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What to Look For in Your Next Business Plan

by on March 17, 2018 in Funding The Biz Tips

A business plan is more than a vision or outline. It’s a direct reflection of your financial, marketing, and overall strategic execution.

Your plan serves a few purposes. What to Look For in Your Next Business Plan

  • Sales document aimed to attract investors
  • Vision/ Goals
  • Feasibility

Wherever you go with your next business plan always start with a clear, concise summary of your business. This will include its value proposition, it’s team, and extensive market research that shows how you will succeed.

What Investors Look For in Your Business Plan

Investors for your business will consider quite a few things before they put their money where their mouth is. Oftentimes this includes your team positions, titles, and responsibilities. A track record proving your success, and an awareness of your competitors.

Bargain Business Plan takes into consideration your funding needs. They can tailor your next business plan to investors using their market expertise.

Pain Points

If you have no conceivable challenges to face in your business venture, it’s sure to fail. Include in your next business plan where there is any potential downfall and how to prepare for it. BBP does extensive market research to help address your competition.

Remember to include indirect competitors who may be in a different market but still appeal highly to your targeted customer.

Tell a Story

A business plan is more than numbers. It’s also not a list of colorful adjectives. Your neck business plan tells the story of the business, it’s purpose, and what inspired it. This includes the founders and creators of the business idea.

Take investors and consumers on a journey from concept to realization. There should be an element of realness that not only attracts the right investor, partners, and consumers–but also a place for you to return to when the going gets rough. A story that reminds you that sales may not always be up, but there is always tomorrow and a way to improve.

Join the BBP team to write your next business plan that delivers the results you’ve been waiting for.

 

 

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