Everyone has a different opinion on what is good, very good and great when it comes to most everything, let alone a business plan. Fortunately, a majority of the time investors and bankers alike believe our plans are great plans. Of course, you can't please everyone. There are other consulting firms that do a great job regularly, yet most small companies, not to mention so called “lone wolf”so called experts or out of work bankers that permeate the Internet and real world, don't complete great plans very often. They, like entrepreneurs who fall into the trap of Googling "business plans" and then using faulty software or templates, because they think good business plans are good enough.
Unfortunately, good is very rarely good enough. In a competitive environment where every investor, venture capital firm or bank is able to pick and choose between so many requests to lend the same or less money, only the great plans get funded. We review so many business plans completed by other consultants and entrepreneurs using templates or examples of flawed templates that are missing a true Executive Summary, a detailed Market Analysis, Rick Factors and Forecasts of substance, including Notes and Assumptions. The shame of it is so many have great business models and some have good business plans, but they choose the shorter and less expensive route in seeking funding. The bottom line? The highest of likelihood is a company without capital to have a bottom line.
Tim@TheBusinessPlanConsultants.com still offers a free consultation on your business plan or business plan considerations.
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