Quickly Communicate Your Competitive Advantage
If you have an idea to start a new business, it is very likely that someone already has the same idea and has already approached the investor about financing. Therefore, it is more important than ever in 2016 to communicate the competitive advantage of your company as quickly as possible. We place the competitive advantage as the first page of the business plan to ensure that investors are immediately interested to read more. Immediately going into details about the market size or discussing the entire business model in a holistic manner will leave them confused rather than informed about what differentiates you in the marketplace.
Be Concise and Stay Under Thirty Pages
In the past, a business plan was a lengthy document that was well over forty pages of unnecessary information. It has never been more important to remain concise because as the competition for startup financing increases, investors will spend less time on each business plan and are only concerned with the critical details. If the plan is excessively large, it is likely that investors will quickly read through the plan and ignore important details that are critical to the success of your company. Pro Business Plans does not typically write plans that are over thirty pages in length. If for some reason the plans exceed this amount, we re-consider some of the content that has been included to determine its degree of importance.
Only Use Accurate Third Party Research
We have seen many business plans that use independent studies that include focus groups, reports from unknown research firms, and inductive reasoning based on anecdotes. Investors largely ignore all of this data and often adopt a negative impression of the entrepreneur due to their naivety of using such research. Only market data from respectable research firms should be used such as IBIS World Industry Research, US Census data, and CapitalIQ. Investment banks have their own research database, but many smaller investors may expect that the business plan includes such reliable information that may be used to form the basis of their decision.
If you are creating a business plan for immigration or specific purpose, it may be required to meet specific standards and criteria in order to be accepted. We provide business plan advice to ensure that your plan meets compliance standards for immigration to prevent any delays or rejections in the immigration visa application process. Our consultants work closely with legal teams to communicate exactly what requirements the business plan must meet and can help you to effectively meet these requirements by providing business plan advice.
Business Model Development
Many start-up companies fail because their business model is not appropriate for the market. Their revenue model does not make financial sense when it is analyzed by a third-party, the market demand has not been properly tested and needs to be revised, or some other fundamental dimension does not make sense. Pro Business Plans can help your company to structure the business model in a way that makes sense to investors and can help your company have more success in the market. We provide objective business plan advice and work with you to apply it for the investment presentation and are happy to stick with you to oversee its tangible success.