For the last month I have been working on building my business plan for my entertainment company. One thing that is important when developing a business is the information that goes into it such as the marketing and financial data. Investors want to know if there is a market to sale your product in and if they will get a return on their investment.
When researching business plan experts I came across Theo Afkoudias, a Project Prospectus who has written numerous of articles on investor documents. He has a strong commercial awareness and broad business on financial writing. What he looks for when writing business plans is the resource allocation and preempts of return on the resources. When looking at new business plans he focus on the management section, “ In the management section you need someone who is experience in that industry in order to determine if I would move forward with the business deal”. He also mentioned to put focus on the industry analysis and marketing research; if you don’t know your market then you don’t have anyone to sales too.
While researching business plan experts I went to take a second look at what Timothy J. Cartwright the Chairman of Gulf Coast Venture Form stated, about what he looks for when investing. The first thing he looks at is the proforma financial statement; it should include detailed information on revenue building and exit strategy, along with how the company will return the invested funds. In order for him to invest his money into your business he has to make certain that he will get a return on his investment.
So after the long research of finding out what I should put into my business plan I went back to adjust my marketing strategy, make sure I hit head on with the customers in my target market and how I would pull them in as clients. And I readjusted my financial statements, making as real assumptions as possible while giving the investors the opportunity to invest knowing they will get a full return on their investment with the shortest time possible.
Wednesday, June 22, 2011
Monday, June 6, 2011
Business Plan Experts...
When developing a business plan you want it to be perfect and self-explanatory. A business plan contains all the information you will need in order to receive funds from a bank or investors to start your business. Well for the last ten months or so I have been working on my business plan preparing for the day that I have to place it in some one hands. I was researching some banks, venture capitalist, and angel investors when I came across this company named Gulf Coast Venture Forum. The company is located in Naples, FL it is a group of angel investors that looks for investment prospective in pre-revenue or early revenue companies involved in targeted industries.
Ran by Timothy J. Cartwright Chairman of Gulf Coast Venture Forum. He is also Managing Director of Compass Advisory Group, LLC, a firm he founded in 2003. He began his career working with marketing companies that specialized in software. He received his MBA at J.L. Kellogg School of Management at Northwestern University and his undergrad from University of Wisconsin in Economics. He has also served as a Board position with FGCU Foundation and served as a Director for the Florida Economic Development Council.
The company looks for passionate and committed management team who also has invested their own capital in the company. There should be documentation of customer demand within the industry and business, a competitor analysis, a complete description on how the company will make money. Proforma financial statements should be included as well with detailed information on revenue build-up, and an exit strategy along with how the company will return the angel investors fund. If selected GCVF provides presenters with a 20-minute delivery followed by 10 minutes of Q&A. They look for market opportunities, potential growth, among other factors, to make sure that you are meeting the investment criteria.
So make sure that when the time comes for you to complete your business plan and hand it to investor that you do your homework and research companies like the one above, because not all investors are good investors.
www.gcvf.com
http://www.pr.com/press-release/70338
http://angelsoft.net/angel-group/gulf-coast-venture-forum
Ran by Timothy J. Cartwright Chairman of Gulf Coast Venture Forum. He is also Managing Director of Compass Advisory Group, LLC, a firm he founded in 2003. He began his career working with marketing companies that specialized in software. He received his MBA at J.L. Kellogg School of Management at Northwestern University and his undergrad from University of Wisconsin in Economics. He has also served as a Board position with FGCU Foundation and served as a Director for the Florida Economic Development Council.
The company looks for passionate and committed management team who also has invested their own capital in the company. There should be documentation of customer demand within the industry and business, a competitor analysis, a complete description on how the company will make money. Proforma financial statements should be included as well with detailed information on revenue build-up, and an exit strategy along with how the company will return the angel investors fund. If selected GCVF provides presenters with a 20-minute delivery followed by 10 minutes of Q&A. They look for market opportunities, potential growth, among other factors, to make sure that you are meeting the investment criteria.
So make sure that when the time comes for you to complete your business plan and hand it to investor that you do your homework and research companies like the one above, because not all investors are good investors.
www.gcvf.com
http://www.pr.com/press-release/70338
http://angelsoft.net/angel-group/gulf-coast-venture-forum
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