Underestimating the Importance of Business Plans, Companies Risk Losing Money and Time
Jacksonville, FL -- (SBWIRE) -- 01/21/2013 -- The experience of receiving poorly written, useless business plans from inexpensive business plan writers have made many companies believe that business plans are no longer necessary in order to start a profitable business. It seems that it is widely considered that, with or without them, the outcome is the same. The business plan experts at Blue Horizon Venture Funding and Business Consulting (BHVC) say this is a very dangerous misconception: good business plans are not just necessary, they are what will guarantee the success of any business.
Receiving mediocre business plans have caused entrepreneurs to identify a problem in the wrong place: it is not the business plan in itself the problem, but making partnership with unreliable, cheap and inexperienced companies. In fact, without a business plan, no business could ever survive. Trying to build a business, raise capital, or receive funding is almost impossible without having well-documented information from a reliable business plan. Starting a business without a plan could take more time and cause losing a lot of money in the process.
The BHVC business plan consulting experts say that not having a well-researched business plan means losing to the competition and, eventually, failing. A good business plan should be based on a thorough research of the market, competitors, potential clients, and contain well-thought marketing and financial plans. This valuable information helps entrepreneurs to be prepared for launching the business successfully, and to get funding. Many times, investors ask to see the business plan, and not offering them a good plan could mean losing investment opportunities.
There are few entrepreneurs who really understand the importance of having a good business plan and the support of an experienced business consulting company. These are the entrepreneurs who usually succeed. However, in order to be successful, it is not enough to form partnerships with any business consulting firm. Sometimes, inexperienced consulting companies, that offer cheap solutions, can slow down or even interfere with the progress and success of a business. Forming partnerships with reliable business plan consulting firms is important for the progress of a business.
Many times, entrepreneurs are attracted by the idea of making money fast, taking the shortest possible way to success. This could mean underestimating the value of a well-written business plan or of the partnership with an experienced business consulting company. However, without intelligent financial solutions, serious money and significant time can be wasted.
An excellent business plan facilitates capital raising, funding and the progress of the business. The experts at BHVC expect a change in the trend of the last years, as the number of entrepreneurs who request well-researched, valuable business plans will increase.
About Blue Horizon Venture Funding and Business Consulting
BHVC (http://www.businessplanconsultants1.info/) provides business consulting services with the purpose of raising capital, facilitating international expansion, and receiving venture funding. The business plan consultants at BHVC have helped their clients to raise $175M in funding.
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