Business Creativity
Making Your Plan Happen
By Rivky Shimon, published Feb 21, 2007
Published Content: 23 Total Views: 2,766 Favorited By: 1 CPs
The Plan
First of all, you need a plan. That means that you will need quite a bit of information. Most investors want to know how much money you are going to need and what you are going to do with it. But don't think that it's going to be a simple two question interview. It's going to get quite extensive. Have all the answers ready when you write your plan.
It requires a good bit of thought. But, a nice business plan model exists at the Small Business Administration where you can literally use any number of resources that they have in their library and you can even use their computers to work up a nice business plan. I have seen people who knew that they wanted to own a business one day, but they had no idea what or where to begin. By the time they used all the resources the Small Business Administration had to offer, they not only had their business plan but they had the exact business in mind and funding on the way.
Rivky's Art Workshop comes with a business plan model that you can use to get started. You are already one step ahead in the game plan. You can use our model and begin to seek out your funding sources, which is what I plan on covering next.
Finding Funding
Most entrepreneurs have ideas. No money. That's what investors expect. They know that you have great ideas for how to make money with their money. So, get started and get your plan out there in front of them.
Funding Universe is a great place to post a business plan and see if anyone bites. It's highly possible that an investor is going to come along at least once or twice a day to see what your plan contains. They'll look it over and they might put it down. But, something might start to nag them or another investor will come along the next day and pick right up on it. You never know what is going to happen. But, you can rest assured something is going to happen.
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Takeaways
- A nice business plan model exists at the Small Business Administration.
- Funding Universe is a great place to post a business plan and see if anyone bites.
- Rivky's Art Workshop comes with a business plan model that you can use to get started.
Did You Know?
There are investors out there who literally have no idea what to do with their money. They literally are used to waiting on entrepreneurs to approach them. Having your business plan together now gets your ready for the opportunity tomorrow.
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