What is a Business Plan?

A business plan is a written document used to describe your business. The sections of a business plan are fairly standard, so you can find lots of help from those that have gone before you. Each section in a business plan has a specific purpose.  Certain sections can be as short as one page.  For…

Business planning: Tips for Writing a Mission Statement for your Business Plan

A while back I was shopping for a new car. In the show room one dealer had a plaque over their door that read,”Our mission is to become the most profitable [brand] dealer in Northern California.”  Uh oh! What does that tell you? ( I wonder if they are charging too much.)  That ‘mission statement’…

Your business plan presentation to investors

Much has been said and written about investor presentations. The “PowerPoint presentation” may seem like the all-important (and sometimes, harrowing) opportunity to make your pitch for capital, but it shouldn’t be a surprise introduction for investors. Investors will often request a copy of your PowerPoint deck prior to meeting with you. Send it to them.…

Business Planning – Sequencing your presentation for capital

Building a business requires more than just an idea and a plan. For a moment (and you may need to refer to this moment often), put yourself in an investor’s position… What would YOU want to know about a business before you invested in it? We often recommend investing an amount of money in a…

Raising Capital From Friends and Family

Any entrepreneur who has started a business and needed to raise capital to grow has probably received this same bit of wisdom – “You’ll need to get your friends and family to invest”. Sarcastically you reply, “Great, I never would have thought of that”. Now that your sarcasm has made you feel much better, the…