Good preparation is crucial for getting financing. You can no longer suffice with a concise investment plan. Banks and investors have become more critical. They will assesses the entrepreneur and the company performance and compared those to the sector average. The facts and figures do now count, and by properly calculating the plans and having them checked by an expert or a financial intermediary, you can positively influence the bank’s report.
The presentation of plans must also show and taken into account possible risks. Do not be too optimistic and make good risk analysis, and outline these in various scenarios. What can happen in the worst case? If you do not, the bank does it yourself and that is something you do not want.