Comments on: A business plan that will get you a loan http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/ Editors from FSB magazine answer your pressing small-business questions. Sat, 07 Nov 2009 04:49:19 +0000 http://wordpress.com/ hourly 1 By: Len Eichler, Rapid City, SD http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-588 Len Eichler, Rapid City, SD Sat, 03 May 2008 03:58:37 +0000 http://askfsb.blogs.fsb.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-588 Having done many business plans for startup companies, I find that the hardest part is estimating revenue stream. This is where good market research is valuable. If you have high levels of confidence in the revenue projections most everything else can be figured. Having done many business plans for startup companies, I find that the hardest part is estimating revenue stream. This is where good market research is valuable. If you have high levels of confidence in the revenue projections most everything else can be figured.

]]> By: G Erickson, St. Paul, DE http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-448 G Erickson, St. Paul, DE Mon, 03 Mar 2008 22:16:01 +0000 http://askfsb.blogs.fsb.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-448 In reponse to FSB 'a business plan that will get you a loan.' A well detailed business plan is critical to your success because you need to research your business; however, I have never had a deal financed because of one, having written several dozens and secured financing many many times. What gets financed is the face-time and rappoire with the lender. My biggest deal was a one page summary of an 80 page business plan that the lender with whom I had met with for only 10 minutes never even opened (I saw it on his desk in the sealed envelope I gave him some months after concluding the initial $500,000 financing.) In reponse to FSB 'a business plan that will get you a loan.'
A well detailed business plan is critical to your success because you need to research your business; however, I have never had a deal financed because of one, having written several dozens and secured financing many many times. What gets financed is the face-time and rappoire with the lender. My biggest deal was a one page summary of an 80 page business plan that the lender with whom I had met with for only 10 minutes never even opened (I saw it on his desk in the sealed envelope I gave him some months after concluding the initial $500,000 financing.)

]]> By: Paul Azous, New York, NY http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-420 Paul Azous, New York, NY Wed, 13 Feb 2008 22:37:46 +0000 http://askfsb.blogs.fsb.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-420 We thoroughly disagree with the content of this article, especially about the length of the business plan. We thoroughly disagree with the content of this article, especially about the length of the business plan.

]]> By: Javier, Reading, PA http://smallbusiness.blogs.cnnmoney.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-263 Javier, Reading, PA Sun, 23 Dec 2007 18:50:33 +0000 http://askfsb.blogs.fsb.cnn.com/2007/12/20/a-business-plan-that-will-get-you-a-loan/#comment-263 At the beginning, my business plan was poorly detailed. I started my business as a way to venture into a new field and at the same time, to complement our income. After I lost my day to day job, due to company bankrupt, the business plan became more elaborated for obvious reasons. Now, I needed to find a reliable way to support myself and my family while avoiding employment again, and that required a real business plan that would allow me to achieve those goals. The business plan wasn't nothing fancy, rather simple step by step list of what's needed to accomplish in order to reach the final objective. <a href="http://www.takeoffzone" rel="nofollow">workonline</a> At the beginning, my business plan was poorly detailed.

I started my business as a way to venture into a new field and at the same time, to complement our income.

After I lost my day to day job, due to company bankrupt, the business plan became more elaborated for obvious reasons.

Now, I needed to find a reliable way to support myself and my family while avoiding employment again, and that required a real business plan that would allow me to achieve those goals.

The business plan wasn't nothing fancy, rather simple step by step list of what's needed to accomplish in order to reach the final objective. workonline

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