I need money for my business. Why do I need a business plan?
If you want to attract investment capital for your business, whether it’s a startup or you’ve been in business more than three years, investors need to see a business plan before they decide whether or not to invest. They’ll expect the plan to cover all the main issues to ensure that their investment with you will be a success. Your Business Plan should also contain answers to the investor’s questions.
If you want to motivate a lender when applying for a loan, your business plan will serve to back up a business loan application. Like investors, lenders want to see your plan to ensure they will have every likelihood or getting paid back. Your plan, whether it is used to attract investment capital or secure a loan, is expected to cover all of the main issues. Your Business Plan should also contain answers to a lender’s questions.
What are the main issues or points your plan needs to cover?
Your plan will include:
• Executive Summary
• Company Structure
• Product or Service Description
• Marketing Plan
• Strategy and Implementation
• Management Summary
• Financial Plan with three to five year Financial Projections per lending guidelines
What questions do you have about creating a Business Plan?
What should be included in your “Executive Summary?”
NV Business Services, LLC brings to your table over 30 years of experience in the financial industry and has written hundreds of business plans for a variety of industries. We have helped companies raise capital in the forms of loans and investment capital. We know what it takes to become successfully funded. Let us help you take your business to the next level!