This entry is part 8 of 10 in the series Raising Capital for OTCBB Listed Companies
Raising Capital for OTCBB Listed Companies

Business Plan

The first thing that a Company must do prior to raising capital is preparing a comprehensive business plan. Most entrepreneurs loath the time and effort it will take to prepare a proper business plan. But just because you believe you know your business inside and out it does not excuse you from putting it in writing. A business plan clarifies exactly what you want to do and how you are going to get there. It is time consuming and you will be constantly tweaking it but in the end you have a much clearer vision of business and the costs associated with moving it forward.

If you do not know how to construct comprehensive business plan then hire a professional to assist you. If you are too dam lazy to spend the time to write one or don’t think you need one then you have no business trying to take your company public in the first place.

Series Navigation«Raising Capital for OTCBB Listed Companies – Part VIIRaising Capital for OTCBB Listed Companies – Part IX»

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