November 17, 2008
I am in need of an angel financier/investor, what makes a good business plan?
I am in need of about $800,000 to launch a legit performing arts related project. How do I write the business plan and how do I find angels without having to go to pay websites to match me up with investors. (it seems all these sites want $ to find me an investor)
Follow these pointers
1. Investors want to know how big is your "Target Market". Because they only have 1 thing in mind Profit!
Reseach your target market and u should be able to tell how much to make in 1 year, 3 years and 5 years
2. How long is yr product development cycle.
3. What is your key differentiator against your competition?
4. Who are you competitors? and what is yr strategy to compete with them?
5. What is yr marketing strategy?
6. Manpower requirement to deliver your promises
7. Any listing opportunities?
8. What are the risk factors?
9. Financial reports Yr 1, Yr 3 amd Yr 5 projections
And also prepare an elevator pitch
- 5 minutes speech to make your investor excited
this is how i convinced my angel with my business plan
good luck
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