Business Plan
The 10 minute business plan
Introduction
OK now that you see what investors REALLY want in a business plan – here we go!
WHAT YOU DO
I have seen hundreds (yes hundreds) of business plans and investor presentations that
after 3 minutes (and sometimes even 10 minutes) – I had NO IDEA what the company
did. Don’t make this mistake. You NEED to clearly articulate in the first paragraph of
your business plan – what exactly you do. No smoke and mirrors, no big industry
buzzwords, just a simple – often called your Mission Statement or Vision Statement: My
company will sell web-based software to help individual tax payers file their own tax
returns electronically.
Remember, it takes 6-9 months minimum for companies to raise capital in today’s market
– so be patient, focus on growing your customer base / revenue and review each of the
resources listed below:
1) Funding Resources:
2) Business Services:
3) Statistics / Research:
Demographics of the U.S. market – important for every business plan (Census.gov)
The Ultimate
Business Plan
The 10 minute business plan