Updated: Jun 30, 2020
A business plan actually consists of four parts, not just one part.
Most people bring an idea with some projects in there, and asks for money to back them up. They want to "return the favor to the investors" after their operation becomes successful.
This is very wrong. Investors label themselves as risk takers but they only take risky opportunities not risky chances. We will use this video to explore the four components of a BP - when an investor don't see all four parts they know it is smoke and will run.
Other links to articles about startup failures and how to "embrace" them.
Real cases of startup failures
Top reasons beginners fail
For startup, the first failure is mandatory and it is the success!
Why companies start for 3-4 years before they fail?
Top 10 Indian startups that closed in 2019