I have looked over a number of different experts in this field and the two experts that I have really taken a liking too are Angelo Meneguzzi and Chuck Blakeman. Both very smart men at business development, leadership, and strategic planning. Chuck Blakeman is an author and business mentor, and from what I have read has a different way of viewing things when it comes to business. Chuck Blakeman makes it clear that writing a business plan is a waste of time and it can be time spent working on the business itself. Angelo Meneguzzi is another great resource when it comes to business planning. Angelo has an extensive marketing background and focuses on the importance of business development and PR. Both experts are very similar and yet have different views on business planning and what it means to build a strong business.
There are many key components that investors look at when looking at a plan two big ones are financial performance and background in the particular industry. I believe this stand out most because in my experience investors always want to see the financial projections sheets, and see how much experience I have in the industry to make the project work.
For my particular business plan I focus a lot of my proposal on the business financial projections. From what I have understood from reading Chuck and Angelo you need to know the numbers and prove to investors that your company has excellent financial performance. In my opinion this is very important. Knowing your Profits and Losses are important when pitching to investors. This to me is a major key factor when it comes to the pitch of your proposal or even a presentation of the future of your company. Investors always want to see the numbers, and what the earning potential is for them.
