Top Reasons Why Your Business Plan Did Not Work Out

1. Top Reasons Why Your Business Plan Did Not Work Out https://www.maroofhs.com/post/business-plan-writing-for-lenders-and-investors/

2. Investors often think twice before funding start-ups, so your business plan has to be exceptional to impress them. But if your pitch deck fails to get the much-needed funding from investors, there must be something wrong with your business plan. Here are the reasons why a business plan might fail to get the investors' attention: Unrealistic Assumptions It's good to be optimistic about your businesses' future and present it to investors. But, you should be realistic as that's what makes investors genuinely see the potential of your business and fund for it. Financial projections and cash flow statements should be presented accurately to get funded. Explaining sales forecasts without complete information can be a red flag for investors. You need to focus more on cash flows and not just profits while presenting your business plan. Using Business Plan Templates If you've used ready-made templates for your business plan, that can be another significant reason for your plan to fail. Templates are great if you're doing a quick presentation for a business meeting but not your business plan.

3. No competition It's great that you have a business idea, but there's no business without a competitor in the market. If you mention that your business is new and has no competition to investors, they will not buy it. You need to go out there and look for companies doing what you're doing. Of course, it will not be the same, but you will have direct and indirect competitors. So, please do your research well before putting anything in your business plan and presenting it to the investors. Final Thoughts Business plans are crucial to get that "YES" from investors as that's what determines your initial success. It's essential to craft a business plan from scratch so that your idea is well-thought-out on paper and presented. These are some of the most common reasons why a business plan fails and if you're still unsure why it failed, here are more reasons other than the ones mentioned above to check out. More details visit https://www.maroofhs.com/post/business-plan-writing-for-lenders-and-investors/

4. You can reach us at: 3-100 Hanlan Road, Woodbridge, ON L4L 4V8 Phone: (647)724-4308 Email: Canada@MaroofHS.com https://www.maroofhs.com/contact/ https://twitter.com/MaroofHS https://www.facebook.com/MaroofHSCPA