Business plan review is a detailed survey of a business plan prior to submission to a venture capital firm, bank, commercial lender or private investor. Usually a business plan is targeted at a specific audience, such as potential equity investors. In this case, business planning must include the large profit potential of the company as well as the risks involved for the investors. If the reason for preparing the business plan is to facillitate more efficient operation in the company, then only a small portion of background information is needed. The main focus should be on the more specific aspects of operations. Business planning can also be used to compare your company to other competitors in the market place and mold your business according to this information. It is important to differentiate your business from the rest of the marketplace and business planning can be a vital resource in this endeavor.
One of the most important things to keep in mind while preparing a business plan is to keep your forecasts conservative. It is very easy to overestimate future revenues and underestimate costs associated with doing business. In business planning, staying conservative in estimations will give your business some cushion if unforseen problems should arise.
Another thing to consider in the planning stage is how your business is going to get funded. We have categorized the investing criteria of over 4000 different lenders. Simply run a capital search of our lender directory to be matched with a funding source. You will only be matched with lenders whose criteria you meet 100% so you will not have to waste your time with lenders whom you cannot qualify with.