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You will need a business plan before you ask anyone to invest in your business.

29 May

My friend who is a vice president at a large bank reads business plans all day. Some of them are longer than 90 pages. He reads them and usually denies the applicant’s request for funding. He says some plans are beautiful, but they do not convince him that the company would be a good risk. I can only wonder how much time new business owners spend writing 90-page business plans when they should be spending their time and energy running their companies. If you think your company is a good risk, explain why in your business plan. From Escape the Cubicle

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