This is the tale of two business plans with very different cover pages. They both contain a unique and exciting business opportunity with the potential for high investment returns. Arriving in the morning mail, each neatly bound plan lands on the desk of the same potential business investor. Both plans are competing with hundreds of other documents, worksheets, phone calls, and articles for the investor's attention. And, they compete in time, because each one, seen for a few seconds, is either heeded or passed up and seldom returned to by the investor.
The first plan is tightly bound. It has a cover page made from thick paper stock. The cover page resembles the cover page to a term paper. The company's name in the center of the page and the owner's contact information in the bottom left corner provide the first bits of information about the business to the investor. Not being familiar with the company name or the owner, the investor must now open the plan in order to learn anything meaningful about the business venture.
However, the stiff cover page complicates this simple task by preventing the document from easily flipping open and laying flat. Aggravating the investor who suddenly has to divert one hand from the uncooperative business plan to answer the phone as it rings for attention, leaving the remaining free hand to wrestle with the cover and hold the plan's pages flat.
After wrestling with the business plan, the quick-handed investor gets a glimpse of the first page of the plan: a standard confidentiality agreement. So the battle to find some meaningful information continues. This time, after some contorted efforts, the investor arrives at the next page, which is?the table of contents.
At this point, the investor is reminded of the caller on the phone. Not wanting to be rude, the investor apologizes to the caller and returns to the business plan challenge at hand. Eventually the investor reaches a page titled "Executive Summary." Anxiously the investor scans the page only to see an endless ocean of words and "information-less" headings like "The Company," "The Market and Industry," "Business Model/Strategy" and so on. Not wanting to be rude to the caller any longer, the investor decides its best to put this document aside...
The second business plan is also neatly bound. However, the binding on this plan allows the cover and pages to flip open and lay flat. In addition, the cover page is divided into two columns.
The left column is about five inches in width. It contains a brief headline at the top of the column that captures the essence of the business. The headline is followed by an outline of the business plan with concise single-paragraphs that summarize the company, its management team, its products/services, the funds being requested, available collateral, the use of proceeds, and a likely exit. The column ends with a small table of financial projections.
The right hand column, about two inches wide, begins by identifying the stage the business is in and its primary industry or market. This information is followed by the owners contact information and ends with a table of contents. The layout is not crowded and has plenty of white space to make it easy to read and easy on the eyes.
As the investor attempts to read this business plan, he receives another phone call. This time the investor doesn't have to wrestle with the business plan to read it. With one hand on the receiver, the other simply holds the plan or takes notes.
More importantly, the investor never has to actually open the business plan to find out basic information about the business venture. A quick scan of this business plan's cover page tells whether or not this business venture meets the investor's investment criteria in terms of market focus, business stage, and deal size. By simply highlighting a few key elements on the cover page of the business plan, the investor can pass along meaningful information to a colleague for further review and follow-up.
But let's say that this business plan doesn't fit this investor's investment criteria. What would happen then? Well, instead of just being passed up and never returned to, this investor, who was able to quickly glean some good insight into the business plan straight from the plan's cover page, is now in a position to forward the information to another investor who might be looking for this type of investment opportunity.
Remember, investors are typically very busy people; often juggling more than one major project or deal at a time. To separate your business plan from other plans and increase your chances for getting the funding you need, lay out and package your plan to fit their busy schedules and work styles. Start with an effective business plan cover page. click here for an example.
Mike Elia is a chief financial officer and an advisor to venture capitalists and leverage buyout specialists. His business plan ebook click here for an example. and click here for an example. help you make your business the most appealing investment choice to venture capitalist, bankers, and other business investors.
cleaning help near Winnetka ...It's obvious when a small business has accepted the fact... Read More
There are several well-known truck washes in the Great State... Read More
The success of your business depends on your ability to... Read More
As an entrepreneur you can learn a lot by following... Read More
Think of all of your business ideas as tiny seeds... Read More
1. TargetYou are not all things to all people. Decide... Read More
Many small businesses do quite well due to the blood,... Read More
Q. I am a former pastor who left the ministry... Read More
Business checks are available in many styles and varieties. They... Read More
How do you know when an alliance needs to be... Read More
What is a Virtual Assistant?? A Virtual Assistant is that... Read More
When small businesses fail, the wreckage is often assigned to... Read More
A Private Investigator is a professional trained in the art... Read More
We hear a lot of talk about junk mail nowadays.... Read More
All franchises must meet the legal definition of a franchise... Read More
Cleaning the trailers towed by big trucks is not easy,... Read More
Why are Chambers a good launching pad?Chambers provide you with... Read More
Most of us remember going to at least one garage... Read More
Q: I have outgrown my home office and need to... Read More
You make the decision to go into business and for... Read More
If you interviewed business owners of failed businesses, a majority... Read More
It has been said that the only constant is change.... Read More
Don't let your customer satisfaction research initiative collect dust on... Read More
That's right ? are you making enough mistakes in your... Read More
What types of companies do you want to align yourself... Read More
maid service near Wilmette ...Achieving real success should be the goal of any good... Read More
1. TargetYou are not all things to all people. Decide... Read More
How do marine type businesses start? Have you ever thought... Read More
What is a guru?A guru is a teacher. A mentor.... Read More
Macon, GA goes after garage-gas station conversion detail/hand car washes... Read More
$elling $elling $ellingWhat makes a great sales person? Well, the... Read More
Every home business has the same problem of how to... Read More
Most small businesses incorporated in 2005 will fail by the... Read More
When you feel like you're always busy working on your... Read More
If you really want to earn more money with your... Read More
Paper Shredding Business Opportunities are blossoming up everywhere because in... Read More
If you are looking for a franchise opportunity, the choice... Read More
What kinds of things effect mobile service businesses P and... Read More
WHEN you are operating or planning a small business that... Read More
Everyday, customers and business owners are bombarded with billboards, logos,... Read More
Your on-line success is based on your efforts and yours... Read More
On June 8, 2004, the world witnessed what no one... Read More
Whether your target audience is in your neighborhood or across... Read More
As a Boat Detailing Specialist, you may want to offer... Read More
Now that winter has passed, the annual ritual of spring... Read More
There's no question that hard work and a little luck... Read More
So often small service businesses fail to exploit niches, which... Read More
Starting the blind cleaning business is one of the best... Read More
Send handwritten notes. That applies whether you're a guy or... Read More
Here are some useful tips on how to select a... Read More
Small Business |