This Post below ↓ is only visible to you.
It is sheduled to delete with all the changelog & comment data attached. You can cancel deletion at any time.

How to write a best business plan ever? (not-published anywhere knowledge)

How to write a best business plan ever? (not-published anywhere knowledge)Edit

Andrzej Jeziorski · 431 user posts · 26 user answers

Business Plan is a document which puts all your thoughts about the business on paper. When I personally don't like to write those sort of things, you must understand the importance of this document. It's crucial to getting financing on your business (e.g. credit or investor) and no one would talk to you seriously before you would make (and refine) one. If it's a must-be you need to learn how to make it & how to make it: best, to persuade the potential investor. 
 
<div class='r' style='margin-left:10px'><img src='http://path-of-power.com/i/business-plan.jpg' alt='' style='width:450px'/></div>First thing that you need to understand is that anybody gives a shit about your feelings (or "it would probably work") and your job is to lure the investor that he WOULD GET MONEY by investing in it (substantial returns). It's maybe the hard thing to understand, but the people standing behind the project are the most important investment. 
 
Why I've mentioned world: lure. It's simple and when you would understand it it would be easier for us two to continue. Business plan and the business you're making – you haven't got grant it would be a successful one. Even if you are thinking that it would work (and it's enough), something can go wrong or you've could ignore some information which would have impact on it, but it's not the case. You're only thing which you want to make in the business plan is to convince the potential investor or creditor that the plan would work for sure. 
 
He needs to have on paper explanation of how it would work, how you would find the clients, methods of distribution of your product (because to earn money you need to sell items to substantial amount of people; you always need to sell) and point the actual amount of time you would need to start it, also: time & probable earnings from the business. Another thing is that the business plan could be delightful and wonderful for the potential investor, but in reality the team (or person) would fail to accomplish it (but it's not the topic of this article). 
 
As I've said before, your only task is to lure investor that you're granting him 100% (or more) that you're plan would work 100%, that it's the best investment to make and he would get substantial return on his equity. It doesn't matter would it work or not (but please make sure everything would work, because it would be visible sooner of faster) what matters is the mindset you're making writing a business plan and the one I've proposed it the only right one. It is up to the investor to judge to put his (or not his) money or not on the project, so leave him this work. Also your complex knowledge about the topic is very important (because the investor would see that you're lacking some knowledge, few signs and you won't get the deal). Every lack of faith or "it could work, but I'm not sure" would bury the deal. 
 
Investors are willing to put their money on things that would work only in 100% and won't loose their money. In comparison to normal people they commonly don't "gamble" with their money. They're less willing to risk in any way, especially when they're older. They don't believe in earn-fast deals, but proven things (type <a href='http://path-of-power.com/business-minds-4-types,50' target='_blank'>3 & 4</a>), because it made them in the first place rich & successful. Off course – you can find people on the other side (horoscope: Leo, the Lion), but it's the common trend. Please understand it. 
 
In last days: what's on put focus – is innovation. You must find (ever if it hasn't got it) a something that is 10% new than in competitors (even if you won't use it, just to be there), something which is 10% new which can give you (but not necessary would, for the purpose of the business plan) an advantage in the market place and which could be like "real" to put or give (in some sense: achievable – for the investor to take). 
 
I've watched about 200h of material about scammers (e.g. "American Greed" series) and the one thing they've did: they were too greedy and proposed people an just unreal promises (I knew some of them personally and even given them money on purpose: to learn [for the purpose of learning] methods from them [knowing I would be scammed], but not to use those method in an unmoral way, but to make myself better and to share this knowledge). Where in UK, US it could work easily, in Poland it would just won't (Poland is a very specific country). Gaining the knowledge about it, I can only say that you may want to use some knowledge which I've received from those records. What scammers always do is: put you in a faith that it would always work and you would always get what you want (that e.g. something happened). You should do the same (but not necessary to scam anyone, but to keep faith – "honest" people loose it sometimes and it would destroy the whole "moral" plan, scammers don't seem to have with it any problems and they also get what they want; remember this lesson). 
 
