Business plans are one of the most important marketing tools for your new business.  A new business with a sharp and focused plan will be the one that gains the attention of venture capitalists and eventually receive investment monies.  Is your business plan ready to be shown to a venture capitalist firm?

How would you know whether a business plan is perfect or not?  First, a business plan cannot be a simple template easily downloaded from the internet and switched with your business information.  It must be unique and well-written with your business in mind. 

Who Should Write Your Business Plan?

Preferably your business plan should be composed by a professional writer who specializes in business plans and can make your business shine.  Although there are many do-it-yourself software packages available, a professional writer has the experience and the narrative capability to help your business plan shine.  However, a professional writer is not cheap or inexpensive.  They are experienced professionals who should have a number of other business plans under their belt.  But the money spent on a good writer may be the difference in attracting the attention of venture capitalists.

What Should Your Business Plan Focus On?

Your business plan must focus on the strengths of the business.  Are you planning to fill a special niche in your industry?  Or provide a special value-added service?  Be sure to highlight how your business will stand apart from the rest.  Is your business leadership team composed of top members in the field with stellar resumes?  Give special attention to that focus in the plan. 

The Financials

By far, you will find that venture capitalists will want accurate projected financial data in your business plan.  Give the financial section of your plan extra attention.  Conduct research on other similar start-up companies in your industry.  What was their financial growth like?  Use all the data available to provide the most complete and comprehensive financial projections possible. 

Before you go into a meeting with a venture capitalist firm, be sure you are ready to provide them with a shining business plan.  Write it well.  Do the research.  Focus on your strengths.  With the right business plan, you will have the tools to get a VC firm on your side.

Tags: angel investor, angel investors, business funding, private investors, small business funding, vc meeting, vc pitch, venture capital

This entry was posted on Friday, December 12th, 2008 at 5:25 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.