Investors and Business Plans

FRANK GOLEY

Frank Goley is the business consultant at ABC Business Consulting. He has worked for many years in a vast variety of different business industries. He has also published books about business plans and success. (i.e. Business Planning book and The Business Success Guide) ("About us," 2012).

The way ABC Business Consulting and Goley operate is through planning, consulting, and implementing. As they say, the plan will only work if it is implemented. Anyway, what good is a plan if it is never put into practice ("About us," 2012)?

There are many important critical and key components that investors look for in a plan. One important one is being genuine. Being perceived fake is not going to get you or your business anywhere. Realistic assumptions in a business plan are also important. Realistic assumptions can show investors that you are not expecting too much and that you know what you are doing. It makes you and your business both look credible (Goley 2012).

DAVE LAVINSKY

Dave Lavinsky is the founder of growthink. Growthink helps “entrepreneurs to successfully start, grow and/or exit their companies,” (Growthink Inc, 2012). Lavinsky has written over 100 business plans and hundreds of article about entrepreneurship, business planning, and capital-raising, according to his company’s website ("Dave lavinsky," 2012).

Some of Lavinsky’s tips for investors consist of scalability, high barriers to entry, and your exit strategy (Lavinsky, 2012). Scalability determines how much the investors are going to make off of your business. They are not going to want to keep putting more and more money into your business to get it to be full scale and growing. They want to make the most money off of you while putting the least amount of their own money in. High barriers deal with competition. The harder it is for others in the industry to compete with your company, the better. You want a definite, strong edge on the competition. Your exit strategy is where the investor will potentially make all their money. You want your company to be likely to be bought out or to go public, according to Lavinsky (Lavinsky, 2012).

Resources:

About us. (2012). Retrieved from http://www.businessconsultingabc.com/About_Us.html

Dave lavinsky. (2012). Retrieved from http://www.growthink.com/team/dave-lavinsky

Lavinsky, D. (2012, May 13). Finding angel investors & convincing them to give you funding. Retrieved from http://www.growthink.com/content/finding-angel-investors-convincing-them-give-you-funding

Goley, F. (2012, May 9). Effective investor and venture capital pitch tips. Retrieved from http://abcbusinesssuccessblog.businessconsultingabc.com/2012/05/09/effective-investor-and-venture-capital-pitch-tips/

Growthink Inc. (2012). About us. Retrieved from http://www.growthink.com/about-us