What to Include in Your Business Plan to ensure a Business Angel Investment

<h1>What to Include in Your Business Plan to ensure a Business Angel Investment</h1>Author: <a title="Entrepreneur Investor Network" href="http://www.articlesbase.com/authors/entrepreneur-investor-network/156688.htm">Entrepreneur Investor Network</a> If you are looking for a business angel investment, there are certain criteria and guidelines that they will look at very closely. One of those criteria is your business plan. If your plan is not complete, and does not contain the key components they are looking for, your chances of attracting an investor are low. So, what does your <a href="http://www.entrepreneurinvestornetwork.com.au/subscribe/">business plan</a> need to have in order to ensure you have the best chance possible of attracting an investor? There are several categories: <ul> <li> An executive summary – this is usually a one page outline that summarizes your business, your product or service and your objectives. </li> <li> Information about you – your potential investor is going to want to know who you are, where you’re from, why you started your business. </li> <li> Your product or service – detail your product or service; what makes it marketable? What makes it better than the competition? Does it have growth potential? </li> <li> Finances – This section is the most detailed and will be carefully scrutinized by your potential investor. Include income and expense sheets, marketing and advertising expenses, utilities, rent, salaries, etc. </li> <li> Marketing – How are you going to market your product or service? Are you going to design brochures, business cards, postcards? How are you going to get the word out about your business? People can’t buy from you if they don’t know you exist. </li> <li> Mission statement – Every business should have a meaningful mission statement. One or two sentences are usually sufficient. </li> <li> Skills and experience - What skills and experience do you have? Do you have a business degree? Have you owned a business before? What special value do you bring to the partnership? </li> <li> Organization Chart – Outline all the company’s positions and what salaries you’ll be expected to pay. </li> <li> Goals – List your goals for the company. Where do you want to be in 1 year, 5 years, 10 years? What year do you see your company making a profit? </li> <li> Projections – This goes along with your goals. You should have income and expense projections for at least the next 5 years. </li> </ul> Once you have a complete business plan, present it as professionally as possible. This will instill confidence in your business angel that you are committed to your business and to achieving your goals.About the Author: One of the best websites in this regard is <a href="http://www.entrepreneurinvestornetwork.com.au/">entrepreneurinvestornetwork.com.au</a>, which aims at uniting angel investors looking for business investments in Australia with budding entrepreneurs in the country.Log on to the website today. You will not be disappointed.Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/entrepreneurship-articles/what-to-include-in-your-business-plan-to-ensure-a-business-angel-investment-922699.html" title="What to Include in Your Business Plan to ensure a Business Angel Investment">What to Include in Your Business Plan to ensure a Business Angel Investment</a>

If you are looking for a business angel investment, there are certain criteria and guidelines that they will look at very closely. One of those criteria is your business plan. If your plan is not complete, and does not contain the key components they are looking for, your chances of attracting an investor are low.

So, what does your business plan need to have in order to ensure you have the best chance possible of attracting an investor? There are several categories:

An executive summary – this is usually a one page outline that summarizes your business, your product or service and your objectives.
Information about you – your potential investor is going to want to know who you are, where you’re from, why you started your business.
Your product or service – detail your product or service; what makes it marketable? What makes it better than the competition? Does it have growth potential?
Finances – This section is the most detailed and will be carefully scrutinized by your potential investor. Include income and expense sheets, marketing and advertising expenses, utilities, rent, salaries, etc.
Marketing – How are you going to market your product or service? Are you going to design brochures, business cards, postcards? How are you going to get the word out about your business? People can’t buy from you if they don’t know you exist.
Mission statement – Every business should have a meaningful mission statement. One or two sentences are usually sufficient.
Skills and experience - What skills and experience do you have? Do you have a business degree? Have you owned a business before? What special value do you bring to the partnership?
Organization Chart – Outline all the company’s positions and what salaries you’ll be expected to pay.
Goals – List your goals for the company. Where do you want to be in 1 year, 5 years, 10 years? What year do you see your company making a profit?
Projections – This goes along with your goals. You should have income and expense projections for at least the next 5 years.

Once you have a complete business plan, present it as professionally as possible. This will instill confidence in your business angel that you are committed to your business and to achieving your goals.

One of the best websites in this regard is entrepreneurinvestornetwork.com.au, which aims at uniting angel investors looking for business investments in Australia with budding entrepreneurs in the country.Log on to the website today. You will not be disappointed.

