I received a call from a nice lady who needed an updated business plan right away. She was attempting to get funding from investors for a new product she was developing. She had the prototype and patents but needed money to get her product into production. The bank told her that the financial projections in the business plan were very basic. She needed a good plan that showed profitability and cash flow for the next 5 years. And she needed it fast – she was meeting with the bank again in less than a week. I was able to work with her and develop a solid financial plan that she made a part of her overall business plan. When she met again with the bank she could speak to the financial results expected from her product. The bank provided her the funding she needed to get production started!
Crisis Averted
Updated: Jun 12, 2018
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