Often you may hear about what a business plan consists of. While including the necessary items is very important, you also want to make sure you don't commit any of the following common business plan mistakes: 1. Putting it off. Don't wait to write a plan until you absolutely have to. Too many businesses make business plans only when they have no choice in the matter. … [Read more...] about 8 Common Business Plan Mistakes
Business Plan
Do You Need a Business Plan?
Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one. If you are seeking funding from a venture capitalist, you will certainly need a business plan that is comprehensive, well thought out and demonstrates sound business reasoning. If you are approaching a banker for a loan for a start-up business, your loan officer may … [Read more...] about Do You Need a Business Plan?
Why You, Why Now – A Critical Component of a Winning Business Plan
Business plans continue to be an essential element of the capital-raising process. A winning business plan must convince investors to take notice - investors that are shrewder today due to the ups-and-downs they have experienced over the past few years. Adding to the financing challenge is the plethora of high-quality companies, both public and private, in which investors … [Read more...] about Why You, Why Now – A Critical Component of a Winning Business Plan
Common Elements of Business Plans
Creating a business plan is an important step. Often it is the step most often missed by new business owners that don't want to be bothered with paperwork. However, consider this, for those entrepreneurs that create a solid business plan success in business nearly doubles. With new business failures so statistically high in the first five years why wouldn't you want to increase … [Read more...] about Common Elements of Business Plans
What is an Investor Ready Business Plan?
A Business Plan, as all good entrepreneurs starting out in life should know is the foundation, or rather a springboard, towards the establishment and growth of a new business. A business plan is an essential tool for companies raising capital -- and your business plan needs to be Investor Ready. What is an Investor Ready business plan? An investor ready business plan is … [Read more...] about What is an Investor Ready Business Plan?