Daniel Kehrer May 05, Comments 5 If you are thinking of buying new vehicles, equipment, machinery, phones, computers or other technology for your business, could be the year to do it. This includes most new and used capital equipment, and also includes software. In addition, bonus depreciation was increased to percent on qualified assets new equipment only.
Not in my opinion. Because it depends on where you are in the investment cycle. If you are seeking early stage seed capital then spending hours and lots of cash on professional fees on a detailed business plan will probably turn out to be a waste of time because most investment managers or angel investors will be interested solely in: The rest is all pie-in-the-sky — you know it and they definitely know it!
But as an early stage start up, how do you make the right first impression to be able to enter into meaningful conversations with potential investors and ultimately pave the way to attract venture or angel funding? Getting the content and tone right is key. Here are some of the key questions I think early stage start-ups should be addressing: Killer question demanding a killer answer.
What is it that your competitors are not delivering or are incapable of delivering?
They are already up and running. Be courageous enough to acknowledge their strengths but pick out the areas where you plan to differentiate and thrive. How would your customers describe the pain they are suffering and how does your product or service solve this? What would they do without you?
How much more will it cost to get your product or service out to customers? Is it finished and ready to roll or do you need more investment in product development and research?
Where has the technical know how come from? Are you entitled to commercialise the rights? Is it coding that you as founders developed yourself or have you used third party software or coding other than open source?
How will you reach out to your customers? What is your planned mode of attack? What will it cost? Is there anyone out there who you can partner with? How will you continue to grow sales or revenue without incurring a corresponding increase in costs?
Investors like scaleable businesses. How easy will it be for others especially your competitors to copy you? Barriers to entry might include technical know-how that could take competitors months or even years to crack — even better if you have patent protection.
How much might it cost for your competitors to get up to speed? Would it be possible for you to set up quietly and hoover up a discreet market? You could them move onto another market niche or segment and another before the big players have cottoned onto this new challenger in their midst.
Sure, things will change. When will you break-even? What are the big unknowns? What could go wrong and what steps are you taking now to mitigate these risks?
Are there any other success stories in your sector? What values did they exit for and how quickly did they do it? Where did they make mistakes and what will you do differently?
Where have you and your fellow founders emerged from? Do you have stories of previous success in similar sectors?
Have you built and sold other businesses?The purpose of this plan is to secure additional funding from an investor and a bank ($29, investment, and $30, five-year term business loan), to cover the start-up costs. Take-Out Pizza, Inc. is a family-run start-up business dedicated to providing excellent Start-up Sample Business Plan.
Pizza, Inc. The Madison Startup Fair returns Tuesday, September 25th on the UW campus for a new fall edition! It’s part career fair, part startup showcase with a goal of connecting students to Madison area startups. Madison is home to one of the fastest growing tech industries in .
A sample of deodorants made by American Provenance, a startup company in the town of Blue Mounds that will move to bigger space this summer to better accommodate its growth. Seeking Seed Funding: 12 tips for early stage startups I was recently put on the spot at a Technology event and asked how much I would charge for assisting a tech startup in preparing a business plan to secure investment funding.
Start-up costs and funding After spending several months searching for a convenient location, the owners decided to lease a commercial space in a . Business Made Better. If you are thinking of buying new vehicles, equipment, machinery, phones, computers or other technology for your business, could be the year to do it.