What is the first Impression potential investors get to know about your business venture?
It’s your Business Plan! You can have a great product, team, and customers but make a mistake and your plan will not get noticed.
Investors see thousands of business plans each year, even in this down market. Apart from a referral from a trusted source, the business plan is the only basis they have for deciding whether or not to invite an entrepreneur to their offices for an initial meeting.
With so many opportunities, most investors simply focus on finding reasons to say no. They reason that entrepreneurs who know what they are doing will not make fundamental mistakes. Every mistake counts against you.
Business plans are often packed with too many details about the product and service of it instead of the profitability of the business.
Initially, investors are interested in the following:
1. How do you want to spend the money? 2. How will you be able to pay it back? 3. Did you secure market? 4. Are you experienced in the industry?
Keep the business plan simple. Make sure it can be implemented on a reasonable budget.
We can assist you in ironing out those mistakes and ensuring your business plan gets noticed by keeping it simple.
Contact our office today and let me help you with your business plan.