You're making your pitches even tougher if you're using a generic, flavorless business plan.
But I know from experience that the last thing you have when you're starting your own business is an abundance of time to dream up creative ideas for your business plan.
Live Plan is another super-easy-to-use tool where you input your information and it creates a one-page, infographic-style business plan for you.
To attract investment capital for your venture, you have to think like an investor as you write your business plan.
The license for this plan is $16 and gives you access to hundreds of editable slides to choose from.
Have you noticed that the trend in business planning right now is that less is more?Explain how your technology works in simple, straightforward terms.Don’t try to impress them with your technical knowledge or assume the reader of the plan has the technical background you do.Your goal is to get the investors as excited as you are about the future prospects for your venture. It’s an expression of your vision for future success. Investors want to back companies that can achieve considerable size in a three- to five-year period.Show them why your market is rapidly developing, or already large, and why your venture will be able to capture market share at an accelerated pace.Both venture capitalists and angel investors have the difficult task of balancing risk versus reward in their decisions.Your first challenge is to show them the financial opportunity you are presenting to them.In business plan charts, color should be used only to clarify trends and relationships.Use color to emphasize single important data points, differentiate between real and projected values, or group related data: Charts, tables, and diagrams should be used in a business plan to summarize and present research that backs up your ideas and strategies.If your business plan contains only text, stick with a single-column layout that reinforces the linear flow of the document.If your business plan includes some supporting data in the form of charts and tables, use a two-column layout to juxtapose text with its corresponding data.