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Preparing an Effective Business PlanHow To Make A Strategic Business Plan. Amazingly Simple But Powerful Tools For Managers Who Do Not Have The Time To Experiment. New Strategic Business Plan Guide With Spreadsheets And Check Lists and FREE Gifts. Preparing an effective Business Plan is the first step to raising Venture Capital. If done properly it will take a good deal of time and effort to get the job done properly. Don't rush through this step in the process, otherwise the months you spend meeting with angel investors and venture capital sources will be a waste of time, effort and money. I have read many Business Plans that clearly lacked preparation, were poorly written and probably did more harm than good when it came to raising capital. Every hour of preparation and research you spend on this first step to raising capital will save you months of time in the long run.
Your Business Plan should be professional, well planned, edited and then re-edited several times before you have your final version. Have as many business people as possible read it and question you on it before you send it to potential investors. Here's a simple but important drafting tip: START OUT STRONG. The first section that an investor reads is your Company Description section. You need to make an impact on the reader, grab their attention and make them want to read every word of your Business Plan. The best place to start is right at the top with your Company Description. You need to first differentiate yourself from the competition. You should start by laying the ground work in the Company Description. For more specific tips on drafting an effective Company Description, as well as other sections of a Business Plan, visit http://www.angel-and-venture-capital-guide.com Tip! Myth: I have to do everything I say I'm going to do in my business plan, or I'm a failure. The Executive Summary section of your Business Plan should be concise, direct and explain what your Company does or intends to do. Many clients of mine have prepared separate Executive Summaries as a condensed version of their Business Plan. Start off your Executive Summary with a description of the company and then a Mission Statement. The Mission Statement should be a short statement of your company's business and what it intends to accomplish as a goal. Limit your Mission Statement to 1 or 2 sentences in length. The two key points you want to convey are your confidence and the goal you are seeking to achieve. Strong and powerful statements are good because they show your business drive, but remember to keep it real. For instance, an internet service provider might have the following Mission Statement: Tip! Appendices - Any resumes, references, copies of studies done or anything else to back up information in the business plan should be included here. "NetSky Holdings, Inc. is an internet service provider (ISP) focused on acquiring other ISPs and consolidating all of their operations to achieve economies of scale. NetSky's goal is to be recognized as one of the most profitable ISP consolidation enterprises in the ISP field." Raising capital, especially for a start-up company, is extremely difficult. Your capital raising efforts will drain you physically and emotionally, and if you don't start off with a great Business Plan your chances of raising capital will be greatly diminished. Tip! Myth: Friends and family are the best sources of feedback and advice on my business plan. Joseph B. LaRocco - Visit http://www.angel-and-venture-capital-guide.com for great tips and information on Business Plans, Venture Capital Financing and Angel Investor Financing. Mr. LaRocco has represented and advised private and public companies, broker-dealer firms, investment bankers and high net worth clients in the area of securities investments, private placements, compliance and due diligence. Mr. LaRocco is an attorney who proactices law in New Canaan, CT. He also has extensive experience advising hedge funds on numerous trading, regulatory and compliance issues. He is currently General Counsel and a Director of NetSky Holdings, Inc. (Symbol: NKYH)
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