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Carl Schramm is University Professor at Syracuse University and former president of the Ewing Marion Kauffman Foundation. He currently consults for corporations on innovation and invests in companies with great founders and no business plans.

 

THE LATEST

"Burn the Business Plan" explains that the importance of a business plan is only one of the many misconceptions about starting a company. Another is the myth of the kid genius—that all entrepreneurs are young software prodigies. In fact, the average entrepreneur is thirty-nine years old and has worked in corporate America for at least a decade.

Burn the Business Plan tells stories of successful entrepreneurs in a variety of fields. It shows how knowledge, passion, determination, and a willingness to experiment and innovate are vastly more important than financial skill.