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Attracting Investors: You Need a Realistic Business Plan

Attracting Investors You Need a Realistic Business Plan

Writing a business plan that can attract the right investors to your business requires strategic steps. But first, you need to determine the purpose of the plan to help you get a direction. You can outsource a realistic business plan writing to experts. Keep reading to learn more.

Here are some result-oriented tips to help you write a winning business plan;

Tip #1: Capture the Interest of Prospective Investors

The best place to pitch your business is in the executive summary of your plan. Bear in mind that your prospects also have tons of business plans coming to their tables. So, make sure you get the attention of the prospect instantly. The executive summary captures the entire plan in a concise manner. This segment of the plan comes last and should include authentic facts to prove your business is worth investing in.

Tip #2: Be Realistic

When it comes to timing and similar factors, you should be as realistic as possible. So, be realistic when it comes to the timing of the profits you’re expecting. What matters to investors most is steady growth. They are not interested in abrupt and unrealistic leaps into higher profits.

Tip #3: Study Your Industry

To ensure a realistic comparison of your business, you need to study your industry. Some of the aspects to focus on during the study include the duration involved in getting the product to the target market. Other aspects include labor expenses and actual costs of materials. Bear in mind that the prospective investors will most likely check your industry as they assess your business plan.

Tip #4: Pay Attention to a Plan for Growth

The investors also want to see the plan you put in place for your business growth and expansion. So, you should pay attention to this section of your plan as well. For instance, you may want to add complementary products. This section may also include a plan to add new products as the business grows.

Tip #5: Write about How You Can Beat the Competition

Since competition is becoming stiffer by the day, investors want to see practical steps you have put together to beat the competition. For instance, you may want to provide after-sales service such as installation as a way to stay on top of the game. You should be very profound, realistic, and practical with this segment.

Tip #6: Emphasize Your Team’s Unique Expertise and Competencies

You should demonstrate that your team has both the expertise and experience to deliver what you have promised in the plan. So, ensure you highlight the unique expertise and experiences of you and your business team in the plan.

Finally, don’t delay seeking professional help if you cannot provide the quality of a business plan that would win an investor’s heart.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.

One Response to “Attracting Investors: You Need a Realistic Business Plan”

  1. Shawna Schuh says:

    Like!! I blog quite often and I genuinely thank you for your information. The article has truly piqued my interest.

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