I know I’ve said this before, but I just had a long talk with a brilliant young entrepreneur in a bad situation, and I want to say it again:
Getting your new business financed is not necessarily a good thing. It’s not the obvious goal. Getting investment, by itself, is not a win.
No. Investment is a good thing for a startup only if it’s the right investment, with the right partners. Investors are not just money, they’re the people that own the money. They become your partners. Yes, like spouses.
This is important: You’re much better off with no investment than with incompatible investment. Incompatible investors is as bad a situation as incompatible spouses. Bootstrap if you have to. Cut your plan down, if that’s what it takes; make it smaller, focus more. The wrong investors have killed companies more painfully than no investors at all.
How LivePlan makes your business more successful
If you're writing a business plan, you're in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.
As you'll see in a moment, LivePlan is more than just business plan software, though. It's a knowledgable guide combined with a professional designer coupled with a financial wizard. It'll help you get over the three most common business hurdles with ease.
Let's take a look at those common hurdles, and see how producing a top-notch business plan sets your business up for success.Click to continue