The San Jose, California-based company began by serving fruit processing plants in the Silicon Valley before pivoting in the late 1960s to work with tech ventures.
At Leavey School of Business, the My Own Business Institute (MOBI) program provides online education tools for entrepreneurs around the world.
If you’re drafting it for investors, you should make the plan more detailed.
Be sure to keep in mind that potential investors might not be as familiar with your industry so you have to clearly explain your concept and where it fits in.
For example, a business plan for a hair salon is not going to look anything like a plan for a biotech research company.
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Different sections of your business plan will be more important depending on your audience.
Investors, for instance, will want to see your financial projections, whereas employees might be more concerned with the organizational structure of your company.
Business plans are critical to the success of any new venture.
I believe that entrepreneurs should dedicate time to create them, regardless if you’re searching for investors.