End Goal: Complete your business plan #
you should now be able to put together your full on business plan before you move onto the next step where you learn more about how to prepare for getting your business going.
SBA Business Plan: #
A proper SBA business plan is needed in order to request an SBA loan. We have more about this in Step 1 of Phase 2, but a properly formatted SBA business plan is useful even if you don’t want an SBA loan.
Investor Deck: #
A document about the potential of your business needed to attract investors. This is slightly different from the SBA business plan and is typically the best case scenario of your business plan.
Funding Request: #
Again, you will look at this further in the next phase, but it is good to have the total funding you need and how to present it to whatever type of funding you may need.
You want to poke as many holes in your business idea as possible in this last step. Find naysayers, grouchy people, or those that don’t want you to succeed and hear all the bullshit they have to say. You are not looking for a reason to stop, but you want to learn and address any potential holes in your company.