biz plan help - wants to know about the people running the...

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Here are some pointers: Sec 1. Description of business. Include product lines and goals for company. Sec 2. Marketing: Describe marketing plan, current customers (with level of current business), potential customers and the amount of business you think you can get). Sec 3. Capital Needs: List all fixed assets needed for business (include costs and timetables for acquiring). Sec 4. Financial Statements: Need financial statements for years 1 - 3, year 5, year 7 and year 10. Sec 5. Management Biographies: Who ever is going to invest/loan money to the company
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Unformatted text preview: wants to know about the people running the company. A huge part in securing funding is being able to sell yourself along with your plan. You need to be able to explain how you are going to be able to attract customers and what differentiates you from the competition. VC is tighter with money than banks. Bankers want to lend you money as that is how they get paid. Be prepared to answer how much money you are going to infuse into the business. In my experience, nobody will 100% finance your venture....
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This note was uploaded on 06/01/2011 for the course LIBERAL AR 100 taught by Professor Staff during the Spring '11 term at Oakland CC.

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