AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

The best-relaid plans ... when investors ask you for a growth plan, they want a growth plan. A cleaned-up, rehashed business plan isn't going to do the job.(Raising Money)

Entrepreneur

| March 01, 2003 | Worrell, David | COPYRIGHT 2003 Entrepreneur Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SOMEWHERE IN YOUR OFFICE, IN A DARK closet on a dusty shelf, sits a yellowing tome you call your business plan. Once, this mighty document was a map to lead you through the difficult terrain of product development, business models and marketing strategies.

But now it's gathering dust because your challenges are about growth. Now, you are more likely to worry about optimizing output, budgeting for capital equipment and opening new locations.

If you're looking for growth capital, it could be tempting to dust off that yellowing plan and head right out on the road to find funding. But be forewarned, the document you will need to secure growth financing may not resemble the one you made for your startup-stage business.

What's the Difference?

First and foremost, a growth-stage funding plan is different in tone and purpose from a start-up business plan, says Jim Horan, author of The One Page Business Plan (One Page Business Plan Co.). "In start-up, we're in a highly chaotic, creative mode," says Horan. "But creativity is overrated in most [later-stage] companies." Instead, the growth plan should emphasize how you will reproduce your previous success.

Related articles from newspapers, magazines, journals, and more
CITIZENS SECURITY GROUP INC. ANNOUNCES STOCK EXCHANGE
Press release article from: PR Newswire March 31, 1994 700+ words
...March 31 /PRNewswire/ -- Citizens Security Group, Inc. (NASDAQ: CSGI) today announced...preferred stock issued by the Citizens Security Group Inc. Citizens Security Mutual Insurance...shares of common stock of Citizens Security Group Inc., as well as the preferred stock...
META Security Group Targets Small- to Medium-Sized Businesses With...
Press release article from: Business Wire May 12, 1999 700+ words
...Business Model Enables META Security Group to Provide Consulting Services...Commonly Overlooked Markets META Security Group, an independent consulting...cofounder and CEO of META Security Group. "META Security Group has...
META Security Group Selected as Preferred Security Provider to ICBA.
Press release article from: PR Newswire May 5, 2003 700+ words
...C., May 5 /PRNewswire/ -- META Security Group, a leading provider of policy-based...exclusive contract was awarded to META Security Group following a year- long evaluation...practices and business references. META Security Group has proven experience in developing...
META Security Group Launches Consulting Services with Investment from META...
Press release article from: Business Wire March 31, 1999 700+ words
...2.7 million investment in META Security Group, an independent start-up consulting...leading Internet security experts. META Security Group offers security consulting services...Johnson, president and CEO of META Security Group. "We are the first firm dedicated...
META Security Group Announces Appointment of Wayne Luchtenburg as Senior Vice...
Press release article from: Business Wire January 21, 2000 700+ words
...Channel Development for its Affiliate, META Security Group META Security Group, an independent information security consulting...sales and channel development. He joins META Security Group from META Group, a leading information technology...
META Security Group and SecurePipe Join Forces to Combat Evolving Compliance...
Press release article from: PR Newswire March 25, 2004 700+ words
META Security Group, Inc., a leading provider of information...Security Services (MSSP) and META Security Group's Network/Regulatory Compliance...customers with: SecurePipe META Security Group * 24x7 Managed Network Security...
META Security Group Announces Appointment of Daryl Clark as Vice President of...
Press release article from: Business Wire November 15, 1999 700+ words
...to Lead Financial Management Duties for META Security Group META Security Group, an independent information security consulting...finance and administration functions of META Security Group on a global basis. "Daryl's long history...
RBS WorldPay Partners with Arsenal Security Group to Provide Merchants with a...
Press release article from: PR Newswire September 3, 2009 700+ words
...announced a new partnership with Arsenal Security Group, Inc., for a Payment Card Industry...WorldPay. "We are convinced that Arsenal Security Group can provide our merchants with a dedicated...questionnaire and vulnerability scans, Arsenal Security Group will provide proprietary ...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA