In Marc Andreessen’s <a href="http://blog.pmarca.com/2007/07/why-a-startups-.html)">post</a>, he says the following:</p>
<p><strong><em>“If Thomas Edison didn&#8217;t know what he had when he invented the phonograph while he thought he was trying to create better industrial equipment for telegraph operators&#8230;</em></strong></p>
<p><strong><em>&#8230;what are the odds that you &#8212; or any entrepreneur &#8212; is going to have it all figured out up front?”</em></strong></p>
<p>Yet we jam into people’s heads that before they start a business they have to have everything well laid out in business plan.<span>  </span>This truly makes no sense for a number of reasons, but I will not delve into them here.</p>
<p>The meat of this post is this: The Burton D. Morgan business plan competition has been in existence for over 21 years now.<span>  </span>Where the hell are all the “startups” that win these competitions?<span>  </span>Clearly the winners had phenomenal business plans.<span>  </span>So what the hell are they doing?!?<span>  </span>One reasonable conclusion someone can draw is that <strong><em>their disappearance into the oblivion had NOTHING to do with their business plan</em></strong>. <span> </span>It’s almost as if the winners of the Burton D. Morgan competitions fall into a black hole never to return.</p>
<p>If you’re among the new winners of the latest Burton D. Morgan competition, control your destiny and do not fall victim to the curse.<span>  </span>In my humble opinion, the best way to beat the curse is to execute, execute, execute.<span>  </span>And when you get tired, execute some more.<span>  </span><span>  </span><span>  </span><span>  </span></p>
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