Or…how having a great Business Plan can make or break your business!
Brian Mazar, CBI, MBA
What are they?
Who needs one?
Business Acquisition
Business Loan – operating capital, capital equipment
Bidding for new business
Refinancing of existing loan
You – know where you are going – make yearly adjustments
Sources of Loans – SBA, Commercial Loans, Investors, Partners, Family
Challenges in obtaining loans
Company A: Make top notch walking shoe, excellent people
Company B: Make bobble head dolls, excellent people
Company B gets funded while Company A does not. Why?
Can you really be a reliable supplier, if I really like what I see, you’ve got my business
How do customers make decisions? Corporate Example
Low Interest Rates – time to refinance and save money – not so fast
Refinance for a lower rate or longer terms
Change marches on – your goals stay the same - but in a dynamic world how you get there changes.
The story of the sailboat
Content and length ___________
Key Parts ____________________
All areas are important but the most critical are_______ and __________
Can I prepare my own business plan?
Who should prepare a business plan?
How much time should be invested in preparation?
What do decision makers look for?
How banks and investors make decisions?
What do the sales people say? “No problem. We can get you funded.”
What do underwriters say? – “Not so fast.”
Having an excellent Business Plan DOUBLES and even TRPLES your chances of obtaining funding.
Specializations in:
Mergers & Acquisitions (Sell & Buy Side)Business ValuationsGrowth and Exit PlanningBusiness Plans
Healthcare/Medical
505 3rd Street, Suite #301Louisville, KY 40202(502) 244-0480www.fortunebta.com
Top Related