3 common mistakes in business planning When embarking on a Business Development Plan there are three commonly overlooked areas that are vital for a successful. These are: Objective Information Accountability These are not the only important areas of the business plan, but the ones that tend to get left out or not covered sufficiently. Let’s …
Selling your business is one of the biggest moves many people will take in their business lives. A lot of the time it is the basis of the retirement fund. Therefore it makes sense to get as much as possible when it’s time to sell the business. A business plan definitely helps in this regard. …
What’s Happening We’ve been around over a dozen years now and have written over 1,250 business plans over that time and received probably well over 10,000 enquiries regarding business plans. And we’ve discovered some interesting facts. By far and away the main reason people want a business plan is because they want money from somewhere …
The most common request we get is to write a business plan for a Bank loan. To better service this market we conducted research on what the major banks sought in a business loan application and developed a product to cater to their needs. Since then we have completed close to 1,000 of these plans. …
If you are applying for a bank loan to start a new business or are buying an established business, you will invariably need a business plan to present to the bank. The main options available to you for creating a business plan for a bank loan are to either download a bank loan business plan …
Bank Loan Business Plan – Understanding What the Banks Want to See Read More »
Understand your offer to find an investor You wouldn’t try to sell your car to someone who has no interest in driving. So why would pitch your business to someone who is not interested in your type of business. One of the most important things to understand is what you are offering to investors, and …
BEWARE OF WHAT YOU DON’T KNOW A large part of what we do in preparing a business plan for a business angel or investor is to de-risk the matter. Investors invest to make money not lose money, therefore eliminating the risks in an investment are crucial. Obviously all investments in business ventures carry a degree …
Is your business best suited to a Business Angel or an Investor? The answer of this question is largely dependent on the nature and position of your business. Here are a few things to consider: Management Team The experience of the management team is one of the big determinants on which way you should go. …
Find the right investor for your business Understand your offer to find an investor You wouldn’t try to sell your car to someone who has no interest in driving. So why would pitch your business to someone who is not interested in your type of business. One of the most important things to understand is …
How to start a Business Plan (cont’d) In our first article in the series How to Start a Business Plan, we discussed how to take the first steps of writing a business plan. We determined the • The type of business of business we want • Revenue and profit expectations • Balance of time commitment …
