Michigan Investment Network

Business Plan Tips

What Investors Are Looking For In A Plan

Investors, whether angels or VC's, are looking for the same things when reading a business plan. They want to know how big the opportunity is, whether this is the right team to exploit the opportunity, who the competition is, what the risks are, and why they can expect this team to implement successfully. Your job in writing the business plan is to address these questions convincingly and clearly.

Emphasize Your Real Strengths

Highlight what your team brings to the table. If your business hinges on a particular competency (for example, understanding the procurement process), your plan will be more persuasive if one of your team members knows something about it and that is brought out in your plan. Rather than including generic resumes of team members, tailor the resumes to draw out the experience each member has that will make him or her a valuable contributor.

Get To The Point And Make It Clear And Comprehensive

Investors see many business plans. A 20-page plan which clearly lays out your business is far more likely to be read than a 100 page plan. Today, some entrepreneurs are using a 15 slide Powerpoint presentation. If your text is short and punchy, you won't need to repeat yourself, because the reader won't be bogged down keeping ten chapters in their head. Reading the same thing over and over, even if it's in different words, can get really tiring. The more you use brevity and give each concept a single home in your document, the more people will want to read it.

Write In Plain English

If you can't explain your idea in English, either you don't understand what you're talking about (What is a transaction enabled atomic journaling database server, anyway?) or you haven't simplified the idea enough. Think, revise, and try again.

Get Rid Of The Hype

Yes, we know you will be the "premier insert product category here of the Internet, achieving 99% market penetration with 60% customer retention in 3 months". Your product will reach "new heights in customer experience through the use of personalization and one-to-one profiling and customization". It will be "user friendly" because you will be creating a truly "ecstatic customer experience". It is a "quantum leap forward" in the marketplace for product category here. Um, yeah. Believe me, we've read it before. About a dozen times today, in fact. (And by the way, the phrase "quantum leap" really doesn't mean anything.) Stick to a tight, simple explanation of your idea. Convince your reader you'll be the best because your idea is the best, not because you can string a dozen buzzwords together.

Use Quantifiable Information

In each section, back up your assertions with solid facts. Even if you are a new venture and cannot give specific figures on the performance of your business, quote figures for the industry or your competitors. These real figures carry more weight than your assumed projections and give more reality to your plan.

Choose A Huge Market

Especially in the internet world, investors are looking more at the market than at the detailed specifics of your financials. Choose a market that is big enough to be an obvious good opportunity. A business which targets teenage girls who listen to music and has a reasonable chance of capturing 90% of the girls that are online is a huge opportunity. A business which targets net-savvy SAAB mechanics who need prosthetic limbs is not.

Michigan Investors

United States > Michigan

Private equity consultant passionate about entrepreneurship. Would love to invest in the right company/entrepreneur.

$10,000 to $50,000

United States > Michigan

I am 52, married (24 years), 2 sons 22/17 yo, live in Southeast MI area. Director of Business Development for a regulatory compliance consulting company for the pharmaceutical medical device and biologics industry. 25+ years of successful business ownership operations sales marketing and business development. 2 advanced degrees in life sciences. Can be hands on or silent partner/investor depending on situation. Individual investor with others interested. Specifically interested in the medical marijuana industries i.e. grows, processors, dispensaries must have current license with a municipality and have application in process for State of Michigan. Must be working with an attorney with MMJ experience. Must have a location secured. Documented MMJ experience required i.e. caregiver, dispensary owner or other MMJ experience.

$25,000 to $200,000

United States > Michigan

My husband and I are in our mid 30s we are looking for an investment so he can run the company/business. I work for GM so I am secure in my role but want to have a business investment of our own.

$0 to $500,000

United States > Michigan

Offering more than twenty years’ of leadership and business development experience, my expertise lies in creating start-up companies and consistently steering them to achieve year-on-year growth. Success in this regard has relied on an ability to define strategic vision and set the organizational tone, prioritizing a culture of excellence. Underpinning my skills as a strategist is exhaustive experience of “getting the show on the road”: creating structures, managing all aspects of organizational activity and enhancing efficiency and effectiveness. My consultancy firm and its subsidiaries specialized in robotics simulation, process development, integration services, and staffing solutions, and I currently hold six patents relating to the calibration of offline programs with industrial robots.

$5,000 to $100,000

United States > Michigan

25 year old single guy in Rochester, MI. I work as an engineering specialist at Eaton and will be an MBA grad from Indiana University in the next few years. I already have a Bachelors and Masters degrees in Aerospace Engineering. I've been investing in out-of-country real estate and in-country stock market for the most part. I've got a good network of techies that can help digitalize any industry. I've also got a few close friends who would be interested in a joint investment with me, given that the idea is solid.

$0 to $25,000

United States > Michigan

We offer emerging growth companies or small and medium size enterprises (“SME’s”) proprietary capitalization advisory services in the form of a License Agreement which provides SME’s a turn-key solution to proactively and successfully complete a private placement of securities and acquire investors for their own enterprise. The license allows those SME’s to offer their investors a principal protected unit with flexible liquidity options that mitigate their downside risk. We also acquire controlling interest in public companies with the objective of restructuring them to merge with private companies who are seeking to go public. We also acquire controlling interests in private companies with the intent of expanding them with blue chip management teams and synergistic rollup acquisitions.

$10,000 to $1,000,000

United States > Michigan

27 years old. Male. Bachelors in Finance. Institutional investment experience - have assisted in investing over $5 billion dollars on behalf of pensions and other investment institutions. Spent several years at investment companies with values in excess of $30 billion dollars - specialties include private equity, venture capital, private real estate, and private credit investments. Experienced in deep financial, fundamental, and technical analysis of investment opportunities. Have experience starting a business services company from scratch that has generated over $350k in annual revenue in the first 10 months of business. Prior institutional investor, no investment license currently active. Anticipated Involvement: Silent investor that requires frequent business updates.

$20,000 to $100,000

United States > Michigan

Currently working in healthcare and real estate. Looking to be either active or silent.

$1,000 to $50,000