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Wednesday, August 4, 2010

Business Plan Writing

It’s said that half of all businesses fail in the first year. So, when looking to raise venture capital for a business, you need a viable business plan; and that’s where the Business Plan Writing for Venture Capital Cashmap can come into play.

Another aspect of a successful business is learning from others and not having to (as they say) “re-invent the wheel”. This Cashmap package allows you to look over other successful business plans and see what has worked in the past. Depending on what sort of group, company and/or agency you are going to be submitting your business plan to, you need to tailor the plan accordingly. As an example, some government agencies want to know if you’re a minority owned business, a veteran, or if you can qualify for some sort of special grant. The SBA (Small Business Administration) often has various programs that you can apply for.

If you have an existing company that you are looking to expand, you will also need to document what you’ve done in the past (your company’s history), and what your products, services and goals are for the future. These latter items are typically encompassed in a mission or vision statement. You need to pull these together in a clear and concise manner. A long and wordy business plan will not be popular; people will not want to read it. So, trimming it to be the perfect length is important.

Another key aspect of a business plan is marketing. For investors to believe in your business plan, they have to know that your business is going to have a market, and that you’ve figured out how to appeal to that market. The  Cashmap package can help you with all of these things. No matter the structure, funding or summaries and/or tables you need, you can find the information to guide you through creating a business plan.

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