Video – How to Write a Business Plan: Detailing Your “Use of Funds”
What investors & lenders look for in your business plan…
Business Power Tools founder and BizPlanBuilder business plan software template creator Burke Franklin consults on writing a business plan — What to think about as you edit the “Use of Funds” section of your business plan and what investors and lenders (crowdfund, angel, venture capital, SBA) look for as they consider funding your start up or growing company. (How much money you need… For what? Here we summarize your capital requirements enabling investors to quickly see how you plan to apply their investment.)
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BizPlanBuilder writes a professional business plan for your project quickly and efficiently. Its organized system walks you step-by-step through the process of preparing an effective plan for business growth.
Why start from scratch? Our experienced writers have done 80% for you.
Now, the newest version incorporates an easier-to-use online dashboard.
I‘ve been helping entrepreneurs and business owners like you for more than 40 years — mostly from within our Business Power Tools software apps and templates, and thru my blogs and book, "Business Black Belt."
My “Hero’s Journey” started In the early ’80s, I was the electronics buyer and a copywriter for the Sharper Image catalog. Later, I also sold some really cool word-processors in Silicon Valley. After Macs and PCs became popular, I started my own business creating sales literature for tech companies.
A friend had a deal going to sell his engineering software to Apple. They wanted to see his business plan to be sure his company would stay in business to provide future upgrades and support. At the time, I viewed a business plan as an elaborate brochure that sold his concept to people at all levels, and responsibilities with various perceptions, biases, and interests. (I learned that from selling word-processors.)
We got the deal.
Over the next year, people came to me with some brilliant ideas, but their plans weren’t getting funded. I helped them fill in the missing parts to succeed. Along the way, I saw that business plans have a fundamentally universal structure. Hmmm…
What if I took all the content I’d developed, redacted everything proprietary, but filled in the blanks with a variety of customizable multiple-choice options, and offered it as a software template that many people could use?
This became BizPlanBuilder, the first of its kind, and my new company took off!
Inspired to help others build businesses that would make our world a better place, we became our own Guinea pigs seeking to remove as many common mistakes and as much unnecessary BS as possible, and crafted tools for others building businesses to make our world a better place.
We followed-up with MarketingBuilder, which picked-up where BizPlanBuilder left off, then we went even further with PRBuilder which included sample press release templates… In another direction, we added EmployeeManualBuilder and SafetyPlanBuilder full of actual policies and procedures.
Altogether, we had 10 products in about 3,500 retail stores and built a $12 million company with 30 employees…
Today, all of our products have been integrated into a streamlined online toolbox/dashboard. And we’re the leader in business development software templates that help you build your business.
And I like dogs, walking on the beach at sunset, candlelight dinners, and red wine...
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