Why Bankers and Investors ask for a Business Plan Biz Plan Hacks

It saves them time because they can read your plan and get a quick overview of the business, how you plan to run it, and how much money you will make. The reason bankers and investors like business plans is it is in a format that they are familiar with and provides them with the information they need to make a lending decision. It also serves as 'disclosure' document and [...] Read More


Finding Investors and Presenting A Business Plan To Investors Biz Plan Hacks

First, write (or modify the executive summary) of your business plan for each Investor. Second you will have to look for potential Investors like a salesman would look for a customer and preparation is the key. For example, a friend of mine (a strategic planner) decided to take up bow hunting. he studied everything -- I mean everything. He took shooting lessons, studied deer migration patterns, talked to old hunters [...] Read More


Business Plan Templates Biz Plan Hacks

The Business Plan blog is providing free templates for building your business plan. Putting your business plan together can be a daunting task, but these templates will make the process a little easier. Remember not only should you have a business plan for starting up your business; you should update your business plan on a regular basis based on the performance of your business and adjust your numbers. Now you cannot [...] Read More


Home Biz Idea of the Week: Home Based Knitting Business (Part II) Home Based Business

This is the second part of the Home Biz Idea of the Week featuring Working from Home as a Knitter. It's first part includes the tools and other requirements on starting a knitting home business. Always start with a business plan. A business plan is an outline of everything that has to do with your business and helps you take a methodical approach to operating your business. It will also ensure [...] Read More


Business Model or Plan: Which Do You Use? Bizinformer

Dan Sitter brings up an interesting point this week in his blog Idea Sellers: Business Models: A Track to Run On. He asks "What is the difference between a business plan and a business model?" We frequently hear about the business plan because investors are looking for the information found in your plan to determine if or how much they are willing to lend. But so often the plan is developed - especially [...] Read More