The thing is that: in business plan you just can't put only knowledge that in reality would work for sure, but you need to create some sort of vision which would be implemented by those things which seem to be achievable, but not necessarily would be done (well it doesn't matter). The reason why you need to do this is only 1: you would always loose with somebody who put his imagination into play, but playing only "reality 100%". You must put all those things to make distinct able amongst other business plans (other visions and plans of people). 
 
Create a HUGE vision, that has INNOVATION (but exists in the market place, but could regain some share of the market) – this is the safest and the best way to plan, because you can easily show earning of competitors and most investors would like to invest in your projects if you've got only some sort of experience in this field and proven yourself in the past. Where creditors would invest (like banks) probably much safer (would like to invest much safer) – in franchises (already proven business). 
 
You must understand that without this innovation, something new – business man could easily buy already created business for probably less. Keep that in mind. I've discovered that the general trend is to buy proven businesses (already working) than investing in new startups which is very much riskier. Avoid to think about it, because you're goal is to convince your potential investor to invest money in you. 
 
It depends if you're making a stricte-niche business or rather worldwide one, but the main rule is: to promote a vision of substantial returns for the investor. If you only can have money on the business in other way (e.g. "free money" from European Union on company – select it in the first way). Another good way to get money is to take your rich friend into the business. With investors you've got lots of papers to sign, talks and the time when you get all the money and everything – it's not 1, 2 days or even a week. It's average a 3-month time or even much more (even if it's only "2 weeks" – it always takes enormous time). Paradoxically 3-month time is not so much, 6 or more are also common (if you would ever get them), but it's not the topic of this article (just advice). Another paradox is that the business is "0" (startup) nobody seems to want it and you're desperate to find money on it, but when it becomes successful everyone ones it and in reality (in most cases): you don't need help in this stage (but you remember how you've "worked" to get those money in the first place). 
 
A good way to start a business plan (when you're making the worldwide startup, e.g. international website) like "In the decade, on the Internet we see a creation of large conglomerates like auctions -> eBay, socializing -> Facebook, but what... then you print the idea, show competitors and POSSIBLE RETURNS, confidence that you're the one that would make it and you've just got it. The point is that you show that this investment of e.g. 100k of money would bring in future millions, so they're really putting anything and you're the SPRITE not the DESIRE. You don't need even this money (because you would receive them soon or faster), but you're giving them OPPORTUNITY to earn so much THAT THEY DON'T EVEN IMAGINE (don't use that words). They're yours. The most important thing is your body language, voice tone, altitude, confidence – you need to show them that you're the best choice and you would fully handle with the task, but on other side: you're reliable and to be trusted to be given money they've hardly earned. 
 
Again selling. 
· <a href='http://path-of-power.com/how-to-sell-part-i-general-rules-introduction,321' target='_blank'>HOW TO SELL, PART I: general rules (introduction)</a> 
· <a href='http://path-of-power.com/how-to-sell-part-ii-manipulation-in-action-manipulation-techniques,323' target='_blank'>HOW TO SELL, PART II: manipulation in action (manipulation techniques)</a> 
· <a href='http://path-of-power.com/how-to-sell-part-iii-inner-game-fake-it-till-you-make-it-in-practice,326' target='_blank'>HOW TO SELL, PART III: Inner game (fake it, till you make it) in practice</a> 
 
The point where you would have problems: are shares. They want min. 51%, ALWAYS – <strike>FUCKING</strike> ALWAYS or in some cases: you get 30% or even less (or you get none and you're being left on the ice). It's also common that they would sponsor you everything which you need or want, extra: could give you monthly minimum salary, but they won't give you X number of cash (which you need to e.g. repay your debts or buy something which you need for yourself: to make e.g. make your project best, because everyone knows: you need have balance with everything, it's not about: work, work and work all the time) to have power and motivation and don't burn yourself on it (when they do sh*t and put only money on it). 
 
