9/14/2021 Tip: Research, Research, Research | Growthink

9/14/2021 Tip: Research, Research, Research

Today’s Quote

“Success usually comes to those who are too busy to be looking for it.”
~ Henry David Thoreau

 

Today’s Tip

When developing your business plan, you need to do your research.

Investors reading your business plan want to see that you’ve thought long and hard about the potential promise — and pitfalls — of starting or expanding your company. Your dutiful due diligence must supply answers to these questions potential investors are asking themselves, and will ask you:

  • Who are your competitors?
  • Who are your customers?
  • What companies have succeeded or failed in your sector?
  • Why fund your company now, rather than a year from now? Or a year ago?

Here’s the blunt bottom line: If your business plan doesn’t include research that helps you present a clear, compelling case to potential investors, why should anyone trust you with their money?

 

Today’s Resource

The Fastest Way to Finish Your Business Plan

Looking for a faster way to finish your business plan?

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Once you finish your business plan, you can:

  • Raise capital
  • Grow faster
  • Build the company of your dreams

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Trivia

Today’s Question: What word, also linked to President Kennedy’s liking for a Broadway musical, was used for the first time in a 1963 Life magazine article to describe a 60’s era?

Previous Question: The Hiram Bingham luxury train has what magnificent location as its destination?

Previous Answer: Machu Picchu.

It runs from Cusco to Machu Picchu in Peru and was named after the explorer who told the world about the site in 1911.
 

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