If you've been perusing business plans on the Internet, it might seem like there is no such thing as a simple business plan. In fact, most of the samples floating around are upwards of 60 pages, include page upon page of charts, graphs, and other diagrams, and include highly detailed demographic and market research. It begs the question, "Do I really need all this?" The truth is that most entrepreneurs only need a simple business plan. This is particularly true if you're seeking angel investment, venture capital, or a loan. Many investors and lenders receive so many business plans they can't possibly read all of them, so those that get to the point quickly and are most compelling, are typically the most successful. When creating a simple business plan, then, here are some things to avoid:
• Including too much detail
• Using business jargon
• Including unnecessary information that doesn't progress your narrative
• Inserting pages and pages of market research
Instead of falling victim to these common traps, focus on creating a simple business plan that's streamlined, persuasive, and that highlights why your idea is compelling or unique. Again, these are the business plans that are most likely to be read by an investor or lender, and thus are the most likely to actually secure funding and get off the ground. If writing a simply business plan seems like a challenge you might not be up for, though, help is available. MasterPlans, the leader in business plan writing, has helped scores of entrepreneurs just like you start the business they've always dreamed of. Give us a call today at 877-453-2011 for a free consultation!