You must understand that the most important part is to persuade them to invest in you and you do whatever effort is necessary to achieve it. 
 
… 
 
TIP.1: In SWOT in the analysis "weak points", NEVER ever write that "it couldn't work" or "it may fail", instead write something not connected with the business much, but 
BEST is to NEVER write ANY bad sides, or risks. Everyone knows them: [1] the project could fail and others. 
 
I've done something like this (make it funny or "not a problem" for the investor, just to keep him not thinking about any "dangers"). [put on translator] Very good way is to point on people standing behind the project, because it would let them know that directly those people are priceless, which make the project successful and even if he would hire anybody to make the same, the project would fail. 
 
<code>6.1 Strengths 
Certainly the strongest aspect of the project is the person behind it, which has a total know-how regarding business and knows the ways of achieving specific strategic objectives in the IT industry (technical). Knowledge, which has been used previously and gained through practice will be used in wypozycjonowaniu this site (in time) the # 1 leader in the world, both globally and directed to different regions. There are no global services, which collect clients from different countries. There is a global giant in the industry - it is a 'gap' market, which should be utilized. 
6.2 Weaknesses 
Unfortunately, I have a complete lack of skill when it comes to substantive preparation of the project (ie the "paperwork") to a strategic investor, and no skills when it comes to accounting and accountability in government offices. 
6.3 Opportunities companies 
With a very strong "fundamentals" or really those who are behind the idea - the company has a great chance to become the number # 1 in the industry, and also thanks to a very well thought out strategy for achieving individual goals. I would add also the information that does not personally will never accept a worse position than the first in the industry, hence the certainty of success in this field. 
6.4 Threats to the company 
It seems probable that the acquisition of a strategic investor later in the venture, but what I allow for the weaknesses - information written on paper, such as estimates and overall "paperwork" are not my forte. This could be an obstacle to development (if I have to do it yourself, transcribe in these documents.) </code> 
 
Review your business plan or give it somebody (trusted) to read. 
 
… Update 2011-07-24. 
 
<ol><li>What is your product or service?</li> 
<li>Who are your target customers?</li> 
<li>What will compel them to buy your product?</li> 
<li>What alternative products are available to customers?</li> 
<li>Who are your competitors?</li> 
<li>What are the key competitive advantages of your product?</li> 
<li>What is the size of your target market?</li> 
<li>When will your product be ready for sale?</li> 
<li>Who are the company founders and what is their background?</li> 
<li>What are your financial projections for the business?</li> 
<li>How much money are you looking for?</li> 
<li>What is the valuation of your company?</li></ol> 
 
Visit also. 
· <a href='http://path-of-power.com/rules-you-need-to-know-while-approaching-business-angels-investors,392' target='_blank'>Rules you need to know while approaching business angels investors</a> 
· <a href='http://path-of-power.com/how-to-make-the-best-business-presentation,391' target='_blank'>How to make the best business presentation?</a>

Cancel

Business Plan is a document which puts all your thoughts about the business on paper. When I personally don't like to write those sort of things, you must understand the importance of this document. It's crucial to getting financing on your business (e.g. credit or investor) and no one would talk to you seriously before you would make (and refine) one. If it's a must-be you need to learn how to make it & how to make it: best, to persuade the potential investor.

First thing that you need to understand is that anybody gives a shit about your feelings (or "it would probably work") and your job is to lure the investor that he WOULD GET MONEY by investing in it (substantial returns). It's maybe the hard thing to understand, but the people standing behind the project are the most important investment.

Why I've mentioned world: lure. It's simple and when you would understand it it would be easier for us two to continue. Business plan and the business you're making – you haven't got grant it would be a successful one. Even if you are thinking that it would work (and it's enough), something can go wrong or you've could ignore some information which would have impact on it, but it's not the case. You're only thing which you want to make in the business plan is to convince the potential investor or creditor that the plan would work for sure.

