This is especially true for people writing business plans, because they have the added task of persuading readers to part with their money. Be sure your plan targets your readers' specific concerns. Experts say you should write a separate business plan for your eyes only. It should probably be the most conservative in terms of projecting future profits, so you don't overestimate your business's potential and end up with angry creditors down the road. Banks and other lending institutions.
Bankers are generally the most conservative of investors.
In addition, you should be prepared to show them that you and your team are trustworthy. They're going to want to see a detailed credit history, plus as much evidence of past entrepreneurial success as possible. Be prepared to provide a good explanation if you've had credit trouble in the past. While individuals may be willing to take more risks with their own money, they're also going to expect more in return. A profit of 10 percent per year probably won't tempt them, since they can easily make the same amount by investing in larger, more established companies.