article thumbnail

How to Get Funding for a Business

Up and Running

Actually, banks don’t finance business startups. Banks aren’t supposed to invest depositors’ money in new businesses. Myth #3: Business plans sell investors. A well-written and convincing business plan (and pitch ) presents your business to investors in detail; but they are investing in your business, not just a plan.

SBA 161
article thumbnail

Beware of Business Plan Writers Who Oversell

Up and Running

Entrepreneurs, beware of business plan writers who oversell. There are people who sell business plan writing as if the business plan itself — the formatting, the structure, the editing, the production values — will or won’t get investment. Investors don’t invest in business plans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

If You Want To Start a Business Start Here

Up and Running

Do your research and validate your idea: You’re probably going to be doing this at the same time as you write your business plan. It’s the lean format of the business plan—the format that will allow you to adapt fastest as you progress through the startup phase. The County Business and Demographics on the U.S.

article thumbnail

Where to Get Feedback on Your Business Pitch

Up and Running

Enter a competition: Business plan and pitching competitions are a great way to get targeted, specific feedback; after all, you are putting yourself into a context where getting feedback is a main goal, as opposed to getting funding (though plenty of competitions do include a monetary prize). See Also Bplans Small Business Loan Finder.

article thumbnail

26 Businesses You Can Start for Free

Up and Running

Professional finder. We’ve covered the process of becoming an event planner extensively here on Bplans, including my articles How to Make More Money As an Event Planner, 11 Resources You Can Use to Grow Your Event Planning Business, and our free wedding and event planning sample business plans.

Design 60
article thumbnail

[Singapore] Go Global

YoungUpstarts

– Grants to help SMEs defray costs.

Singapore 100
article thumbnail

Solving the "marketplace" business model

A Smart Bear: Startups and Marketing for Geeks

If there's a business plan less likely to succeed than a restaurant , this has to be it. These companies typically make money either by charging sellers for listing (akin to the yellow pages) or by charging a sales commission (akin to a "finder's fee"). Or a flat "finders fee" per lead? A marketplace is born.