Rate this Article:

0 / 5 stars - 0 vote(s)

Re-Publish

Article Source: http://www.articlesbase.com/entrepreneurship-articles/what-to-include-in-your-business-plan-to-ensure-a-business-angel-investment-922699.html

Article Tags: New Business Loan, Business Start Up, Business Plan, Business Planning, Business Plans, Raise Money, Stock Market Training, Find Investors, Stock Market School, Stock Market Seminars, Venture Capital Directory, Investor Business

Related Videos
Related Articles
Ask / Related Q&A

Play

Learn About Combining a Business Plan and A Marketing Plan

Play

Small Business Advice - Analysis Team for Your Business Plan

Play

How to Get Started On Your Business Plan

Play

Small Business Stories - Palo Alto Software

Play

How to write a business plan

Latest Entrepreneurship Articles
More from Entrepreneur Investor Network

DirectBuys of greater Chicago offer green Christmas tips

By: Joe D'eramo | 01/12/2009
Bing Crosby had a white one. Elvis was blue. And while a “green” Christmas might not translate into song lyrics as well as those other colors, celebrating the holiday season in a greener, more environmentally friendly way is certainly desirable. As the leading home improvement and furnishing club, DirectBuy, with several locations in greater Chicago, has some helpful tips on planning greener holiday celebrations.

Brand marketing strategy and more new business

By: Todd Cremeans | 30/11/2009
Learn about a little known brand marketing strategy for attracting more new business without spending a ton of money.

Start Your Own Clothing Store : Business Start up Guide

By: John Hughes | 30/11/2009
Want to start your own clothing store? Fashion is one of the words of the day. Everywhere you look, everyone is looking for the right pair of clothing to wear. Our society has come up with so many different types of items, that we have now even specialized them into categories, such as evening wear, office wear, and casual wear.

Trading Places

By: Jamie Lyons | 30/11/2009
Steve Smith and Fran Cotton will be names evocative of a golden age of rugby to longstanding fans, having both captained England in the 1970's and 80's, both men have earned their places in the history books of the great game. During their fruitful partnerships with Sale, England and the British Lions, the pair experienced a great level of success on the field, but nobody could have predicted just how successful they were to be off the field.

Home Craft Business : Business Start up Guide

By: John Hughes | 30/11/2009
Are you the type of person that spends all of your free time working on a craft? Maybe it is something like knitting or quilting, or something more simplistic, like putting together Popsicle sticks to make the figure of an animal. No matter what your secret passion is with crafts, there are ways to turn your part time hobby into your full time business!

Giveaways Business : Business Start up Guide

By: John Hughes | 30/11/2009
Are you the type of person that likes to give gifts as well as receive them? Maybe when the holidays come around, you spend hours putting together the perfect materials for a good friend or for family. If you enjoy doing this during the holidays and for special events, why not turn it into a business? There are plenty of customers that are waiting to find that perfect specialized gift for their friends and family as well.

Network Marketing Website - How To Make Your MLM Website Successful

By: Dean Caporella | 30/11/2009
The secret to making your network marketing website successful lies in the content you're putting out to your prospects.

Your Business - collaboration or competition ? you choose

By: Siddhartha Bhattacharjee | 30/11/2009
As recession ebbs out business will be reset once more. Survivability will depend on speed to convert ideas into action on what customers like. Can you create a gap between you and your best competitor. Will you have a better share from customers preference. With wavering expectations and an uncertain path , the only way to mitigate some risk is do what the world has been doing right - collaborate to compete.

YOU KNOW YOU’RE AN ENTREPRENEUR WHEN..

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
You’re constantly trying to think up new ways to be successful, or new business ideas to try out. You’re not happy just getting on with things; you aim for the top and won’t stop until you get there!

WHY IS INVESTMENT SO IMPORTANT?

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
Investment gives your business essential the capital that it needs to get off the ground (if you’re a start-up) or to get to the next level (if you’re more established). It can mean the difference between success and failure, or between reaching your full potential and only getting partly close to it.

WHY ARE BUSINESS PLANS SO IMPORTANT?

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
A business plan in not just an overview of your business and what it does; it’s a clear strategy of where your business is going and how you intend to get it there. Without these steps being in place, it will be a lot harder for you to succeed.

Why You Should Consider Partnering With a Business Angel

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
Starting your own business can be the most exciting time of your life; it can also be the most frightening. How do you know if you’re doing the right thing? How can you insure success?

Why Would a Business Angel Want to Invest With Me?

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
There are many reasons a business angel, or private investor, chooses to do invest in other businesses. Here are some key reasons a business angel would choose you as their next investment.

Why Should I Enlist the Help of a Private Investor?

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
Entrepreneurs are a unique breed of people. We think we can, and should, work on all aspects of our business by ourselves; it’s our business after all and only we can ensure its success – or can we?

Why Having a Business Plan is Imperative if You Want Start-Up Capital

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
If you are hoping to attract a business angel or private investor to your business, the importance of having a business plan can’t be overstated. It is a critical component and an investor will go through it thoroughly to ensure it meets their needs.

Why Every Start-up Business Should Have a Business Angel

By: Entrepreneur Investor Network | 18/05/2009 | Entrepreneurship
Have you been thinking of starting your own business, or have already started one? Are you starting to feel overwhelmed at the prospect of starting, running, and maintaining your business, while trying to make a profit at the same time? Are you afraid you’re business won’t make it past the first 5 years?