Re: Business Plan
 
>  BFH> the detailed cost and profit to some banker. I don't really thing
>  BFH> that the banker or even a patent attorney keeps secrets well.
> Giving ones business plan to the banker has been a sore point with me for 
the
> longest time.  I can understand the giving of a Financial Statement.  
Anybody
> that lends money wants to know what the borrower has, what volume of 
business
> one is handling and what other liabilities one has.  But a business plan as 
t
> how and what I am going to do, is like giving away a trade secret.
> It gets worth when one is just starting a new business.  One is telling 
someo
> else of a 'good idea' before it has a chance to get started on it.  As 
there 
> no such a thing as a 'confidentiality' this brand new idea can land in the
> hands of someone else before the original person can establish it self in 
it.
> But what can be done about it?  
>         ...Vija
> --- FMail/386 1.0g
I'm glad that you and I realize the diabolical things that can happen here
when a business plan ends up in the wrong hands. Too often bankers will tip
off their friends on ideas. I remember when video stores first came out. I
know of one guy who had no brains at all but some money get tipped off and
located a video store in a prime location. He got the tip from exactly the
same sources we fear. See the banker just happened to notice that a lot of
loan applications coming in for videio stores, and ready the business plan
and started to talk abut it in his circles. Bang, someone moves faster. I
don't know of any lawsuits due to these things, but business ethics are not
what they used to be. When the odds are big, even ethics may not help, no
loans, cash buy in keeps thing confidential more.
--- VFIDO 6.20.00 Gamma Candidate 1
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