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The most difficult part of writing a business plan is articulating what you will do to maintain your position in the market as time goes by and new competitive threats appear--which they invariably will.
Show what types of skills and experience are required to succeed in this type of business--and how you have gone about assembling your team with these specific requirements in mind.
Business plans need to be understandable at a glance to attract funding.
Key statistics like these can go a long way towards convincing your investors that you’re worth their time and money.
If you’re going to include them within larger paragraphs, make sure they stand out by increasing their font weight.
You're making your pitches even tougher if you're using a generic, flavorless business plan.
But I know from experience that the last thing you have when you're starting your own business is an abundance of time to dream up creative ideas for your business plan.Your goal is to get the investors as excited as you are about the future prospects for your venture. It’s an expression of your vision for future success. Investors want to back companies that can achieve considerable size in a three- to five-year period.Show them why your market is rapidly developing, or already large, and why your venture will be able to capture market share at an accelerated pace.Updating and referring to your plan on a regular basis can drive better decision making and help keep your focus clear.This is critical as the demands of growth, customers, staff, and investors threaten to cloud your company's vision.Live Plan is another super-easy-to-use tool where you input your information and it creates a one-page, infographic-style business plan for you.To attract investment capital for your venture, you have to think like an investor as you write your business plan.Investors see business plans for many dynamic technologies over the course of a year.Their major concern is whether the technology can make money.Keeping these tips in mind will ensure that your business plan design feels clean and professional and doesn’t distract from your content.You want your information, not your formatting, to be the focus!