You are probably either chomping at the bit to write your business plan and share your new venture idea with others or you find the writing part of the process dreadful. There are many schools of thought on writing a business plan. At one end, some investors expect a formal, 500-page leather-bound volume. Okay, probably not. At the other end, some think that business plan writing is an antiquated practice that should go the way of the dinosaurs. After all, today’s business environment is so dynamic that information changes too quickly for a business plan to stay current and be useful. Where should you stand? Think of your business plan as a snapshot in time and do your best to keep it current. No matter where your business funding is or will be coming from, you need a business plan -in writing- to capture your thoughts, articulate your business proposition and, most importantly, learn what you don’t know. The sooner you can identify your knowledge gaps and potential risks, the sooner you can develop strategies to fill and mitigate them, respectively. Access Biomedical Solutions can help you develop a solid business plan and strategies for testing your hypotheses, filling your knowledge gaps and developing a risk mitigation plan.
There are several government funding opportunities, especially for small businesses. If you have decided to write a grant, you could benefit from working with an experienced grant reviewer who can help you craft your grant proposal in the best possible light. Access Biomedical Solutions can help with writing, reviewing your proposal or incorporating reviewers’ feedback if you have already submitted grants to government agencies.
There are many non-government funding options for businesses. You can use your own funds, money from friends and family, bank loans, or seek investments from private equity, venture capitalists or angel investors. Unless you are self-funding your business, other investors will want to know as much as they can about your new venture. While your business plan is a key document that covers your business in detail, oftentimes, a relatively brief, concise, and complete with key information presentation needs to be given to potential investors. Work with Access Biomedical Solutions to understand your audience and tailor your presentation accordingly.