Wednesday 17 October 2012

Why Sample of Business Plan is the Right Guide for Your Business


Regardless of whether you are a serial entrepreneur with several successful launches under your belt or a first timer, a sample of business plan can help you understand the various stages of business planning better. There are two reasons why companies develop business proposals. The first one is to determine the best strategy and game plan to grow their business and keep it on the path to progress. The second is to raise money.

It is not easy to get funding in today’s business situation. Research show that venture capitalists fund less than one percent of the business proposals they see while angel investors fund only 11 percent of the plans brought to them. Over the past three years, the number of SBA loans granted, has nose-dived by 56 percent. Sample of business plan can help you understand what exactly it takes to convince investors to back your proposals.

Research Well to Know How to Take the Next Step

Those who research a sample business proposal before taking the plunge are more likely to succeed than others. A look at these figures will show why it is crucial for entrepreneurs to go through sample of business plan if they have to succeed in their venture.

•    80 percent of new businesses fail within the first five years
•    91 percent of businesses fail within 10 years of starting
•    Only a miniscule 3.9 percent business ventures make it to $1million revenue
•    Only 0.6 percent businesses make it to $5 million revenue
•    Revenues of major business houses have remained relatively flat over the past five years

sample business proposalThose who have perused a sample business proposal have had a better experience with their startup venture. They have been able to create the right marketing and sales strategy for their business and devised the right business model. Their business proposals have communicated their goals and objectives brilliantly to their investors and banks which have in turn, helped them raise the funds they needed for the smooth launch and management of their business.

Free Sample Plans to Help You

You can peruse sample of business plan for any type of business online. Top business planning companies offer their potential clients a chance to go through various research materials and sample plans to convince them of their skills and competency in creating world class business plans. Most successful entrepreneurs have managed to achieve their goals because they tied up with good business planners. It is important that you associate with business planning companies of repute and one with a proven track record of success if you have to achieve your immediate and long term business goals.

A good business document is also important to help raise finances to fund your venture. Convincing venture capitalists and investors is undoubtedly one of the toughest tasks for any new or seasoned entrepreneur. They want to know where and how their funds will be utilized and what will be the break-even point. Lenders will invest only in solid business proposals that have a clear blueprint for success and long term profits. Professional business plan writers can help you develop plans that are guaranteed to find favor with investors and banks.

No comments:

Post a Comment