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Developing Your Business Plan
A solid business plan is absolutely essentially to both financing success and success in launching and growing your company. This section includes proprietary knowledge gained from 10+ years of Growthink's first-hand experience developing business plans for over 1500 companies which have raised over $1 billion in growth capital.
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5 Tips for Improving Your Business Plan's Credibility
The moment you start hyping up your business to investors is the moment they get turned off. Simply put, you can't say how great you are; rather, you need to prove it. You really need to be careful with superlatives like "world-class," "best-ever" and the like and replace them with actual accomplishments of your management team and third-party market research. . . . keep reading
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The 10 Ingredients to a Killer Business Plan
The Center for Venture Research reports that less than 2% of business plans succeed in raising capital. This is because most business plans are poorly prepared and are missing key ingredients. Here are the 10 things you MUST include. . . . keep reading
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Ten "Deadly" Business Plan Mistakes
Want to turn off investors? Then tell them you have no competitors and ask them to sign a Non-Disclosure Agreement. But seriously, doing any of these 10 things can ruin your chances of raising capital. So avoid them at all costs! . . . keep reading
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Updating Your Business Plan
Business plans are not static documents. Rather, they are dynamic documents that change often. Keeping your business plan up-to-date can be a critical factor in both your ability to raise capital and . . . keep reading
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Realism vs. Optimism in the Business Plan
The most important function of a business plan is to create interest among investors so that they write a check. In achieving this goal, business plan writers are often challenged by determining the proper level of optimism in their plan. That is, they must create a compelling story to investors while maintaining credibility. . . . keep reading
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Developing Realistic Financial Assumptions in Your Business Plan
Many investors skip straight to the financial section of the business plan. It is critical that the assumptions and projections in this section be realistic. Plans that show penetration, operating margin and revenues per employee figures that are poorly reasoned; internally inconsistent or simply unrealistic greatly damage . . . keep reading
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The Marketing Plan and the Four P's
The Marketing Plan section of the business plan demonstrates how a company will penetrate the market with its products and services. The Marketing Plan should include "the four P's" -- Product, Promotions, Price, and Place. . . . keep reading
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Two Types of Business Plan Executive Summaries
Companies seeking capital often ask how long the Executive Summary of their business plan should be. The answer depends upon the use of the summary, mainly determining if 1) it precedes the full business plan OR 2( it will be used as a stand-alone document. . . . keep reading
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