April 18, 2011
The first reason why businesses fail is not that the entrepreneurs didnâ€™t know what they were doing, or they didnâ€™t have the right vision or they hired the wrong people. The first reason why companies fail, according to the U.S. Small Business Administration, is the lack of money. Basically, if you have enough money and a powerful business plan, you simply canâ€™t fail.
The main idea is that you canâ€™t get real money for your business without a professional business plan that instills confidence in your potential partners or investors. And most entrepreneurs fail to create great business plans that actually excite investors and make them pull out their check-book.
Download the step-by-step business template guide for only $1 right here <==== Letâ€™s face it â€¦ if you donâ€™t really know what to write in the sections of your business plan (Executive Summaries, Customer Analyses, Operations Plans, and Financial Projections etc.), you have a major problem. The reality is that business plans do not get funded based on the idea behind the business itself, even if your unique business idea and vision are important too. Basically, if anything is wrong about your business plan, you will find out only when itâ€™s too late. And more important, once your business plan is rejected, it will rarely, if never gets a second chance. Venture Capitalists, Loan Officers and Angel Investors have a very specific way they want and expect a business plan to look. If any part of your plan doesnâ€™t match what they want and are used to, they will never look again and they will certainly not invest. And due to the statistics, 93.7% of business plans never receive a single dollar for funding. That is why it is so important that you create a professional business plan that will make the investors say â€œYes, tell me more about it. I want to invest in your businessâ€, instead of â€œSorry, but Noâ€. Investors and bankers spend on average 42 seconds looking at a business plan. So, if you donâ€™t excite them in the first 42 seconds, your business plan will go directly in the garbage. Download the step-by-step business template guide for only $1 right here <==== As we all know, time is money. That is why it is very important not to spend months in writing a business plan that in the end will not be successful. Instead of this hard work, we strongly recommend a business plan template that can easily be understood step-by-step and personalized for your own business idea. Not only will it squeeze money out of investors and lenders. But it will give you a roadmap for growing a successful business.
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