Entrepreneurs are an impatient lot! They want things to move at lightning speed, and often throw caution to the winds in their quest for immediate results. Most of the scams happening in the .com industry are a result of poor research. Those who want a master plan do not have the time or patience to run a check on the background of the firm they are dealing with. Scammers are also aware that entrepreneurs, in a tearing hurry to meet deadlines, will fall for their ruse of delivering business plans quickly. Most of them fail to detect the wily intentions behind the offers.
Never entrust companies that make tall claims!
The problem of dubious masterplans is more rampant in the .com industry. There are agencies that claim to put your plan in front of top industry investors and even guarantee funding for a commission. It is common to come across advertisements, such as “only $5000 to expose your masterplans to thousands of investors and attract generous funding.”
There are more sharks preying on unaware business entrepreneurs in the .com industry than in any other sector. Entrepreneurs, in their desperation to get funding for their projects, do not really mind paying a few thousand dollars to such agents. That exactly is how these scams happen.
Beware! Scammers are getting bolder with every scam they pull off
The ease, with which scammers have been pulling off these masterplans scam, has emboldened scammers to spread their scams net wider. The incidents of online business plan scams are certainly rising, and new incidents are being reported more frequently than ever. Business owners get carried away by the tall promises these scammers make about presenting their business plans in front of the topmost movers and shakers of the industry.
They also promise quick and hassle free funding from top venture capitalists and financiers. All this, of course, will cost you a hefty fee upfront. It is often too late when you realize that the whole thing was a sham. There are agents who will make you feel that their masterplans are perfect for your specific business requirement. They charge many thousand dollars as processing fees, formatting costs and consultancy charges.
If you really need infallible masterplans, it is better to approach consultants with impeccable reputation. Make sure you research them extensively to see if they have any masterplans complaints against them in recent times. Ask for referrals and follow up with them. This way, you will be sure of dealing with real professionals.
I guess growing number of business scams is a trouble not just for budding entrepreneurs. Investors need to be more cautious than entrepreneurs since they are the ones who put their money at stake.
ReplyDeleteRightly said! Investors need to be more cautious with where they are putting their money. Rising number of scams have put a number of well-known brands under the scanner.
DeleteWith Masterplans, life is easier and stress-free. A good Masterplan can make do wonders to your business.
ReplyDeleteWhat measures should I take in order to avoid scams taking place recently in the business planning service industry?
ReplyDeleteMany companies try to portray themselves as masters in the field of business planning. In order to avoid masterplans scams, you need to do extensive research and approach a consultant having genuine reputation.
DeleteIt's true that when you hire an amateur or untested company to write master plans for your business, you are exposing yourself to a scam. There are many dubious elements active in the industry that tries to lure you with fake promises. They charge you heavy fee just for the false assurances of getting your master plans to thousands of investors. The ground reality is that they are not capable enough to meet your requirements.
ReplyDeleteIn today’s situation, you cannot risk handing over your dream project to ‘agents’ just because they make it sound so easy. Using professional companies to write a winning business plan for your project is the most sensible thing to do.
DeleteBusiness masterplans can deal with both profit as well as non-profit organizations. The key is to decide on the goal, and convey it in the best way to the relevant company for hiring their services. The most reputed and genuine business plan companies would not only ensure compliance to your demands and needs, but also ask for feedback on the draft. Such companies seldom look at client responses as complaints and strive hard to give improved results.
ReplyDeleteAgree with you. Looking at feedback; positive or negative, as an opportunity to do better is the key to success. Nothing can hamper such optimistic attitude and lead only to winning business plans.
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