He needs to have on paper explanation of how it would work, how you would find the clients, methods of distribution of your product (because to earn money you need to sell items to substantial amount of people; you always need to sell) and point the actual amount of time you would need to start it, also: time & probable earnings from the business. Another thing is that the business plan could be delightful and wonderful for the potential investor, but in reality the team (or person) would fail to accomplish it (but it's not the topic of this article).

As I've said before, your only task is to lure investor that you're granting him 100% (or more) that you're plan would work 100%, that it's the best investment to make and he would get substantial return on his equity. It doesn't matter would it work or not (but please make sure everything would work, because it would be visible sooner of faster) what matters is the mindset you're making writing a business plan and the one I've proposed it the only right one. It is up to the investor to judge to put his (or not his) money or not on the project, so leave him this work. Also your complex knowledge about the topic is very important (because the investor would see that you're lacking some knowledge, few signs and you won't get the deal). Every lack of faith or "it could work, but I'm not sure" would bury the deal.

Investors are willing to put their money on things that would work only in 100% and won't loose their money. In comparison to normal people they commonly don't "gamble" with their money. They're less willing to risk in any way, especially when they're older. They don't believe in earn-fast deals, but proven things (type 3 & 4), because it made them in the first place rich & successful. Off course – you can find people on the other side (horoscope: Leo, the Lion), but it's the common trend. Please understand it.

In last days: what's on put focus – is innovation. You must find (ever if it hasn't got it) a something that is 10% new than in competitors (even if you won't use it, just to be there), something which is 10% new which can give you (but not necessary would, for the purpose of the business plan) an advantage in the market place and which could be like "real" to put or give (in some sense: achievable – for the investor to take).

I've watched about 200h of material about scammers (e.g. "American Greed" series) and the one thing they've did: they were too greedy and proposed people an just unreal promises (I knew some of them personally and even given them money on purpose: to learn [for the purpose of learning] methods from them [knowing I would be scammed], but not to use those method in an unmoral way, but to make myself better and to share this knowledge). Where in UK, US it could work easily, in Poland it would just won't (Poland is a very specific country). Gaining the knowledge about it, I can only say that you may want to use some knowledge which I've received from those records. What scammers always do is: put you in a faith that it would always work and you would always get what you want (that e.g. something happened). You should do the same (but not necessary to scam anyone, but to keep faith – "honest" people loose it sometimes and it would destroy the whole "moral" plan, scammers don't seem to have with it any problems and they also get what they want; remember this lesson).

The thing is that: in business plan you just can't put only knowledge that in reality would work for sure, but you need to create some sort of vision which would be implemented by those things which seem to be achievable, but not necessarily would be done (well it doesn't matter). The reason why you need to do this is only 1: you would always loose with somebody who put his imagination into play, but playing only "reality 100%". You must put all those things to make distinct able amongst other business plans (other visions and plans of people).

Create a HUGE vision, that has INNOVATION (but exists in the market place, but could regain some share of the market) – this is the safest and the best way to plan, because you can easily show earning of competitors and most investors would like to invest in your projects if you've got only some sort of experience in this field and proven yourself in the past. Where creditors would invest (like banks) probably much safer (would like to invest much safer) – in franchises (already proven business).

You must understand that without this innovation, something new – business man could easily buy already created business for probably less. Keep that in mind. I've discovered that the general trend is to buy proven businesses (already working) than investing in new startups which is very much riskier. Avoid to think about it, because you're goal is to convince your potential investor to invest money in you.

It depends if you're making a stricte-niche business or rather worldwide one, but the main rule is: to promote a vision of substantial returns for the investor. If you only can have money on the business in other way (e.g. "free money" from European Union on company – select it in the first way). Another good way to get money is to take your rich friend into the business. With investors you've got lots of papers to sign, talks and the time when you get all the money and everything – it's not 1, 2 days or even a week. It's average a 3-month time or even much more (even if it's only "2 weeks" – it always takes enormous time). Paradoxically 3-month time is not so much, 6 or more are also common (if you would ever get them), but it's not the topic of this article (just advice). Another paradox is that the business is "0" (startup) nobody seems to want it and you're desperate to find money on it, but when it becomes successful everyone ones it and in reality (in most cases): you don't need help in this stage (but you remember how you've "worked" to get those money in the first place).

