The business plans
issued by new startups are the documents that indicate the idea of the venture
planner and the founder and the vision about the future and the expectations
from the newly born idea. The document is not for the planner him or herself
because they already know what it is all about and what the idea is capable of
doing. The idea is actually for the people who might be interested in making a
fortune out of the idea by becoming its funding source and investors. There are
a few things that every person who might be interested in becoming a possible
funder needs to know about these plans.
First thing is that
these plans are prepared by business
plan experts who are professionals at documentations of these ideas and
portraying them as possible and practical courses of actions. The reader hence
must bear in mind that the idea that is being conveyed to him is prone to error
and irresponsibility because the writer of this plan has tried to exaggerate
the capabilities of the plan rather than providing a realistic picture about
it. It may not be so that all the information provided in the plan is
exaggerated but the idea of this entire practice is to understand that it is
all a marketing stunt hence there is a possibility that it may be over
promising certain things and may under deliver them.
The tier 1 entrepreneur guidance
is taken by the venture owners before they go on to establish a document about
the business idea and hence one can expect that the ideas being presented in
the document may not be entirely
produced by the owner as a lot of foreign help has been taken for its
preparation. The readers of these plans should bear in mind that the idea of
preparing a business plan at the first place is to leave an impression on the
readers so that they can either buy the idea of investing in the venture or the
idea of becoming partners with the newly established business. Hence the
readers need to bear in mind that they may get carried away by the over
promises that are being made to them and should stick to realism and gauge the
practicality of everything being mentioned in the guide.
Tier 1 investor
guidance is acquired and used by most startup owners for making their plans in
documented form and hence the readers must not confuse the knowledge of the
consultancy hired by the actual owner with that or his or her own because the
idea is to persuade people into wanting to become a part of the newly
established business. The establishment of business in reality might not be
equally as effective and efficiency as in the papers.
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