Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on
  • Have You Finished Your Business Plan?

    August 17th, 2010 No comments

    If you haven’t finished your business plan yet, then watch this free presentation to discover how to finish your business plan in 8 hours (or less)!

    On the other hand, if you HAVE finished your business plan, here’s how to make sure it’s ready for investors:

    A business plan organizes your thoughts; serves as a set of management guidelines; and introduces potential investors to your company. If your business plan does not answer certain questions, investors will forget you in a blink.

    So let’s review your business plan, one section at a time.

    Is the Executive Summary is clear, concise, and compelling? Does it clearly describe what your company does and who your customers are? Be sure it mentions how big the target market is and how fast it is growing. Lastly, see that it explains why you are uniquely qualified to succeed.

    Does the Company Analysis contain the basics? Make sure it includes your date of formation, legal structure, location, and growth stage. It should also list your company’s past accomplishments and why it is uniquely qualified to succeed.

    Does the Industry Analysis properly identify your industry? Confirm that it illustrates the market share size, growth rate, and trends – backed by data from at least one independent market research firm.

    Does the Customer Analysis clearly identify your customer segments? Each segment must include demographics, psychographics, customer need, and customer decision-making processes.

    Does the Competitive Analysis define both your direct and indirect competition? Include their strengths and weaknesses – and how you will overcome them. This section should also detail your biggest competitors, as well as all publicly traded competitors.

    Does the Marketing Plan show how you will serve the customer and deliver the product? Check for the Four P’s:

    • Products/Services
    • Promotions
    • Prices
    • Places or locations

    The Marketing Plan should also addresses how the customers will be retained, as well as any strategic partnerships you will leverage.

    Does the Operations Plan illustrate your company’s short-term and long-term processes? Short-term processes are everyday activities required for the company to operate (R&D, manufacturing, distribution, etc.) Long-term processes are projected milestones like product release dates, revenue benchmarks, and exit strategies (IPO, buyouts, mergers.)

    Does the Management Team section contain all bios for the management team and board members? If there are any management team positions that need to be filled, this section must describe those gaps.

    Are the financial assumptions and projections in the Financial Plan realistic? Closely scrutinize the Financial Plan, as this is the section that investors spend the most time reading. It should contain both prose and charts to paint a full picture of the following elements:

    • Revenue sources
    • Pro forma (projected future) revenue streams
    • Market share
    • Operating margins
    • Employee head counts
    • Additional funding sources
    • Exit strategies

    Does the Appendix contain all pertinent documents to back up the rest of the business plan? Insert any necessary schemata, patents, diagrams, additional financials, customer testimonials, etc.

    Finally, do a page count and a beauty check. Is the business plan under 30 pages? Is the formatting clear and readable? Does it have a cover sheet with a company logo? Your rule of thumb here is to see that your business plan is credible rather than flashy.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 266,559 bad guys.


Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round

Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.

Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects

Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding

Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies

Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains

Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster

Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


By using this website you agree with our cookie policy