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California funding opportunity could hinge on business planning

The drive to take an idea from conception to operation and profitability is a deeply ingrained part of the American consciousness. Our society and our economy thrive on the spirit of innovation. For many California startups, business planning can be key to the process of moving from concept to completion, and can play a huge role in the ability to secure necessary business funding. One upcoming funding opportunity will give several area businesses the chance to showcase their ideas and products, with the hope of gaining investors.

The event is the third annual Entrepreneurs Showcase, and will be held in early December. The showcase will give 10 area businesses the chance to present their ideas in front of a range of potential angel and venture-capital investors. This level of exposure could result in significant funding opportunities for the owners of the businesses, and could lead investors to very lucrative profits as the companies grow.

For anyone who is considering starting a new business in California, it is imperative to understand that simply having the next great idea is no guarantee of business success. There are many factors that come into play when creating a successful business, and the process requires a thoughtful and informed business planning strategy. Laying the proper foundation can greatly increase the odds of success in an increasingly competitive business climate.

As the California companies participating in the Entrepreneurs Showcase prepare to present their ideas, solid business planning will undoubtedly come into play. Potential investors will have a multitude of questions aimed at determining the business acumen that stands behind the concepts and products promoted at the event. Being able to demonstrate a comprehensive business plan will give those investors the confidence needed to place their finding in good hands.

Source: pymnts.com, "10 Entrepreneurs to Present Business Plans to Venture Capitalists and Angel Investors During Third Annual Entrepreneurs Showcase Dec. 6 in Sacramento," Nov. 29, 2012

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