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  • Other Added - Writing a Business Plan: 10 Critical Pieces of Evidence to Include in Your Plan

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    Show me the...evidence!

    When it comes to writing a business plan, many businesses focus on speed. By rushing to complete their plans, businesses often forget to gather critical evidence to support their plans. Investors never read business plans that lack evidence or consider the claims in them worthless.

    Gather evidence to build your case, support your claims, and persuade investors. When writing a business plan, use these 10 critical pieces of evidence to win the trust of potential investors and their backing quickly:

    1. Articles about your industry, competitors, products, trends, and so on. When unsolicited, articles about your company or products help build credibility, provide unbiased viewpoints, and often include third-party research.
    2. Market studies. Use market studies to support market trends, size, and growth rates. When prepared by an independent party, these studies add credibility to market related claims.
    3. Product or business literature. In-house product or business literature shows you are in the
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      tors never read business plans that lack evidence or consider the claims in them worthless.

      Gather evidence to build your case, support your claims, and persuade investors. When writing a business plan, use these 10 critical pieces of evidence to win the trust of potential investors and their backing quickly:

      1. Articles about your industry, competitors, products, trends, and so on. When unsolicited, articles about your company or products help build credibility, provide unbiased viewpoints, and often include third-party research.
      2. Market studies. Use market studies to support market trends, size, and growth rates. When prepared by an independent party, these studies add credibility to market related claims.
      3. Product or business literature. In-house product or business literature shows you are in th
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        critical pieces of evidence to win the trust of potential investors and their backing quickly:

        1. Articles about your industry, competitors, products, trends, and so on. When unsolicited, articles about your company or products help build credibility, provide unbiased viewpoints, and often include third-party research.
        2. Market studies. Use market studies to support market trends, size, and growth rates. When prepared by an independent party, these studies add credibility to market related claims.
        3. Product or business literature. In-house product or business literature shows you are in th
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          s about your company or products help build credibility, provide unbiased viewpoints, and often include third-party research.
        4. Market studies. Use market studies to support market trends, size, and growth rates. When prepared by an independent party, these studies add credibility to market related claims.
        5. Product or business literature. In-house product or business literature shows you are in th
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          owth rates. When prepared by an independent party, these studies add credibility to market related claims.
        6. Product or business literature. In-house product or business literature shows you are in the game. More important, it can help investors better understand your product or service and the key point of differentiation you are competing on.
        7. Customer interviews, surveys, testimonials. All these are effective forms of third-party endorsements in which someone offers independent testimony, comments, or opinions about you, your product, or your service. For these to be persuasive, include with them the person’s full name and an identifier, like a city or organization.
        8. Contracts for leases, royalties, commissions, supply agreements, subcontractor agreements and the like. To prove that these arrangements exist is to tie them to contracts or agreements. An important arrangement with a specific supplier supported by a contract or agreement gives it real value to an investor.
        9. Product cost and maintenance detail

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