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  • 29 May 2014
  • Eric Michaels

How Wise Business Plans Deliver a Blueprint for Success

Every entrepreneur must have an endgame when launching a business. The problem is seeing the idea through to that point of success. Rather than searching for a fix-all component to add to a quality business idea, the best approach is to draft a business plan for a company to follow throughout its growth stages. Once that road map is drawn up, you can apply for financing, look for investors, and negotiate deals for office space and equipment. Wise Business Plans can help you transfer that blueprint for success onto paper.

What business plans offer entrepreneurs

Having a clear idea of your company's direction and brand identity is great, but you will not always be present to communicate your vision. In fact, many investors are not going to be interested in hearing an entrepreneur's pitch without a concrete business plan behind it. Once you set your concept to words, you will have a bona fide document that says you mean business.

...the best approach is to draft a business plan for a company to follow throughout its growth stages.

While you draft a business plan, you have the opportunity to troubleshoot holes in your idea. Fact-finding and market research may reveal you have some work to do before you bring an idea to the public. Learning that lesson before you look for financing is crucial. You never want to miss an opportunity because you tried to leap into the next phase without the proper preparation.

Wise Business Plans deliver a competitive edge

What separates an amateur from an entrepreneur that is ready to attract investors is a professionally crafted business plan. Choosing the Wise Approach means discussing your concept with a live operator (i.e. a human being) so you can communicate everything essential to your company. From there, staff members brainstorm using the information you give to develop a clearer picture of your business plan.

Once they have what they need to craft the document, MBA degree holders start to work on drawing up the business plan. The Wise Business Plans approach takes into account what financial institutions and private equity firms want when they put your company's goals into words. After you get a look at the plan to add anything you believe is important, the plan is yours in just a matter of days.

Taking your plan to the world

Business plans formally introduce your company to interested parties. That may include investors who want a new opportunity or U.S. Small Business Administration (SBA) officials who can facilitate a loan or grant application. The benefits of loans from the SBA are substantial. When you qualify for a loan through a private institution, the U.S. government backs your loan. In addition, this office sponsors a venture capital program that investment funds use to find business opportunities.

Financing through the SBA may be the safest option for entrepreneurs looking for an infusion of cash, but there are many other ways to find money. In any case, the introduction to investors must involve the presentation of your business plan. Getting the idea on paper may not sound like a big deal, but it could be the difference between taking a company to the next level and watching it stagnate for years. When a business doesn't grow, it moves backwards.

Other available SBA resources include tips on hiring and managing employees, filing taxes, obtaining proper licenses and establishing sound workplace protocol. In fact, once you have your business plan and sources of financing lined up, the SBA may be your best ally as you move your company through the growth stages and into the realm of profitability.

Wise Business Plans understand the challenges entrepreneurs face when trying to turn an idea into a functioning operation. When you are ready to take that next step, go in with a well designed business plan.

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