Posts Tagged ‘Conclusion’

The Business Plan Workbook

Tuesday, February 16th, 2010

Get Rich Quick Scams Revealed

Read this article before you consider paying for a “get rich quick” program.

From: Business Plan

Everybody would love to make lots of money quickly, working from home, and only doing a few hours of work per week. I’ve spent the past two years trying to find a great way of doing this. Only over the course of the past few months have I found any “get rich quick” programs worth buying. I’ve been trying to make money online for a long time. I had a few small websites, but they never made much more than a few hundred per month. It was easy money and didn’t require much work on my part, but I knew there were people out there doing better than I was and I knew I could do as well as them.

Now, I’ve seen a lot of “get rich quick” programs. Most of these people make claims about earning $2000/day with Google or something similarly insane. Almost all of these people are complete liars. Even if they were making $2000/day with Google AdSense, it’d be because they had high- traffic websites with a lot of quality content. I’d know, because in one whole month, I never even made half of what they promised I’d make daily with their programs. Maybe you’ve already been scammed by one of these fraudsters. Anyway, I finally got sick of what was being offered.

I decided I’d look through the all of the “get rich quick” programs I could find and see if there were any that were actually legitimate. I found that there were owners selling their programs for well over $100, but the information in them could be found almost anywhere online for free. Additionally, they all contained out-of-date information, had no e-mail support, no money back guarantees, and broken links in the downloads section.

In conclusion, almost all of the programs I found were completely useless. The owners knew it, but they couldn’t care less about their customers since they didn’t offer refund policies! Amazingly, while looking through all of the programs, I actually did find a few legitimate programs. They were run by ordinary people like you and me, and they had found some great methods of making money from their home by doing very little work.

I spent some time working with those programs, and my income is now ten times what it used to be. These programs provided a large amount of great information on how to make extra money on your computer doing very little work. Numerous customers had provided great feedback and reviews for their products. Many of them have started to make money just days after buying!

Their programs have excellent prices, and the authors have a group of paid staff who are dedicating to helping you or providing assistance if you need any. I must say I was amazed! If you do decide to purchase any of the programs listed below, I recommend you join quickly. Most of the owners tell me they are getting an overwhelming number of sales and plan on raising prices in the near future, so order while prices are still low!

To Your Online Success,

Business Plan

These programs have excellent prices, and the authors have a group of paid staff who are dedicating to helping you or providing assistance if you need any. I must say I was amazed! If you do decide to purchase any of the programs listed below, I recommend you join quickly. Most of the owners tell me they are getting an overwhelming number of sales and plan on raising prices in the near future, so order while prices are still low!


To Your Online Success,

Business Plan

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Bill Bartmann’S Business Essentials: How To Write A Winning Business Plan

Monday, February 15th, 2010

Lenders will look at your business plan and come to a conclusion that they can or cannot safely invest in your business. If you present them with a plan that shows a business that has great potential, then they are more willing to fund your business. They know there is a good chance that you will repay the loan, with a good return.

If you plan to enter into a partnership, then you must earn the trust of your partner, so he will be willing to invest time and money into the venture. Your business plan should demonstrate, clearly and concisely, your vision of how the business is going to look.

You can negotiate lines of credit with vendors if you show them a clear business plan. They will want you to succeed so that you become a regular customer; therefore, building their business.

Your business plan should demonstrate that you are serious and focused on your commitment to build a successful business. You need to demonstrate skills, knowledge, experience and what makes you stand out from the rest of the companies in your industry.

So, how do you present all of this? The rule is “thin to win.” The more “wordy” you are, the less you know; the less you understand what you are getting into. An efficient business plan looks very crisp and clean, with easy to read font. Many experts have created many styles of business plans. Here is an overview of what should be in a business plan:

The Executive Summary is very important; it is the first part of the business plan; how well it is written and the message it conveys will determine the reader’s interest in reading the rest. The Executive Summary contains:

• Your Vision Statement
• Your Mission Statement
• Goals
• Strategies
• Action Steps
• Table of Contents

Company Background – This section contains the name of the company, your personal history in the business, your experience and the stage of development you company is at. It’s OK to disclose if you are a new start-up. Describe what makes your company unique, patents, trademarks, knowledge, experience and anything that sets you apart from your competitors. Do you have any industry advantages, a better system or are you in a prime location?