A good way to start a business plan (when you're making the worldwide startup, e.g. international website) like "In the decade, on the Internet we see a creation of large conglomerates like auctions -> eBay, socializing -> Facebook, but what... then you print the idea, show competitors and POSSIBLE RETURNS, confidence that you're the one that would make it and you've just got it. The point is that you show that this investment of e.g. 100k of money would bring in future millions, so they're really putting anything and you're the SPRITE not the DESIRE. You don't need even this money (because you would receive them soon or faster), but you're giving them OPPORTUNITY to earn so much THAT THEY DON'T EVEN IMAGINE (don't use that words). They're yours. The most important thing is your body language, voice tone, altitude, confidence – you need to show them that you're the best choice and you would fully handle with the task, but on other side: you're reliable and to be trusted to be given money they've hardly earned.

Again selling.
· HOW TO SELL, PART I: general rules (introduction)
· HOW TO SELL, PART II: manipulation in action (manipulation techniques)
· HOW TO SELL, PART III: Inner game (fake it, till you make it) in practice

The point where you would have problems: are shares. They want min. 51%, ALWAYS – ~~FUCKING~~ ALWAYS or in some cases: you get 30% or even less (or you get none and you're being left on the ice). It's also common that they would sponsor you everything which you need or want, extra: could give you monthly minimum salary, but they won't give you X number of cash (which you need to e.g. repay your debts or buy something which you need for yourself: to make e.g. make your project best, because everyone knows: you need have balance with everything, it's not about: work, work and work all the time) to have power and motivation and don't burn yourself on it (when they do sh*t and put only money on it).

You must understand that the most important part is to persuade them to invest in you and you do whatever effort is necessary to achieve it.

…

TIP.1: In SWOT in the analysis "weak points", NEVER ever write that "it couldn't work" or "it may fail", instead write something not connected with the business much, but
BEST is to NEVER write ANY bad sides, or risks. Everyone knows them: [1] the project could fail and others.

I've done something like this (make it funny or "not a problem" for the investor, just to keep him not thinking about any "dangers"). [put on translator] Very good way is to point on people standing behind the project, because it would let them know that directly those people are priceless, which make the project successful and even if he would hire anybody to make the same, the project would fail.

6.1 Strengths 

Certainly the strongest aspect of the project is the person behind it, which has a total know-how regarding business and knows the ways of achieving specific strategic objectives in the IT industry (technical). Knowledge, which has been used previously and gained through practice will be used in wypozycjonowaniu this site (in time) the # 1 leader in the world, both
globally and directed to different regions. There are no global services, which collect clients from different countries. There is a global giant in the industry - it is a 'gap' market, which should be utilized. 

6.2 Weaknesses 

Unfortunately, I have a complete lack of skill when it comes to substantive preparation of the project (ie the "paperwork") to a strategic investor, and no skills when it comes to accounting and accountability in government offices. 

6.3 Opportunities companies 

With a very strong "fundamentals" or really those who are behind the idea - the company has a great chance to become the number # 1 in the industry, and also thanks to a very well thought out strategy for achieving individual goals. I would add also the information that does not personally will never accept a worse position than the first in the industry, hence the
certainty of success in this field. 

6.4 Threats to the company 

It seems probable that the acquisition of a strategic investor later in the venture, but what I allow for the weaknesses - information written on paper, such as estimates and overall "paperwork" are not my forte. This could be an obstacle to development (if I have to do it yourself, transcribe in these documents.)

Review your business plan or give it somebody (trusted) to read.

… Update 2011-07-24.