The Value of My Business Plan

After conducting research on experts views on the value of business plans, I became more aware of why it was so important. Brain Hill and Dee Powers are people that specialize in helping companies take their business to the next level. In one of their articles that they wrote, they state that it is very important to write a very detailed business plan. When I first started writing my business plan I did not have a clue of where to start. I was not sure on the actual concept of what I want my business to do. I also did not have an idea of how it would generate revenue, but I knew I loved music and working with the artist.

After doing some research and seeing what other experts had to say, it really helped me have a clearer understanding of what is needed. I started focusing on how my business and its services would be beneficial to my clients and community. Then I started to look more at how I could market my products and services. I took the time out to learn my market and how exactly I was going to target. After learning some of these things, I had to go in and redo my whole business plan and ideas. I had to get it more focused and see how it would grad the attention of my audience and possible investors.

My now updated business plan is more focused on who my company is, what we have to offer and how we will market the product and services to get revenue and cliental. I have change my marketing plan and also updated and focused on the sales and profit margin for each month. Hopefully after doing these necessary changes to my plan it will be more attractive to investors and also I can get started on building a strong following and client base.

The most important part of the part of my business plan to an investor is the financial part, which includes sales, and profits. They want to know that if they invest their money how long will it take for me to pay them back and still make a profit. Also what kind of services and products I offer and the way I marketing will be just as important. I have to make my company stand out and if it doesn’t then I could be in for some issues. 

Overall after reading articles from experts on business plans, it gave me a better understanding on how to research for funding and how to prepare to present my business. I also learn that I must understand how my business is different and how I can get my ideas to produce money and continue to be successful and beneficial to my clients and the community.

Sources:

http://ezinearticles.com/?Your-Business-Plans-Goals,-Objectives-and-Strategies&id=2406175

Steps to creating a successful Business Plan

These two “experts” Brian E. Hill and Dee Powers, give some great information on how to create a great business plan.

About the experts:

Brian E. Hill is a successful educated man that helps many people turns their dreams into a reality! He has an MBA with a specialization in Finance and has held several position not to include he worked for a financial institute where he forecast and established planning and analysis functions. He also founded Profit Dynamics Inc and has 20 plus years experience in strategic planning and business planning.

Brain also has been recognized for his written articles and has been interviewed as an expert in the venture capital industry for numerous publications including Smart Money, Business Week online, and Business Journals in several major cities.

Dee Powers also has her MBA degree and have worked in several position including finances for the government, a retail firm and also in hospitality. She also has worked to develop financial reports, strategic planning, cash flow management and marketing planning. Dee Powers is also a founding partner in Profit Dynamics Inc, and have over 20 years experience in business planning, mergers and acquisitions, and marketing.

Dee has accomplished so much throughout her life including being interviewed as an expert on the publishing industry, from the author's point of view by The New York Times, Washington Post, the Associated Press and various local publications.

The company that these two started is called Profit Dynamic Inc, which is located in Fountain Hills, AZ. This is a research and consulting firm that focuses on entrepreneurs, small and mid-sized companies that prepares and reviews their business plans. The company is based out of Phoenix, AZ the do work all over the United States and other countries.

 Advice:

After researching I came across some articles that Brian and Dee gives advice on what you need in your business plan and how to completed it. One main thing that stood out to me is that he said you must have a well written and thought out business plan before anyone would want to invest.

They also give out three key points when creating your business plan, First you must:

• Write a business plan that gets the attention of investors or lenders.
• Figure out the process of finding capital, and how to get started
• Also prepare to meet with investors and know what to expect

Once you began to focus on these things above, you will have an idea of what direction you want to take your ideas. Another important thing Brain said was that you must narrow down what it is your business will actually be offering and know your target audience.

Overall in their article on fo4funding.com Dee and Brain emphasized on how you must create a business plan that will appeal to investors. My goal is to get investor so interested in my company that they are will to put up as much money to see my dream happen. The article also talks about how you have to be clear in your management, executive summary and financial section how the company can make money and appeal to the audience. If you cannot get this done then the business plan still needs work. Finally you must have a great management team and have goals set or the company could fail based off of leadership. If you want to know more about how to create an effective business plan please read some of the Brain and Dee’s articles.

Source:

http://ezinearticles.com/?Your-Business-Plans-Goals,-Objectives-and-Strategies&id=2406175

http://ezinearticles.com/?expert=Brian_E._Hill

http://ezinearticles.com/?The-Benefits-of-Having-Action-Plans-In-Your-Business-Plan&id=6263982

http://go4funding.com/Articles/