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	<title>Comments on: Pay to play business plan competition?</title>
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	<link>http://www.businessplancompetition.co.uk/2009/10/pay-to-play/</link>
	<description>A guide to UK Business Plan and Business Competitions</description>
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		<title>By: Arthur Meadows</title>
		<link>http://www.businessplancompetition.co.uk/2009/10/pay-to-play/comment-page-1/#comment-2</link>
		<dc:creator>Arthur Meadows</dc:creator>
		<pubDate>Tue, 13 Oct 2009 10:53:49 +0000</pubDate>
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		<description>I think this investment group has very limited experience in marketing! 

Paying for the advice of an experienced, savvy and well-connected entrepreneur / business angel to review / improve / accelerating one&#039;s business is a worthwhile expense. 

There are plenty of so-called advisers that would be delighted to take $5k from any aspiring entrepreneur.

From the angel&#039;s perspective, they do receive plenty of business plans that are poor quality, immature or unsuitable for angel investment. So some form of financial barrier will self-filter entrants and eliminate frivolous applications.

$200-500 entrance fee would be acceptable. As a former entrepreneur, I would want to see guaranteed face time with a competition &#039;judge&#039; to justify the $5k expense. 

Go back to the drawing board, Revolutionary Angels, and improve your pitch!</description>
		<content:encoded><![CDATA[<p>I think this investment group has very limited experience in marketing! </p>
<p>Paying for the advice of an experienced, savvy and well-connected entrepreneur / business angel to review / improve / accelerating one&#8217;s business is a worthwhile expense. </p>
<p>There are plenty of so-called advisers that would be delighted to take $5k from any aspiring entrepreneur.</p>
<p>From the angel&#8217;s perspective, they do receive plenty of business plans that are poor quality, immature or unsuitable for angel investment. So some form of financial barrier will self-filter entrants and eliminate frivolous applications.</p>
<p>$200-500 entrance fee would be acceptable. As a former entrepreneur, I would want to see guaranteed face time with a competition &#8216;judge&#8217; to justify the $5k expense. </p>
<p>Go back to the drawing board, Revolutionary Angels, and improve your pitch!</p>
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