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- Crafting plans that get funded (January 13, 2025)
Crafting plans that get funded (January 13, 2025)
Dave Lavinsky
January 13, 2025
Here’s what we will cover today:
Learn how to write a plan that convinces investors to fund your business
Discover an AI tool to create a professional business plan in minutes
Explore the billion-dollar evolution of domain names
Quote of the Day
“Customer service is an opportunity to exceed your customer’s expectations.”
~John Jantsch
Today’s Tip
Below are 3 tips to ensure your business plan is ready to penetrate the checkbooks of any funding source to which it’s presented.
1. Always remember that your business plan is a marketing document
You will use your plan to convince a lender or investor to write you a check not to tell a lengthy and/or boring story.
2. Write with confidence, but be careful of superlatives
Your business plan needs to give investors and lenders confidence that you will be successful. However, at the same time avoid superlatives like “best,” “greatest,” “most powerful,” etc., unless you can back them up.
3. Answer the key questions, but not all the questions
The purpose of your business plan is not to answer every conceivable question that an investor or lender might pose. Rather, you need to answer the key questions that will get them excited about your venture, and influence them to invest more time meeting with you to discuss investment possibilities.
Today’s Resource
Turn Doubts into an Actionable Business Plan
What’s stopping your business dreams? Is it the overwhelming feeling of where to begin, or the fear of falling short in front of investors and lenders?
PlanPros.ai eliminates those fears.
Our AI software doesn’t just help you start; it gives you a roadmap to grow, fund, and succeed, all in minutes.
Answer simple questions, and watch as we transform your idea into a professional business plan with financial projections, strategies, and investor-ready designs.
Don’t let doubt hold you back another day.
Trivia
Today’s Question: The founders of Nike started the business as distributors for what "Tiger" footwear brand from Japan?
Previous Question: A self-confident businessman, what is the name of Jerry's father in Seinfeld?
Previous Answer: Morty
Morty Seinfeld, played by Barney Martin, is a fictional character on Seinfeld. He is Jerry Seinfeld's father. His wife, Jerry's mother, is Helen Seinfeld.
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