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Are All Business Plans the Same?

When you first set yourself to the task of writing a business plan it can be overwhelming. You may ease the tension by finding a sample copy of a business plan online and simply copying the basic structure, but that is not always the smartest thing to do. While most business plans are created with the same basic structure, there are different types of business plans. What you include in your plan is determined by what you intend to accomplish …

To Receive Funding, Your Business Plan Must Answer Three Key Questions

If you want to receive funding from venture capitalists, your business plan must answer three key questions. Here they are:

What are your funding requirements?

Don’t just toss out any figure. Instead, specify the amount you need, but be prepared to operate your business differently, depending on the amount of funding you actually raise. If you prioritize the essentials for your business and identify what can be eliminated, you’ll be prepared to answer a common venture capitalist question: What would …

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