Writing a Business Plan is the Start of Your Online Business

If you are serious about the success of your online business then you need to find ways to give yourself every advantage you can over your competition. Writing a business plan for your company can be a crucial step in getting your profits to where you want them to be.

I. It is one of the best ways to motivate yourself and plan how to drive your business to the next level.
2. In case your business is just an idea in your head for a long time, writing a plan will materialize it.

A business plan can serve a couple of main purpose

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Why a Business Plan?

The recession has hit two groups disproportionately: the over-50s and the under 20s. The over 50s are increasingly turning to self-employment as employers are often blind to their talents and experience and find jobs increasingly hard to find and eBusiness, trading on the internet, is ideal for those with skills to sell.

But our generation is the last generation for whom the computer and the internet were an ‘optional extra’ for our formative years.

So does my eBusiness, with its low start up costs, its access to a world-wide market, really need a business plan? Wouldn’t it simply waste time and effort better used to launch a business?

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10 Things Investors Look For in a Business Plan

A business plan does so much more than layout the internal structure of an organization. It provides some key insight to the money-men, the venture capitalists, the angel investors, the private investment bankers or even the traditional bankers. Remember that these people see hundreds, thousands of business proposals a month. And they’re all looking for certain things that either make them love your proposal — or send it immediately to the shredder. We’ve worked with nearly 50 investment firms at one point or another for clients for whom we have written business plans, and based on our experiences and the people involved, there are some important factors investors look for the most from the business plan.

1.) How much money is already invested? Do the client or other individuals/companies have a stake in the business?

Sometimes the difference between getting a loan and getting rejected is as simple as that. Imagine you’re coming to an investor with a fabulous business plan and you need, say, $500 million for a resort and real estate project. In your proposal you clearly state that you do not have one single dime invested yourself (yes, we had a business proposal like this once!). Do you honestly believe an investor is going to give you the time of day? Of course not. You haven’t taken any sort of risk — why should the investor?

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