The first business plan takes the average entrepreneur from 200 to 400 hours to complete. Many plans are drafted by the entrepreneur which receive funding. Many more such plans are rejected than are accepted by funders. This does not mean the idea is not sound nor that the enterprise would not be successful. It says more about the presentation than the substance.
Most people try and fail, try and fail, and try and fail.
This is very close to a definition of insanity. Take advantage of dress rehearsals with BPM SM 's banking and investor relations staff before being put on the spot by a funder who has the power to say yes or to say no. What is demanded in today's market is a professioanl presentation which illustrates that the applicant has considered every area of success or failure of his enterprise and knows how to recover from any set backs. How would you answer the difficult questions which are a natural part of the funding prrcess. The best idea presented by the highest qualified person in an industry is not funded due to a lack of important details and relationships which are anticipated to be a part of your plan.