Having a true "blue" (introvert and analytical) personality type, I often feel envy towards charismatic (often extravert) entrepreneurs and more specifically the ease with which they can setup new businesses and coordinate different activities. At the same time, it amazes me how many of those successful entrepreneurs have poor skills in financial management and have no clue how to build even a basic business plan. Maybe this is also the reason of their success, as they manage mainly from their gut-feeling and act before analyzing everything. Obviously this tactic has its limits, as when attracting investors or when scaling, some kind of business plan will be required as a common guideline to work towards. Having worked years as a consultant and working now as an Innovation and Product manager, I can honestly say I have seen my fair share of (financial) business plans. Obviously you can make a financial business plan as simple or as complex as you want. However given that ...
A weekly blog with articles on the future of financial services sector and more particular specifically Fintech, but also on topics, like IT and digitalization and its impact on the world (like e.g. mobility). #fintech #bankingsector #innovation #bankingtechnology