Not Having A Business Plan Equals No Chance Of Getting Private Money

business planYou’ve probably heard this before, and you probably still have not done it.  Stop Kidding Yourself…

A Business Plan IS Necessary To Get Private Money!

 

Many Guru’s  teaching how to get private money are only teaching you how to get their interest.  They forget that in the real world of investing that  private money lenders are not going to give you the money until you show them a business plan

Think about it.  Why would they give you money without a plan?  Why would you even attempt to do approach them without a rock solid plan?  Would you go out into the Arctic without a jacket?  Would you go fishing without bait, a fishing pole or net? Then, why approach private investors without having a business plan?

A business plan puts you solid ground and sets you up to get the most private money in the shortest period of time.  You must have a formal business plan –  a document that details your business operations, marketing, financing sources and serves as magnet for private investors.

Not having a business plan is linked to most small business failures, according to the U.S. Small Business Administration.

To really get people to be impressed with your real estate opportunities, walk them through your business plan.  Remove all doubts and obstacles to having a great business plan by using the following guidelines:

  1. Begin with your end financial profits – what profits do you want to make? what is the time frame?
  2. Tell them exactly in an Executive Summary concisely how you will make money – lay out the details of your operation and walk the reader of you plan through the results and milestones of your operation.
  3. Have a focused  strategy. This  will accelerate your progress and make for a better business plan. Don’t try to be jack of all trades – if you’re going to fix and flip houses, don’t wander your business plan off into mobile home parks.  Keep it simple.
  4. Include your marketing plan! This is the  most important part of your business plan – you must show how you’ll find your deals, or opportunities. If you ignore marketing, you’re ignoring the fundamentals of a successful business.

Business planning is a major factor in my  success and using it to raise private money to do more and more deals.  When you  spend just a little bit of time on your plan, you can  have the same result.

If you’ve been struggling to start or finish your business plan, you’re in luck… Now you can quickly and easily create a professional business plan for ONLY $1!

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