World Class Faculty & Research / February 2, 2009

Perfect the Business, Not the Business Plan

Broadcast Dates: Feb. 5, 2009, 7:30 p.m.; Feb. 8, 2009, 7:30 a.m.; Feb. 9, 2009, 4:30 a.m.

 

Big news for entrepreneurs: Don’t waste your time on a business plan.

In this edition of Smith Business Close-Upwith the University of Maryland’s Robert H. Smith School of Business, Dr. Brent Goldfarbtalks about his new research that finds the way a business plan is written has no bearing on whether a company receives funding.

Goldfarb, assistant professor of management and entrepreneurship, worked with David Kirsch, an associate professor in the same field at Smith, to study the business plans of more than 700 dot-com companies from the late-1990s to early-2000s boom period. Kirsch keeps records from dot-coms in his Business Plan Archive, a historical preservation project with the Library of Congress. They compared the companies’ business plans with venture capital funding decisions. 

Smith Business Close-Up is co-produced by the Robert H. Smith School of Business and Maryland Public Television. The television segment focuses on the latest thinking in business management, and features in-depth interviews with Smith School faculty and other members of the school’s community of business leaders.

Where to watch
Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Your Business and Money. The program airs at 7:30 p.m. on Thursdays and is repeated the following Sunday at 7:30 a.m. and Monday at 4:30 a.m. on public television stations throughout Maryland and the Washington, D.C., metropolitan region, including:

 WMPB-TV (Ch. 67), Baltimore 
 WMPT-TV (Ch. 22), DC metro/Annapolis 
 WCPB-TV (Ch. 28), Salisbury 
 WFPT-TV (Ch. 62), Frederick 
 WWPB-TV (Ch. 31), Hagerstown 
 WGPT-TV (Ch. 36), Oakland

Media Contact

Greg Muraski
Media Relations Manager
301-405-5283  
301-892-0973 Mobile
gmuraski@umd.edu 

About the University of Maryland's Robert H. Smith School of Business

The Robert H. Smith School of Business is an internationally recognized leader in business education and cutting-edge research. The school’s world-class faculty facilitate experiential learning opportunities rooted in the real world. Smith students learn to think like entrepreneurs, prepared to drive positive impact. The school offers undergraduate, online and on-campus business master's, full-time, part-time, online and executive MBA, plus PhD and DBA degree programs, and non-degree and executive education programs. Where Smith leads, the future follows.

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