These statistics prove that even with all of the incentives, it's difficult to turn your business in to one of those home run companies.
These are the things that every investor is going to look at when evaluating your business plan. Even if you’re friends with a venture capitalist and he does you a favor by scanning the plan, if you fail with the executive summary, your plan goes straight to the bin without any emotions whatsoever.
Having a business plan is important because it will help you set realistic goals for your start-up.
Venture capitalists see dozens of companies daily that are pitching the same or similar business idea.
But the question remains which is the best team one that is going to execute that idea and bring the results?