Write Your Own Business Plan

A business plan is absolutely essential for most businesses starting up or in the conceptual phase. The problem is the people having the ideas that are going to make the money don’t know how to create a business pan that is a high enough quality to achieve its purpose.

You can write your own business plan!

Sometimes in some cases it is better to pay someone to write your business plan for you like if you have extra money burning a hole in your pocket, you don’t have access to the right information, or the expertise to write effectively. It takes a little salesmanship as well as current and relevant market research, so sometimes it is worth it to pay someone to make your business plan.

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11 Reasons You Need to Have a Business Plan

  1. You need to have the opportunity to be able to formalize your plans. By going through the motions of creating a plan, you get to write your thoughts on paper allowing you to organize thoughts more effectively.
  2. A Business Plan will put you in a better position and give you a better chance for success.
  3. Do you plan to approach a financial institution or a venture-capital firm for funding. If so you will definitely need a business plan.
  4. By creating a business plan, the process will help you to create Long Term Goals, Mid-Range Goals and Short-Term goals.
  5. Helps you to determine resources needed to assist in the operation of your business.
  6. Helps to identify obstacles and challenges you may face each day thus allowing you to make clearer business decisions with more confidence.
  7. Will help you to learn things about your business you didn’t realize before, this will help with sounder decision making in the days, months, and years ahead.
  8. How do you know if your idea is viable? Preparation of an Internet business plan is a great way to get the facts to provide proof your business idea will be worth investing more time and money into.
  9. Improve your strategy – Test different assumptions related to your market through your own Internet business plan strategy. Through the use of spreadsheets you should be analyzing financial scenarios and refining your strategy as needed. Review various costs, prices and market conditions related to your market and experiment with different scenarios – “Be Open to changing your approach and plans accordingly.”
  10. Creating your customized Internet Business Plan gives you credibility by showing people you are taking your on-line business venture seriously. Taking the time to research your business project and the market demonstrates your commitment to success.
  11. Keep your company focused on results – As your company grows it is important to compare business progress to your projected goals as well as objectives. It is important to your success you evaluate your company’s progress and ward off possible problems which could arise. A business plan will help to keep your company focused on results and on track to succeed in your chosen market.

10 Things Investors Look For in a Business Plan

A business plan does so much more than layout the internal structure of an organization. It provides some key insight to the money-men, the venture capitalists, the angel investors, the private investment bankers or even the traditional bankers. Remember that these people see hundreds, thousands of business proposals a month. And they’re all looking for certain things that either make them love your proposal — or send it immediately to the shredder. We’ve worked with nearly 50 investment firms at one point or another for clients for whom we have written business plans, and based on our experiences and the people involved, there are some important factors investors look for the most from the business plan.

1.) How much money is already invested? Do the client or other individuals/companies have a stake in the business?

Sometimes the difference between getting a loan and getting rejected is as simple as that. Imagine you’re coming to an investor with a fabulous business plan and you need, say, $500 million for a resort and real estate project. In your proposal you clearly state that you do not have one single dime invested yourself (yes, we had a business proposal like this once!). Do you honestly believe an investor is going to give you the time of day? Of course not. You haven’t taken any sort of risk — why should the investor?

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