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Preparing a Great Business Plan?

I have an idea and have done some research and number crunching on it. Now I need to prepare a great business plan which I can take to potential investors. Have checked out many Business plan software sites and also freelance peopleperhour etc. But Im confused how to identify a correct person to help me prepare the pitch. I have all the data and numbers just need to put them in a proper manner and also maybe some points I may miss out on otherwise.

22 Replies

Nawaz Ahmed
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Nawaz Ahmed Entrepreneur
Founder CEO 5n Business Consultants
Dear zainul Just sharing professional business plan format which is being used four investors from USA to Sydney Click http://5nbusinessconsultants.com/business_plan_sample Regards Nawaz
Steven Krane
4
1
Steven Krane Entrepreneur
Entrepreneur & Investor
Hi - I have started 8 companies and raised millions of dollars. No one should do the business plan other than you.
Nawaz Ahmed
0
0
Nawaz Ahmed Entrepreneur
Founder CEO 5n Business Consultants
Rightly said by Steven business plan should be prepared by the founder if need help do buzz
Bill Warner
3
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Bill Warner Entrepreneur
Managing Partner of Paladin and Associates
You should do the plan, but for your pitch, definitely get help from people who know how to present to investors. You can contact me if you would like some assistance on that. You can contact me on LinkedIn if you would like some guidance.
Christopher Croupe
1
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Christopher Croupe Entrepreneur
Senior Director, Corporate Strategy and Development at Nokia
If you Google "vc pitch deck template" you can pick from the list (many of the larger VCs have a specific template - so use that if you're pitching to them). You'll see a common framework - pick what works best for your story.
Martin Omansky
1
0
Martin Omansky Entrepreneur
Independent Venture Capital & Private Equity Professional
My angel group sometimes asks me to help entrepreneurs prepare business plans at no cost to the entrepreneur. If you are in my area, I might be able to help. Where are you, and what is your venture all a out. You can contact me directly at crucibleadvisorsatgmaildotcom. Sent from my iPhone
Zainul Tinwala
0
0
Zainul Tinwala Entrepreneur
CEO at H T Impex.
Thanks for the quick responses. Like I mentioned we have the numbers and other research. Just need to put it in a proper format and make a good presentation etc. Couple of VC have asked for a short video pitch as well.
Im based in Mumbai India. Will follow up all responses and keep you all updated of the outcome.
Joseph Wang
1
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Joseph Wang Entrepreneur
Chief Science Officer at Bitquant Research Laboratories
This may be location dependent, but here in Hong Kong, preparing a business plan is useless if you are raising less than USD 5 million from angel investors (and note that angels and VC's are very different). You do a pitch deck and a 1-2 page teaser, and if someone is interested then you talk with them about business plans. Elaborate business plans are a waste of time for everyone. An angel investor is not going to want to read a stack of business plans. They want to hear a five minute pitch and if they like you, then you start talking about the details of the business. On your side, if you are spending most of your time planning and not enough time doing, then there is a problem.

Usually you can get help in creating the pitch from a local angel network. Often the network that you are pitching to will help you create the pitch. The reason people do this is that it saves time for everyone involved. For example, you'd be amazed at the number of pitches that I've seen that don't answer the question "how much money do you need?" There are some standard problems with pitches, and most of those can be resolved with a one hour conversation.

Here is the standard template that people use in HK

forbes.com/sites/chancebarnett/2014/05/09/investor-pitch-deck-to-raise-money-for-startups

The standard template is intentionally designed so that you can write the pitch by yourself in a relatively short period of time.
Pete Fry
1
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Pete Fry Entrepreneur
Founder, START LLC | Business Planning | Startups | Strategy
As the founder it's important the plan is your plan so it's a good idea if you write at least the first draft - if not the whole thing. The software and articles you can google will give you an idea of the structure you'll need. For the first draft I would not worry about perfect grammar or flow - just get your ideas down. Some of the key ideas will be in your financial projections/model and assumptions - even though most people recognize these contain a lot of guesswork it's important to be able to demonstrate to potential investors how things might work out in their favour. Different investors have different requirements for pitch/plan/model. Some are OK with just a slide deck. Some are happy with a 4 page summary - some prefer a longer plan - if only to demonstrate that the founder has thought things through - probably a maximum of 18 pages though - if you need more then use appendices/exhibits for the extra information. If you need help with pitching/writing/editing the plan find someone with relevant experience and get references. Good luck with your business! Pete
David Fadayomi
2
0
David Fadayomi Entrepreneur
Strategy & Planning | MobBrains Consulting Group
My suggestion is to ignore the typical 'business plan' approach and start with the Business Model Canvas, in my opinion this helps you to focus on key areas of your idea & unearth your value proposition. When you say "research", does it involve customer interviews/development? If not, that's another area that will help refine your idea & validate all those assumptions. Be sure to check out Justin Wilcox for more information. Good luck! Sent from my iPhone
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