Getting to a Check

Filed in archive Writing a Business Plan on January 14, 2008

You have been presenting your business plan to multiple people but so far no one seems to be paying attention to it. Of course you believe that the plan that you are presenting is the best ever, and everyone should be falling over themselves to fund you, yet you are still not getting any bites.

The Entrepreneurs Blog has 3 things that may be holding you back from getting funded.

Reason Number one is that you are not credible. The blog points out that venture capitalist do not bet on the product or service they bet on you. Make sure you are selling all of your credentials. If you are weak in some areas be sure to focus on other areas that will over come your weaknesses or have someone that is capable in that area.

Reason Number Two is that you do not present well. I used to get so frightened when I used to have to give talks or make presentations that I would end up stuttering. It took time but I finally overcame my problems. If you have troubles presenting I highly recommend you spend some time at Toastmasters (OK, I have to qualify that in saying I serve a Vice President's role in two Toastmaster Clubs). However, toastmasters has helped me immensely. In November I did a major presentation to a audience and I did a good job and I have to credit Toastmasters so consider joining. They will help you have a good presentation.

Reason Number Three is they don't like you. The best advice is to go in and be humble, know you have a good idea but these guys have been doing this for years so they have experience. Use all the ideas presented to show that you are going to be someone that they can work with.

Hopefully these ideas will help you get a check into your hands and that business off and running.