Connect with us


When Submitting Your Business Plan, Avoid These Five Mistakes



Shot of a young couple using a laptop while working on their home finances | Avoid These Five Mistakes When Submitting Your Business Plan | Featured

Submitting Your Business Plan | Any potential investor wants to see a highly readable and believable business plan with a summary, a management team overview, and financials but after submitting your plan many people think funding will just arrive when in reality it can take time.

By following the steps below you will be able to avoid some of the most obvious mistakes when raising funds for your project.

RELATED: Other Funding Options For Your Business

When Submitting Your Business Plan, Avoid These Five Mistakes To Raise Investment Funds

Collaboration is a key to best results | Avoid These Five Mistakes When Submitting Your Business Plan To Raise Investment Funds

One – When submitting your business plan and if you are a company that has the brilliant technical knowledge and no real sales expertise do not advertise it.

Information on your website including the management team biographies will clearly state the management team’s background including their technical expertise, their degrees, their patents, and such but amazingly their go-to-market strategy in the business plan is usually incomplete and sometimes missing.

Sign Up For The Capitalist Newsletter

The solution, make sure you have a credible go-to-market strategy with a credible sales leader. Nobody will invest if you don’t.

Two – Make sure your website is stunning. Too many companies think that running a business is all about the product and the abilities of the technical team – frankly, it isn’t.

This may be true but today investors will always expect to see more. They want to be convinced and when they will go straight to your website they are wanting to be wowed! Unfortunately, so many people provide what looks more like a school project.

Make sure your website is utterly brilliant and that it doesn’t look cheap. Ask a variety of people if it looks modern if it looks appealing, particularly in the photos and ask if it is easy to navigate.

Also please ensure that it is relevant – it’s not about how wonderful you are it’s about how you and your company will solve their challenges.

Three – If you are raising money through a prospectus or private listing make sure that your brochure stacks up.

Many people do not place enough time and effort into the visual appeal of a Private Listing Brochure and again you don’t want to provide a sub-standard document that will fail at every level.

Spend some time and money to ensure that you convey your messaging in a professional, crisp business-like manner and that it is logical and easy to read.

Also, don’t use random unverifiable facts – make sure that you underpin everything that you state will be possible with the latest research, etc.

Four – don’t use jargon. Anyone who goes to your site or who takes a look at any promotional material designed to answer questions won’t stand for jargon which usually means nothing to them.

If you must use jargon or acronyms, make sure there is an explanation – people won’t ask they will vote with their feet! A well-written website and brochure are music to the ears of potential investors

Five – Make sure that on your website and all other materials you have the same font. Make sure that the supporting marketing material looks great and make sure that the stories you tell are verifiable and relevant.

Lastly please don’t be controversial People will make their minds up on quality and this includes the look and feel, the overall professional approach.

If you can use proper references from proper companies. Don’t add something for the sake of adding something as it has to be contextual and relevant!

Follow these tips and life on the road to raising funds will be much easier.

About me: I am a serial entrepreneur and raise investment funds from $1m to $100m through my company Integer Wealth Ltd If you want advice on your business plan or have a project that needs investment email [email protected]

Thank You, Marc Bandemer

When Submitting Your Business Plan, Avoid These Five Mistakes

Article Source:

You Might Also Like:

Keep up to date with the latest finance news by following us on Facebook and Instagram.

Article Source:

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up For The Capitalist Newsletter

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

Is THE newsletter for…


Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!


Get ready to stay up-to-date with the latest business and market news from around the world!

The Capitalist is here to provide you with insightful data, analysis, and even videos to keep you informed.