Business Plans for Starting a Technology Company
Technology is driving our future and changing the way we live our daily lives. Disruptive technologies are emerging every day, and investors are pouring millions of dollars in to these companies on a consistent basis. While many inventions and technologies may solve a real-world problem, a business case must be made for these when attempting to raise capital for rapid expansion and to beat competitive products to market.
A Business Plan is a Necessity
To make a business case to raise money for your tech startup, you need a business plan. This document helps to show that the company has not only an idea, but also a plan to market and sell the product. Most plans are for the next five or more years, include the market demographics for the company, and how it will rapidly expand and deliver dividends or other forms of payback to investors. Without the business plan, it’s just a cool idea. With a business plan in hand, it’s a real business concept that has potential to grow significantly in a short period of time.
Optimus has Experience in Tech Business Plans
Experience is crucial in helping to create buzz with an investor or investment group. Our team has created business plans for dozens of tech companies recently, in a number of different industries. Some are simply revolutionary technologies, while others improve upon current products with new and fresh ideas.
Starting a tech company isn’t just about raising money for a prototype or for initial production. You’ll need funds for your initial marketing push, working capital, sales and marketing teams, etc. If you don’t have the funds to develop and go to market quickly, someone else will rip off a substitute product and work to put you under while you’re still trying to grow. Tech is a fast moving area and you need the capital now to grow, or someone else will.
Funding Contacts at Optimus Business Plans
A well-written business plan is crucial, but only part of the battle. The next piece is knowing where to go for capital and who may invest in certain types of businesses. Our industry contacts have helped all types of startup tech companies to raise the capital they need to start and grow. Are you ready to be next?