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It also lets your investors know you take their money seriously. You also need to seriously consider how the arrangement will be structured. Are you offering equity?

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Or will this be a loan? Perhaps most importantly, you need to emphasize the risk involved. Offer up a strong business plan, but remind them there is a good chance their money will be lost. It's better to mention that upfront to Aunt Gladys rather than over Thanksgiving dinner. Read more on raising money from family and friends.

The lack of a credit history, collateral or the inability to secure a loan through a bank doesn't mean no one will lend to you. Microloans are often so small that commercial banks can't be bothered lending the funds. Instead of a bank, you need to turn to a microlender. Microlenders offer smaller loan sizes, usually require less documentation than banks, and often apply more flexible underwriting criteria. There are a few hundred microlenders throughout the U.

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How to Write a Business Plan by Mike P. McKeever, Paperback | Barnes & NobleĀ®

A CPA or tax advisor can help you with tax strategies. Securities Laws If you plan to raise money by selling shares in a corporation or limited partnership, you'll fall under state or federal securities regulations. You can, however, borrow money or take in a general partner without being affected by securities laws. A complete discussion of these issues is beyond the scope of this book. For now, take note that you must comply with securities regulations after you complete your plan and before you take any money into your business from selling shares or partnership interests. Your Management Skill This book shows you how to write a very good business plan and loan application.

However, your ultimate success rests on your ability to implement your plans -- on your management skills. If you have any doubts about your management ability, check out the resources in Chapter Also see Chapter 11 for a thought-stimulating discussion of management. Issues Specific to Your Business How successfully your business relates to the market, the business environment, and the competition may be affected by patents, franchises, foreign competition, location, and the like. Of necessity, this book focuses on principles common to all businesses and does not discuss the specific items that distinguish your business from other businesses.

For example, this book doesn't discuss how to price your products to meet your competition; I assume that you have enough knowledge about your chosen business to answer that question. Benefits of Writing a Business Plan 2. Choosing the Right Business 4. Your Resume and Financial Statement 6.

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Your Profit and Loss Forecast 7. Write Your Marketing and Personnel Plans 9. Editing and Finalizing Your Business Plan Selling Your Business Plan Good Resources for Small Businesses Business Plans for Nonprofits Appendixes A. Business Plan for a Manufacturing Business C. Business Plan for Project Development D. See All Customer Reviews. Shop Books.

2. Analyze your industry

Read an excerpt of this book! Add to Wishlist. USD Sign in to Purchase Instantly. Overview Step-by-step advice on preparing a business plan You need a sound business plan to start a business or raise money to expand an existing one. About the Author Mike P. Show More. Table of Contents 1.

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How to write a business plan (template): 10 steps, 5 tips, and examples to guide you

A perfect guide for entrepreneursWhether you just want an overview of the business buying process View Product. Avoid legal problems and run a productive workplace with an up-to-date employee handbook! Anyone who Anyone who hires and supervises employees needs clear policies when it comes to crucial issues like pay and overtime, medical leave, and social media.

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