should you update your business plan for investors so I got a question for my
investors so I got a question for my
investors so I got a question for my youtube viewers love you guys Jason who
youtube viewers love you guys Jason who
youtube viewers love you guys Jason who wrote in to say Evan I did just about
wrote in to say Evan I did just about
wrote in to say Evan I did just about everything you said on the video when
everything you said on the video when
everything you said on the video when we’re looking for seed money except for
we’re looking for seed money except for
we’re looking for seed money except for the Board of Advisors now that we have
the Board of Advisors now that we have
the Board of Advisors now that we have our proven prototypes and proved that we
our proven prototypes and proved that we
our proven prototypes and proved that we can make money in the right market
can make money in the right market
can make money in the right market should I change my business plan to
should I change my business plan to
should I change my business plan to reflect that as you look for our second
reflect that as you look for our second
reflect that as you look for our second round or should we stick with the
round or should we stick with the
round or should we stick with the original plan even though some things
original plan even though some things
original plan even though some things have changed jason is a great question
have changed jason is a great question
have changed jason is a great question and you’ve done the hardest part okay
and you’ve done the hardest part okay
and you’ve done the hardest part okay getting the seed money is the hardest
getting the seed money is the hardest
getting the seed money is the hardest part for new businesses because that’s
part for new businesses because that’s
part for new businesses because that’s the riskiest time for investors to come
the riskiest time for investors to come
the riskiest time for investors to come in because you’re just selling an idea
in because you’re just selling an idea
in because you’re just selling an idea right when I was in a venture capital
right when I was in a venture capital
right when I was in a venture capital business over ninety-nine percent of the
business over ninety-nine percent of the
business over ninety-nine percent of the plans just got rejected just just as it
plans just got rejected just just as it
plans just got rejected just just as it came in an email rejection back because
came in an email rejection back because
came in an email rejection back because it was too risky to get into so you’ve
it was too risky to get into so you’ve
it was too risky to get into so you’ve done the hardest part you need to
done the hardest part you need to
done the hardest part you need to absolutely update your business plan to
absolutely update your business plan to
absolutely update your business plan to reflect the changes to show that people
reflect the changes to show that people
reflect the changes to show that people will buy your stuff that’s the biggest
will buy your stuff that’s the biggest
will buy your stuff that’s the biggest fear for investors right everything
fear for investors right everything
fear for investors right everything looks good on paper okay you can put
looks good on paper okay you can put
looks good on paper okay you can put whatever numbers you want on there to
whatever numbers you want on there to
whatever numbers you want on there to make it look good but at the end of a is
make it look good but at the end of a is
make it look good but at the end of a is just a dream right it is just a dream
just a dream right it is just a dream
just a dream right it is just a dream what investors want to see is that you
what investors want to see is that you
what investors want to see is that you have momentum with your business you
have momentum with your business you
have momentum with your business you have people who are willing to buy
have people who are willing to buy
have people who are willing to buy whatever it is that you’re selling right
whatever it is that you’re selling right
whatever it is that you’re selling right in if one person will buy it then 100
in if one person will buy it then 100
in if one person will buy it then 100 people will buy it and a thousand people
people will buy it and a thousand people
people will buy it and a thousand people apart and the million people will buy it
apart and the million people will buy it
apart and the million people will buy it but you have to show me that people will
but you have to show me that people will
but you have to show me that people will buy your stuff so you’ve already gotten
buy your stuff so you’ve already gotten
buy your stuff so you’ve already gotten seed funding and you’ve already started
seed funding and you’ve already started
seed funding and you’ve already started building stuff and people are interested
building stuff and people are interested
building stuff and people are interested in and are buying it that’s the most
in and are buying it that’s the most
in and are buying it that’s the most important thing to put in your business
important thing to put in your business
important thing to put in your business plan because right now you’ve already
plan because right now you’ve already
plan because right now you’ve already separated yourself from 99 percent of
separated yourself from 99 percent of
separated yourself from 99 percent of the other companies who have no sales
the other companies who have no sales
the other companies who have no sales who just have an idea the easiest kind
who just have an idea the easiest kind
who just have an idea the easiest kind of money to raise for business is
of money to raise for business is
of money to raise for business is expansion capital it’s the easiest kind
expansion capital it’s the easiest kind
expansion capital it’s the easiest kind of money to raise what that means is
of money to raise what that means is
of money to raise what that means is you’ve proven that you’ve built
you’ve proven that you’ve built
you’ve proven that you’ve built something that can work okay so you’re
something that can work okay so you’re
something that can work okay so you’re coming to me as an investor in saying I
coming to me as an investor in saying I
coming to me as an investor in saying I don’t need money
don’t need money
don’t need money for our d I don’t need money to go and
for our d I don’t need money to go and
for our d I don’t need money to go and test this thing out this works I just
test this thing out this works I just
test this thing out this works I just need money to expand that’s why it’s
need money to expand that’s why it’s
need money to expand that’s why it’s called expansion capital I need money to
called expansion capital I need money to
called expansion capital I need money to grow it works in my market now I need to
grow it works in my market now I need to
grow it works in my market now I need to expand it national I need to explain the
expand it national I need to explain the
expand it national I need to explain the global or I’ve proven it you know one
global or I’ve proven it you know one
global or I’ve proven it you know one section online now we need to build it
section online now we need to build it
section online now we need to build it up marketing dollars is the easiest
up marketing dollars is the easiest
up marketing dollars is the easiest money to raise marketing expansion
money to raise marketing expansion
money to raise marketing expansion dollars so you have that you definitely
dollars so you have that you definitely
dollars so you have that you definitely need to update that in your business
need to update that in your business
need to update that in your business plan because investors seen that will
plan because investors seen that will
plan because investors seen that will say hey this is a company that I want to
say hey this is a company that I want to
say hey this is a company that I want to get behind it reduces the risk they can
get behind it reduces the risk they can
get behind it reduces the risk they can always see the opportunity but you want
always see the opportunity but you want
always see the opportunity but you want to reduce their risk it’s both sides of
to reduce their risk it’s both sides of
to reduce their risk it’s both sides of the equation to get the deal done so
the equation to get the deal done so
the equation to get the deal done so congratulations on getting this far good
congratulations on getting this far good
congratulations on getting this far good luck with the next business plan and
luck with the next business plan and
luck with the next business plan and belief those are watching like the video
belief those are watching like the video
belief those are watching like the video thumbs up below let me know what you
thumbs up below let me know what you
thumbs up below let me know what you think leave a comment underneath you
think leave a comment underneath you
think leave a comment underneath you have a question about your business plan
have a question about your business plan
have a question about your business plan leave it below make a video response and
leave it below make a video response and
leave it below make a video response and click on my face to subscribe to the
click on my face to subscribe to the
click on my face to subscribe to the channel thank you so much I’ll see you
channel thank you so much I’ll see you
channel thank you so much I’ll see you soon
”
Be First to Comment