When Your Business Plan Works For You Part 2

Mr. Canton sounds like he has a great opportunity for an Investor to make a lot of money in a business that has long term potential.

But this is only if he can find someone interested in investing in his business.

Unfortunately, Mr. Canton is very busy and although he has gathered his financials and a brief summary of his plans.

He feels that what he plans to do if he gets the money, is much too complicated to put on paper to begin with.

He also doesn't want anyone to steal his idea even though he is in business already.

Something many business owners and start up entrepreneurs believe to be true.

Thus far Mr. Canton believes he is making head way and getting the money he needs, should be very easy.

He has spoken with to several people who he feels are accredited meaning; They have or can get the money he needs pretty quickly.

He has also attended events and visited places like Scores in his local area.

He has not yet received any firm offer for the money he needs, nor did he find out anything he didn't know already.

The big question is, "Why isn't Mr. Canton getting the results he wants: Getting an Investor, just yet?”

In Part One we talked about Mr. Canton, his investment needs, what he has presented in his quest to get funded and how this has not been successful for him thus far

In Part 2 we are going to review some of the things Mr. Canton has done and the fact that he may be unknowingly sabotaging his own dream and plans for his growing business.

One of the first things of what I will call "a mistake" is not identifying what he really needs to tell an Investor or Funding Source on paper.

By just saying, "I need or don't really need a business plan."

Mr. Canton has not really explored what his needs actually are at all.

Because in the Planning and Business Development Industry there are not always enough qualified planners to go around.

The need to find out and explain exactly what you need, can be the hardest part in getting the planning services you may need to have. To actually get the capital you need to do anything in the first place.

Based on Mr. Canton not seeking or even believing he needs a comprehensive, in print explanation of his plans, he never found out how difficult this can be to achieve in some cases.

The things he says he’s going to do with the money.

If he would have looked for Business Planning Services, he might have become more discouraged finding out what was actually available to him in the market right now.

At a glance Mr. Canton needs a Business Planner or Consultant that has experience in creating packages for Business Development and Funded Expansion Plans

Mr. Canton would have needed only to have a series of meetings in person, over the phone or via email to find out what to do. He would have only needed to explained what his plans were and have a package created for him.

Based on Mr. Canton needing over a million dollars the price of a plan like that, is not at the low end of this type of service.

When Mr. Canton spoke to people he had a worthy investment but there was nothing to leave an impression about what his business's bottom line was or would be, once he got funded, if he got the money he needed. The fact that he didn't have a business plan considering he was in business already, might have sent red flags to many of the people he already spoke with.

Most people don't realize that even if you are in connection with the person that makes the decision about funding you, they need to have something concrete to show why they invested their money in the first place. A good business plan speaks miles for your investment opportunity even when you are not around!

Often what you present will be seen by many and discussed many times before anyone even considers giving you any money.

The fact that Mr. Canton was somewhat successful in business already but did not invest in a good in print presentation. Might have made just about everyone he talked to, listen but not really take Mr. Canton's potential business investment seriously.

After all he did not take it seriously by not having a good in print presentation to show his accredited interests, so he might not be serious and just likes to talk about his plans and ideas a lot.

The list could go on, but I think the understanding we wanted to get across is, "If you want a million or more dollars you better look like it and not just be a good talker."

As for Mr. Canton, He invested in a good business plan, got the money he needed and you may be wearing his companies shoes right now.

Liz

EMB FC Planning Services