You are currently browsing the MrBizPlan.com weblog archives for the day December 12, 2007.
- Mr BizPlan Says (44)
- December 31, 2008: It Was The Best Of Times, It Was The Worst Of Times
- December 24, 2008: A 2008 Christmas Poem
- November 23, 2008: The Next Great Depression...In High Definition
- October 7, 2008: How the Credit Crisis Affects Small Business
- September 26, 2008: Is Your Brand Awesome? Should it be?
- September 17, 2008: What's going on? From Wall Street to Main Street.
- September 2, 2008: The Universe of Opportunities
- August 7, 2008: Rags to Riches...Anecdotally Speaking
- June 30, 2008: Building Quality Financial Projections
- June 16, 2008: "The Only Thing We Have To Fear..."
Archive for December 12, 2007
Business Plan for Angel Investors or Venture Capital
December 12, 2007 by mrbizplan.
ColinC Asks:
I have a business concept that will require me to raise equity from a private placement. Should I use a more complex business plan?
Mr. BizPlan Answers:
I guess that depends on what you are asking.
If you are asking: “Should I use a more complex business plan than Capital Business Plan Basic the free online business plan software offered at www.diybizplan.com?” - then my answer would definitely be - Yes! You will need a 3-5 year financial projection, but it is a good place to start your business plan.
If you are asking me in general: “Does a business plan for raising equity capital have to be more complex than one that is written for, say, a bank loan. The answer is “No”. You will not necessarily need a more complex business plan for raising investor capital but one with a different focus.
Generally, Investors care about three main things (in no particular order):
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