Products, Goods and Services – Here, you describe your products and services and how they benefit consumers. Demonstrate uniqueness, value and reasons why you feel more people will purchase from you than from your competition.

Market Analysis – This section will show your business as one with the capacity to survive; the ability to sell your product or services. You will be demonstrating your understanding of the economics of your business if you clearly describe the strengths, weaknesses, threats and opportunities that are part of your business. Being able to recognize where you might be weak and what you intend to do shows you thought things through. Recognizing possible threats to your business, like market trends, fads, advances in technology, etc… will also demonstrate good planning. Stating possible opportunities that can come from your business helps a lot too.

Marketing Tactics – Describe your retail techniques and pricing analysis. Show that you understand your market and how you determined the price of your goods or services.

Management Team – This section is about you and the key managers or department heads in your business. It does not contain long bios; just credentials and qualifications that are significant to your business. This section is also used to disclose how you compensate the key people in your business; their annual salary. You will also include staffing milestones here; if you plan to hire more people, when you plan to do so, and how many employees you project your company will grow to support.

Operations Plan – Here, you share more relevant information about your business and its assets, including plant and equipment; describe the physical facility. How much working capital is needed and how will it be spent? How do you plan to find quality help and train them to develop your labor force?

Financial Statements – If you have a history, here is where you put your Profit and Loss, Cash Flow Reports and Balance Sheet for each year. Also include future projections; what you think you will make in the next few years and how your numbers are realistic based on available data.

Funding – This section is a brief Loan Proposal. Provide a brief overview of your loan request; how much you need, the type of financing you want and the terms of financing desired. Lenders like to see that you have thought about the financial stability of the business and that you understand something about how financing works. Define the terms that will work in your business and how you came to figure this out. Will you require long-term or short-term financing? Will you pay monthly, quarterly or annually?

Use of Capital – What will you use the borrowed money for? Will it go toward the purchase or lease of a building, equipment, beginning inventory, operating capital or something else? How will this loan help you to be successful running your business to ensure your ability to repay the debt? Provide references to your previous funding history, loans you’ve repaid before. Provide business references in this section to give testimony of your past business practices; delivered as promised, performed excellent service, quick, timely, honest and dependable, etc…

Your business plan should distinguish you from your competition. It is a very important part of your Loan Proposal Document which will be used by lending institutions, private investors, potential partners and anyone that you will have a business relationship with who will want you to succeed.

Bill Bartmann has borrowed billions of dollars from hundreds of lenders and investors; he is experienced at handling the negotiations and presenting himself and his business in a positive light. His course covers all the details you need to know about customizing an effective business plan for your business. Bill Bartmann’s Billionaire Business Systems is an online course that has guided many entrepreneurs to business success. Learn more at http://www.billionaireu.com

Bill Bartmann is a self-made billionaire who went from homeless at the age of 14 to becoming a billionaire, going bankrupt, then bouncing back to

do it again! Bill has had his self-doubts and even bouts of depression; he wouldn’t be human

otherwise. However, when self-esteem is strong and you’re clear about your values, then you can

bounce back from the lows; each time, you bounce back just a little bit higher.

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Business Plans: To Have or Have Not

Tuesday, February 9th, 2010

I deal with numerous budding entrepreneurs that are extremely confused about the need or un-need of a business plan.

When I was in graduate school (MBA), I learned about and wrote several business plans.  On my first attempt, I wanted to do such a great job that I researched and found every single template that I could, took each and every section and category and tried to incorporate all of that into this first plan as I wanted to ensure that every single possible section was included in some form or another.

What I end up with was a bloated 50 page worthless document.  The feedback I heard was that 1) it was way to big (too many pages) and 2) that I ended up repeating myself over and over which made the document very hard to read.

