Between the explosive growth in technology, readily available information on almost any topic and the regulatory changes occurring in the investment landscape (ie: Crowdfunding), entrepreneurs are in a better position than ever to start a company and successfully raise capital.
With that, there are some core questions that your business plan must address if you plan on succeeding in securing an investment from anyone, let alone a venture capital firm.
Your plan should address these questions:
- Why and how is your company going to become a dominant player in an emerging market?
- How large is the addressable market?
- What problem are you solving?
- What differentiates your solution?
- Is your technology proprietary?
- How and when are you going to become profitable?
- Who are your customers?
- How have your customers reacted to your product or service?
For an informative article on assembling an effective business plan, go to http://vcexperts.com/vce/news/buzz/archive.asp and click on the link for “Flight to Quality: Why Business Plans Don’t Get Funded.”
If you have a business or are starting a business that can answer these questions and are looking for financing, please contact us to see how Barenberg can help you.