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ICE Partners => Echoes of Heaven => Topic started by: Defendi on January 25, 2008, 11:15:00 AM

Title: Business Savvy?
Post by: Defendi on January 25, 2008, 11:15:00 AM

Hi.  In the next month I might need a real professional business plan to show the SBA.  Anyone business school guys out there feel like helping me design one and maybe do the writing?  Any help would be appreciated.  I don't know for a fact if I'll need it, but in case I do, I thought I'd put out feelers.

PM me if you have the skills and would like to volunteer.  :)

Title: Re: Business Savvy?
Post by: Michael Petrea on January 29, 2008, 09:14:15 AM

http://www.amazon.com/Business-Plans-Dummies-Paul-Tiffany/dp/0764576526/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1201616273&sr=1-1

While it is a "Dummies" book it was required reading for my Venture Capital class in grad school.  I still have it on my shelf at home.  It provides useful guidance on how to develop and write a business plan.  If you have no experience with business plans then I highly recommend it. 

I don't remember if this is addressed in the book but you might also want to work on your "5-minute pitch."  Basically, when trying to get money from a financier you should be able to summarize your business model, products, required investment, and (most importantly) how you will recoup that investment (return on investment) in a 5-minute pitch.  This speech determines whether the venture capitalist wants to hear anymore about your business idea.  Anyway, I am not sure if the SBA will need to hear this sort of thing since I think they deal mostly in loans, but just an FYI. 

Title: Re: Business Savvy?
Post by: Defendi on January 29, 2008, 04:20:23 PM

Thank you!

Title: Re: Business Savvy?
Post by: markc on February 08, 2008, 12:10:50 AM

 Any news on the Bis Savvy frount?

MDC

Title: Re: Business Savvy?
Post by: Defendi on February 08, 2008, 05:03:37 AM

I had one tentative contact, but he's pretty busy and I don't want to take too much of his time.  I got the dummies book today.  I really need to wow the SBA for a mico-loan or some such.  :)

Title: Re: Business Savvy?
Post by: markc on February 08, 2008, 04:38:36 PM

 Another thing you migh also look for is I know in CA they had Small Bis packet/book that I picked up at Costco. It had all the stuff for CA, requirements, forms, info etc. Unfortantly I do not know what I did with it as my back flaired up and I had to go infor an operation and decided I was going to go a different route. I know CA is a bigger state than UT but so their might not be as much stuff out thier.

Good Luck
MDC