Professionals and academia alike have been screaming the importance of business plans for decades. Thousands of books and millions of lines of code have been written to help entrepreneurs write one. You’ll use it raise money, court co-founders, and explain yourself to potential partners. It’s often defined as the 20-to-50 page document that explains where you’re taking your company. A high quality plan can be the difference between getting what you want, or not even getting the first meeting at all.
Why do you want a business plan? You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don’t know about. – Entrepreneur Magazine
Nearly all business experts agree on one thing: the importance of drafting a business plan. – Dummies.com
The value of a business plan simply cannot be overstated. Putting ideas and concepts down on paper is invaluable and the act of researching and compiling data about your competitors and the market will prove to be very useful in the years to come. – NASDAQ
Possibly The Most Important Business Writing You’ll Ever Do! – Biz Plans Plus
What I’ve learned as an entrepreneur and investor is that it’s important to outline your business plan carefully. Consider all the variables so you don’t rush into anything and test your assumptions. – Forbes
A business plan is an essential tool for companies raising capital – and your business plan needs to be “investor ready”. – VC Gate
We could have easily found hundreds more quotes, but I think you get the point: this is an incredibly important document to the success of your business.
We’ve invested in over 100 different startups in the last three years, so we’ve seen our fair share of both amazing business plans, as well as embarrassingly bad ones. Here is a list of the biggest mistakes we see:
-The deal’s structure is either sloppy or absent
-The writing is piss/poor and alludes to any number of other unknown weaknesses the founder probably possesses
-The content doesn’t focus on the meat of the opportunity
-The hypotheses discussed are not realistic
-Too many rookie-red flags are shown
These are the steps we’ll go through to create your executive summary:
1. We’ll set up a phone call with one of our startup experts for a consultation. The goal of this phone call will be to (a) learn more about your company (b) determine the more likely ways that you’ll personally need a business plan (c) provide our opinions as to some strategy and structure and then (d) learn more about the who/what/when/where/how of the opportunity so we can…
2. We will then write a rough draft given the information that we have, and email you a copy of it.
3. You’ll make edits and provide feedback.
4. We’ll make changes accordingly and send you the final copy. If it requires further changes we’ll be happy to do so.
Want us to make it look beautiful too? Check this out!
To order a business plan, the first step is to start a casual email conversation with someone from our team. So fill out the contact form below and we’ll get back to you ASAP.