Will my lack of education hurt my chances of getting business funding?
It may, but it doesn't have to be an issue, unless your education deficiency could negatively impact your ability to perform as the leader of your business.
It's always a good idea to stress your strengths in your business plan, not your weaknesses. Talk about why you think you'll succeed in this type of business. Tell the reader why they should believe in your abilities.
However, if any deficiency you have is likely to be a topic of discussion with banks or investor prospects, it's best for you to bring it up eventually, and show your plan to overcome the issue.
Remember, some of the most famous entrepreneurs in history, and today, lack impressive educational backgrounds, and many are the wealthiest men in the world.
Brain Trust contributor:
Related Categories: Business Planning, Communication, Entrepreneurship, Negotiating, Training And Education
© 2007, Small Business Network, Inc., All Rights Reserved.
AskJim ID: 238