Having ideas is not enough, having a business model is

Ateneo Professor on Entrepreneurship

From Inc

Sometimes you think that having an idea, a concept is enough.  It is not.  Having the business model is.

The investor is not interested in your idea; but how to make money from the venture.  You have to convince the investor:

l.  That you can put together the team, the resources and activities, and the links to create the business;

2.  that you can have the manageable executions to serve the customers and deliver the mvp; and that you understand the process and the product (this was the comment/weakness of the past Entrep batch business plan)

3.  the amount of costs and revenues;  thus it has to be clear in the business model including the gross profit or the value added.

Know your business model, not just the idea to get your investor