So anticipate these questions from investors: Of course, your financial projections will not be perfectly matched with your actual results, but your financial projections can be revised as you move through the stages of your business.
There are a variety of reasons why investors turn down startups and entrepreneurs.
Good luck in your new venture.-------------My business plan app can both educate you to be an entrepreneur and help you write a business plan.
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As Sheryl Sandberg, COO of Facebook has said, “Done is better than perfect.” Make sure you are thoroughly researching the market opportunity and competitive products or services, and keep on top of new developments and announcements from your competitors.
One way to do this is to set up a Google alert to notify you when any new information about those companies appears online.
Of course, you want a “minimum viable product” (MVP) to begin with, but even that product should be good and differentiated from the competition.
Having a “beta” test product works for many startups as they work the bugs out from user reactions.