hi there, Business plan works as a base for a business and also for investment, u must put a whole business plan with all the possibilities in order to attract investors.
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Definitely a working prototype is of great help. Along with that you can look for a person as a partner to boost your startup team. This can also give you an upper hand in front of an investor. An apart from this a professionally drafted business plan is necessary to approach an investor.
I agree with you. I think working prototype is helpful.
I am working on starting a new business. i-e posting resume of candidates automatically to around 50 U.S Job sites.
Based on my market study, there is a huge demand for this business and less competition due to the
complexity in creating this kind of script. I have created such script by putting lot of hard work.
And, I am planning to get some investment to start this business quickly.
So, I cam up with is Business plan.
From our experience working with many startups- we've determined that there are three keys to raising capital (beyond the basic essentials of a sound idea, a solid plan and a strong team. They are:
You will multiply the chances to get an investment if you were able to introduce a working prototype of your application. And even more with some firm indications from potential business partners (the sites running job sites).
The importance of business plan comes after above.