Have you ever
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- Drno
done a busyness plan?
If so, do you have links or personal stories that will help me create one,
thank you
- Daro0
Yes. Is your business plan for yourself or for investors or a loan?
Basically they're the same: You briefly describe your company and your services, you state your short and long term goals and describe how you are going to achieve them.
If you are looking for investors or a loan you need to elaborate why your busines is good for the investors or how the loan is going to help you. Show numeber. How much do you make a month or a year, describe how much more you'll make after the investment or the loan.
- Corvo0
did one once - 1 yr plan with mid-term revision. (it's mostly about financial expectations). You calculate all the amount of investment you need to sell your stuff (HR, Loans, technology, training, etc) to achieve a gross income (expected sales); then you divide the total investment throughout the year adding your profit margin to achieve your goals. With more or less bullshit that's it.
- Drno0
yes, it will be a BP to look for investors, I'll work some more on developing every aspects of the plan.
thank you both for your answers,
- Corvo0
well if you're looking for investors, then you need a common bp telling about expected sales about this one idea. If you need partners to invest in your project, you need a way to explain them why they are important for you to achieve your goals and what kind of revenue they might expect IF (IF!) you achieve your goals, but also if their input is helpful. If the investor you're looking to cannot bring any input in your work then you're in a lot of trouble. It's always a compromise. You need to share risks too, to make it a sounder business. If you're just looking for money to buy you tech stuff you don't need an investor; you need a bank.
- thing is never ask money to a foreign business. Ask money to those who may share your risk from inputting in your biz,Corvo
- kalkal0
What would a bank expect in a business plan? If you're taking out a business loan, that is..?
- Corvo0
A bank just expects that your mortgage is due on time and analyses your medium income. An investor is different from a bank. An investor must share your risks - a bank never shares your risks. A bank doesn't need you're business plan; they need you to come up with a voucher, if they're ever lending you money.
- bank evaluates your bp only to check if you have capabilities, but they won't ever lend you any money just from it.Corvo
- Drno0
bump,
thanx guys,any of you got an example, like templates or something,
how did you present it, (powerpoint....)
- letters20
What kind of business are you pitching (in broad terms)? What kind of funding are you looking for and from what source (bank, vc)?
Writing a good business proposal isn't easy, especially if we're talking about a serious investment with substantial risk involvement. I'd suggest finding a class on it – lots of colleges and universities have seminars for this kind of activity. Best schooling you can get is from current or ex VCs with substantial firms, as they have the proper insight. Lilkely a template won't do you much good (again, in the event of serious money with respective risk).
- blaw0
Check for local service offerings.
For example, in my area there is a Small Business Development Corporation that offers "free" and "for fee" classes for entrepreneurs. There is also a Regional Industries organization that offers a wide variety of services, including business plan development.
These types of organizations are great because they specialize in helping small businesses get funding, set up for success, plan short-term/long-term, and on and on.