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05-29-2013, 02:18 PM #1
Making a business plan for potential investors (any experience)?
So...I may be tasked with writing a business plan to be presented to investors for a small business (legal lol) venture. Anyone with any experience or insight?
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05-29-2013, 02:31 PM #2
lunk grab a book from the library or the bookstore they usually have a step by step for doing just that and different ways to do it dependent on the type of biz
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05-29-2013, 02:31 PM #3
lol if you are really bad at it you can pay to have someone do it for you
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05-29-2013, 02:33 PM #4
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05-29-2013, 02:54 PM #5
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05-29-2013, 03:05 PM #6Originally Posted by Lunk1
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05-29-2013, 03:07 PM #7
Ya, those guy's will fill the holes you miss and know how to "sell" your idea. You can also find templates on the interwebs.
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05-29-2013, 03:18 PM #8
I tried getting an sba loan when I was 19
I am sure there are prgrams for your pc that can walk you through these things will creating a slide show etc
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05-29-2013, 03:26 PM #9Originally Posted by Rwy
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i can write one....
pretty easy
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05-29-2013, 05:09 PM #11
Make sure the business plan includes the business making money and loads of it. They will invest for sure lol
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05-29-2013, 05:13 PM #12Originally Posted by moseley2004
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05-29-2013, 06:45 PM #13
Make sure you have a couple people proof read it for you.
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05-29-2013, 07:06 PM #14
My wife writes business plans for a living. Not her entire living, but she is always working on one.
Writing a good one will take tens of hours and should include a lot of research.
Make sure you sell the hell out of the superiority of your product/service. Focus on competitive advantages. It is even better if you have some kind of intellectual property protection (like a patent) or a process that is not easy to replicate (like a high financial barrier of entry).
Management needs to be solid. A great product or service means nothing without a solid team.
Some people really get caught up in projections. Personally, I think they are just BS unless they are based on a long track record of sales. Keep them optimistic but realistic. You will get called out if the numbers aren't attainable.
Like MuscleInk said: SWOT analysis is important. Don't completely downplay weaknesses and threats as a seasoned investor will see that as either dishonesty or shortsightedness. I am not sure which is worse.
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