What is an Investor Ready Business PlanA Business Plan, as all good entrepreneurs starting out in life should know is foundation, or rather a springboard, towards establishment and growth of a new business. A business plan is an essential tool for companies raising capital – and your business plan needs to be Investor Ready.
What is an Investor Ready business plan? An investor ready business plan is a document that has been professionally prepared to meet needs of both Venture Capitalists and Angel investors. In your Business Plan, you should be able to see your own project through investor's eye. Your plan must be able to answer concerns of an investor.
The investors, both VCs and angels, are risking their hard earned capital by investing in your venture in hope of long term returns that are worth many times their original investment. An Investor Ready Business Plan demonstrates to investors that you are an expert in your industry and that you have a clear mission. An entrepreneur addresses these needs by prepareing a comprehensive and detailed view of their business objectives and goals. Some important sections that address different concerns of investors are below:
Management
Investors invest in management - not just ideas. It is very important that you express your knowledge, passion and dedication to your business as best as you can. The competence of your team along with their experience levels and their commitment levels are also factors that investors look into before making their investment decisions.
Customers
It is important to communicate to investors that you understand needs and requirements of your customers and to articulate your marketing strategy within your business plan.
Product/Service Description
A complete description of product or services offered by you should be outlined in detail. A description of overall market for your product or service, along with details of your customer base is essential. The investors need to know reach and kind of customers your product / service is catering to.