Building Emotional Equity through Reciprocity and FriendshipJuly 8, 2009
Business Plans 101 – Part TwoJuly 15, 2009
So you’re ready to create a killer business plan, which will yield a killer executive summary and a killer financing pitch. The first thing you MUST do? Put in the hours to make it perfect, because you’ll be repurposing the content in sales presentations, marketing collateral and white papers, recruiting pitches, and on your website.
Next, be sure to address the following:
* People (Have you hired the right ones?)
* Product or service (Can you build and deliver it? Will it fly?)
* Market (Is it big enough? Can you reach it?)
* Financial (How much will it cost us?)
When pitching potential investors, there’s no way to eliminate the financial risk completely, so focus on showing how solid your people are, how exceptional your product or service is (and why), and how huge the market you’re going after is PLUS how you’ll capture it. You must define your current and potential competitors too, in honest, realistic terms. Remember, your plan needs to reduce your investors’ fear of risk and increase their greed for gain.
Be sure to drop in a few days for Part Two and Three of this discussion! And definitely feel free to send over any questions you might have.
Christine Comaford, Business Accelerator
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author
PS: I’m busy getting ready for weekend long BAI mentoring session. Twenty lucky participants will get to work with me personally and do EXACTLY what I’m talking about above: Learn to practice networking in a new way, a way that creates AMAZING bonds between people. If you think you’re up to the challenge and are ready to make the commitment of both the time and the funds to attend ($1,997 early bird special), email firstname.lastname@example.org to save your spot.