Being a successful entrepreneur and angel investor, I have seen my share of business plans. I'm still waiting to have one land on my desk where I don't have to ask a multitude of questions to get the whole picture. So where do people go wrong and what can a new business or start-up do differently when putting their plan together?
This week saw the surprise $1bn acquisition of hipsterlicious photo-sharing app Instagram by Facebook, making overnight multimillionaires of its 13 employees. Facebook is no stranger to picking up small businesses here and there, largely for talent acquisition, but this is clearly bigger than hoovering up a few more skilled coders.