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 …