Wise Startup Blog

When writing a business plan, you want to be able to prove to potential investors that your startup can produce revenue early, and often. Business plans are notoriously tossed out months after being completed, but the core elements of the business plan and the process of planning out and writing them is what’s so valuable about business plans. When looking for a potential investment, investors are looking for an opportunity that is going to make them money. Twitter is a great product, and a lot of people use it, but it’s suffered repeated criticism for its inability to properly monetize itself.

Plan to Get Revenue in Your First Month

Regardless if it comes in the form of Google Adsense or by giving a huge discount just to get your initial customer on board, regardless, you want to be accustomed to bringing revenue into the company early and often. Building the foundation of the business around driving revenue will force you to think in a different mentality when planning the business. Decisions will revolve around your ability to monetize the actions and products and features will be able to more easily handle monetization.

Let us know where your first customer/revenue came from in the comments below