About Entrepreneurs: Business Plan Blunders
 | from Scott Allen
There are hundreds of business plan how-to's available that provide step-by-step instruction on creating a business plan. But many have followed those instructions and still not gotten funding. Why? Guest author Akira Hirai answers that question, pointing out the most common problems investors see in business plans. We've also got our own step-by-step guide to writing a business plan, plus tips on dealing with investors and lenders.
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In the Spotlight |
Why Business Plans Don't Get Funded
Your business plan is very often the first impression potential investors get about your venture. But even if you have a great product, team, and customers, it could also be the last impression the investor gets if you make any of these avoidable mistakes.
| | Business Plan Step-by-Step Outline
The process of writing a business plan helps ensure that all aspects of your business are focused on the same goal, and that you don't have any major gaps in your business model. And, of course, if you go out to borrow money or get investors, you will need to have a formal business plan in place to present to them. A business plan can also help you communicate more effectively with potential employees, partners and customers.
| Due Diligence Is No Mystery
When getting funded, the due diligence process can be excruciating for the business. But if you know what to expect, it will be far less painful.
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