Entrepreneurs often ask business plan writing service providers if they need any business plan at all unless they are looking at raising an external investment for their startup. A business plan is a set of complicated documents, entrepreneurs usually try keeping them on the back burner and only create it before a fund-raising situation.
image courtesy:Planning Financials
However, they overlook the fact that they require the business plan more than anyone else since it works as a blueprint strategy for the company, team communication, and progress metrics. More than an external investor, a successful business plan writing services helps clarify the roadmap to the entrepreneur and benefits the entrepreneur since they are the ultimate investor.
Business plans writing services are an excellent alternative for entrepreneurs and SME’s which offers expert business plan writing services in respective industries and what will be required to make the business idea successful.
There is enough content available on what should be included in a successful business plan and what will make them fundable. But rarely entrepreneurs look at the other side of the coin and gauge what are the shortfalls in a business plan that make it non-fundable.
Following is such a list of few reasons why usually a business plan is not fundable by any investor.
Disparity between founders
Investors invest on people and not on business ideas. No matter how exciting a business idea is, it also requires the right kind of people to execute the same. People are the most important asset to any company and a right team with a good experience mix makes it a winning combination. In the journey of building an enterprise, such team members will often have their difference of opinions or style of working.
It is important to set of people who can make up for their differences and come to a common conclusion in the interest of the company. Usually, the external team members like advisors come to a rescue in such a situation.
Many entrepreneurs normally try to make the next Facebook, Twitter or whatever of the world. Such ideas are mistrusted by investors or other stakeholders and usually are avoided by them. In rare cases, this phenomenon has also worked. Example Google was the next Yahoo, but there are very few exceptions to this law. Big disruptive successes create a new market and don’t merely copy-paste an existing available model or a business idea. It is important for an entrepreneur to resolve a critical mass problem than making a better version of an existing product for its long-term sustainability.
Overlooking the problem-solution fit
Investors appreciate a problem-solut… READ MORE