Business Plan Basics

Written by William Cate


Business Plan Basics By William Cate

Few business plans are well written. It's why reviewers rarely read beyondrepparttar first page ofrepparttar 139396 Executive Summary. It's why Venture Capital Firms can review over ten thousand business plans and fund only one.

Sincerepparttar 139397 DotCom Bubble burst, professional money's Prime Directive is "Cashflow Now." The corollary to this Directive is thatrepparttar 139398 equity investment should result in an asset worth a multiple of its present value, within 3-5 years. Your business plan must credibly address these investor needs to be taken seriously.

Your two-page Executive Summary, using simple declarative sentences, should exciterepparttar 139399 reader and answer these questions. 1. What Do You Have? 2. What Do You Want? 3. If You Had What You Want, What Would berepparttar 139400 Result? 4. What Are You Willing to Give Up to Get What You Want?

The purpose of your 30-50 Page Business Plan is to make your proposal credible to investors. The secret to credibility is being specific. Focus on proving that you have what you claim to have. Explain, beyond reasonable doubt, whyrepparttar 139401 outcome ofrepparttar 139402 investment that you project in your Executive Summary will berepparttar 139403 outcome in reality, ifrepparttar 139404 Venture Capitalists risk money with your company. Your commitment to your company is essential to your business plan's credibility. If you aren't at risk, few Venture Capitalists are willing to put themselves at risk for your company's success.

Life is risk. Any business proposal has inherent risks. Acknowledgerepparttar 139405 risks involved in your business plan. Call them "challenges," if you like. But, a business plan without risk acknowledgement isn't credible.

Avoid padding. An investor isn't interested inrepparttar 139406 fact that you play tennis on weekends, that your daughter is in pre-law at Yale, or that you starred in your high school play. They are interested inrepparttar 139407 name ofrepparttar 139408 institution where you got your college degree or degrees along with your date of graduation and your major. If you claim advanced degrees, add your Thesis or Dissertation topic. Your work experience is vital to your credibility. Be specific, giverepparttar 139409 name, address and phone number of past employers and include names of supervisors and exact dates of employment.

Avoid cashflow projections. They aren't credible. Use an essay format to discuss how your funded proposal will ensure cashflow now and increase your company's balance sheet value. Don't query or submit your business plan to Venture Capital Firms that won't fund projects in your industry or country. It's a waste of time.

Two Timeless Rules in FOREX Investing

Written by Adrian Pablo


One important thing that every new trader must know before entering this highly profitable business is that life is not perfect, even in FOREX land, and you should always know one fact: YOU WILL HAVE LOSING TRADES.

Every FOREX trader does. The key to being a consistent, predictable, reliable trader is to, atrepparttar end ofrepparttar 139374 day, add up more wins than losses. And, when you KNOW(based off your trading rules), without a doubt, that YES, indeed you are, in a losing trade, don't keep losing money (lowering your stop loss) just to *prove you are right* or your rules are wrong (however you want to look at it).

Let's face it - you can't turn a sow's ear into a silk purse. You can't changerepparttar 139375 spots of a leopard and you can't turn chicken poop into chicken salad. The best trades are usually "right" immediately (the techniques, rules, methods and strategies you can learn in our resources list will be your best indicator for just what a "right" trade really is).

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