Since that time, I have written and read several hundred business plans and have come to the following conclusion:

Business plans are great tools for the business owner – and only for the business owner.  One of the reasons that I put so much information in my first plan (why I tried to cover every possible section known to man in this plan) was that I was not writing it for myself but for my audience.  While writing for an audience is great for communication – it does not work very well with business plans.  Business plans should be written for you (the business owner).  Thus, they do not have to be all inclusive (like I tried to do on my first plan) nor do they have to be very formal at all.  The idea behind a business plan is essentially to create a somewhat structured environment in which a potential business owner will think through all or most of the issues that will effect the company over time – to include identifying markets and target customers, competition, operating logistics and to ensure that your efforts will or can be profitable.  There is no real formal way that each business has to follow to achieve this.  Plus, since business plan can change daily for new ventures, I have drawn the conclusion that much of what is contained in these plans does not even have to be written down in any logical sequence.  Simply jotting down some notes or random journaling about issue that arise can be just as helpful and much less time consuming for the business owner.

The goal of business planning is not to create a formal document that will sit in a drawer and collect dust but to prepare a document that will guide the entrepreneur through the upcoming trails they will surely face.  Anything else is just killing trees.

Lastly, most new business owners will only contemplate writing a business plan when they are seeking funding of some sort.  Keep this in mind:  No one reads these plans in their entirety.  Bankers may peruse your financials but most likely will glaze over everything else.  Other investors many spend more time on your management section or marketing analysis.  Both should and usually do read your Executive Summary.

Thus, if you find yourself in this situation – writing for an audience like bankers or investors and want to save a ton of time and headache – try to understand what sections your audience is really interested in and focus on those.  Remember, writing a business plan for an audience does not really provide you much insight – thus save time and effort by giving them only what they need.  Your time will be better spent on actually developing and growing your business.

Joseph Lizio holds a MBA in Finance and is the founder and owner of Business Money Todaywww.businessmoneytoday.com

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Steps involved in making your Business plan presentation more interesting:

Monday, February 8th, 2010

Once you have finished with your business plan, next step is to make a business plan presentation that is used to tell investors and lenders about your business, in brief. It is necessary that a business plan presentation you have made; look professional and interesting. It will not make your audiences bore because business plan presentation is like a road map to long-term success. It can give you success and on the other hand, it will lead your business towards failure.
Following are some steps involved in making business plan presentation that will keep the audience interested and engaged:
Images: Collect the images that you want to add in your business plan presentation. Make sure your images must be according to your business type. You can get number of images on Google images. Visuals will enhance your speech and this will attract the audiences.
Cover page: This is the most important slide of your presentation. It is necessary that the cover page of your business plan presentation is that powerful that it attracts potential investors and lenders and create curiosity in your target audience, about your presentation.
Text: A business plan presentation must contain information about your business plan, in a concise manner. If you add too much irrelevant information, the audiences will not take your presentation seriously. An effective business plan presentation must be a conversation with your target audience. You are giving presentation, not telling a story, to your audiences. Use bullet points, instead of long paragraphs. You can make your presentation more powerful by using tables, images, audio, and video; this will create interest in your presentation. Make sure the graphics you use in your business plan are attention catching.
Question: Give space to your audience, so that they ask questions from you, if anything is not understand by them. This will leave good impression on your audiences.
Conclusion: End your business plan presentation by summing up everything, which you have included in the entire presentation.
End slide: End your presentation with “Thank you”. It’s better to give your contact number in last slide so, that your potential investors and lenders can contact you easily.

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12 Tips for Business Plan Writing

Sunday, February 7th, 2010

Free Resources

http://www.businessplandirectory.net/

 

Twelve things to do when writing your business plan:

Create a framework for the plan e.g. table of contents. Identify possible appendices, attachments etc. Estimate page lengths for each key section. List main issues and topics to be covered within key sections. Assign work programs based on the framework and lists. Draft all key sections in a logical sequence. Check the preliminary draft for completeness and plug gaps. Stand back and take a detached overview of the draft. Let an outsider or adviser critique the latest draft. Redraft, fine tune and spell check. Write the executive summary and plan’s conclusion. Get an independent assessment of the final draft.

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