A business plan is a "living" document with two primary
purposes - (1) to help raise capital and (2) to articulate the vision
and strategy for your company. A business plan should evolve as your
company moves through various stages of development and it should be
capable of effectively communicating your "vision" and investment
opportunity to potential investors.
T-Net British Columbia has developed guidelines to help
earlier stage technology companies and entrepreneurs develop effective
business plan summaries that will deliver your investment opportunity in
a manner that is preferred by investors within our network.
The Executive Summary
As a rule of thumb, most investors receive far more
financing opportunities and business plans than they can possibly invest
in or fully assess in a given year. Some local venture capital firms and
investors literally receive hundreds of business plans each year, of
which they may invest in less than ten. This volume of "deal flow" means
that investors often don't have the time or resources to read every
business plan in the detail in which an entrepreneur would wish. As a
consequence, many investors will initially request and review an
"executive summary" of your business plan to more quickly determine if
the investment opportunity meets their preferences and whether there is
interest in proceeding to the next step (usually a complete business
plan, plans to meet you, and more formal due diligence and analysis of
your investment opportunity).
The Problem of Standards
One of the problems however for both entrepreneurs and
investors, is that there is no standard format for the creation of
business plans and business plan executive summaries and the quality of
submissions varies widely. This makes it difficult for both parties
(entrepreneurs and investors) and may result in a business plan or
investment opportunity being dismissed or rejected for failing to
contain the right information, for poor organization, or for inclusion
of non-significant information.
T-Net's Solution
In our Entrepreneur Section, T-Net has developed an online
process that helps entrepreneurs create a standardized "Business Plan
Summary" which meets the criteria of investors in our network and omits
many of these worries for entrepreneurs. T-Net's standardized Business
Plan Summary format will enable investors to properly and efficiently
"preview" your investment opportunity, and if interested, to request a
further meeting or full business plan.
T-Net Capital Connector simplifies the process of creating
and distributing an effective Business Plan Summary for both new
entrepreneurs and for more established companies with existing business
plans.
When you are ready to begin creating your
online Business Plan Summary and submitting your investment requirements
to T-Net's Network of Investors, please proceed to the Entrepreneur
section of Capital Connector.
The Business Plan: What is a Business Plan and Why Bother?
From the perspective of Mike Volker, Founder, Vancouver Angel
Capital Network
Tel:(604) 644-1926, Fax:(604) 925-5006, Email:
mike@risktaker.com
Investment Matching
If you are now ready to proceed, please
begin by clicking on the "Begin Investment Matching" button below. This
will enable you to determine the number of investors with a potential
interest in your opportunity. Once this is completed, you may move on to
the next step of creating and distributing your business plan summary.