April 27, 2011
ANZ Business Banking Manager Fred Ohlsson, announcing the launch of another business plan competition (emphasis mine):
Nearly all the business ideas we see are great, however sometimes people haven’t always thought through and covered off all the details like how they will get paid or researching if there is a genuine market for their product or service.
Pesky details!
By the way, I recommend the competition to every startup founder who values their time at zero - if you’re selected as one of the regional winners your prize is $1000 cash, $1000 of services from “website and social media experts” and $1000 of legal advice (how many 6 minute units is that I wonder?)
I suppose this sort of reality TV approach is how we choose pop stars these days, so why not startups too!
Source: Stuff