How much does an investor value an actual business plan compared with how you present it?
Tuesday, January 17, 2012/
How much does an investor value an actual business plan compared with how you present it? I feel I always come across better face-to-face, rather than on paper.
Both face-to-face presentation and written information are equally important, purely because everyone is different and you simply don’t know what the investor prefers.
Personally, I am always watching how the idea is presented but appreciate the professional business plan when it’s prepared.
In any circumstance when you are seeking funding, the best way is to cover all bases, demonstrate your effort, work and thinking process.
It’s one thing to win an investor over with your charm face-to-face but inevitably you will need to move to the next stage with a business plan, so why not have it all there, ready for the taking at the outset.
I may know a good idea and a person worth investing in within the first five minutes but if they can’t back it up with solid evidence of their intended approach, research and of course, figures, they’ve lost me just as quickly.
Practice your presentation both verbally and in written form and you will be better off than just relying on one of these components.
Consider this, if the shoe was on the other foot and you were the investor, what would you want to see?
From the frontlines
Startups, synagogues and soonicorns: Exploring the world’s most innovative ecosystem Charlotte Petris Timelio founder
Australia needs to follow the UK and introduce a flexible work bill Gemma Lloyd WORK180 founder
The ‘anti-startup’ story: How to turn $1,000 into $15 million with no investment Alex Georgiou ShineHub co-founder
New venture? How to decide who and what to bring along for the ride Colin Anson pixevety co-founder
Five critical questions: Are you listing your startup too soon? Lisa Schutz Verifier founder
Three massive influencer marketing fails businesses can learn from Anthony Richardson Q-83 founder