The ability to analyze a situation, make a decision and then take action is a common trait you will find of most successful entrepreneurs. Whether they decide yes or no, and then act accordingly, these entrepreneurs understand that the key is to actually do something. Procrastination or relying upon the excuse of “we are waiting…
Today, I am going to briefly review the reasons for writing a business plan as well as provide an overview of the three main types of business plans. Why Should You Write a Business Plan? People write a business plan for many reasons. The most common reason entrepreneurs give for writing a business plan is…
I am often asked by our business plan software customers to assist them in determining their best options for raising capital. Having been down that path many times, I always try and impart whatever knowledge or wisdom I can to help them smooth the road ahead. Raising capital is not easy. It takes time, energy…
Any entrepreneur who has started a business and needed to raise capital to grow has probably received this same bit of wisdom – “You’ll need to get your friends and family to invest”. Sarcastically you reply, “Great, I never would have thought of that”. Now that your sarcasm has made you feel much better, the…
“Around the globe, investors complain about a lack of investment readiness among their potential investees. What they want to hear is a compelling impact story based on a sound financial bottom line – preferably in a language they can easily understand.”