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

I have over 20 years experience as an entrepreneur. I sold my first company to a national organization and have been operating my current company since 2005 in the healthcare space.

$10,000 to $100,000

United States > Michigan

We are a specialized trade, consulting and private equity investment firm with a background in private international banking. We have assembled a team of expert lending facilities, private investors, financial instrument facilities, equity groups, corporate bond structure and risk management specialists with extensive experience in assisting domestic and international companies secure pre and post trade finance, commodities of all types, obtain mezzanine debt, private equity, and asset based business loans of almost any size. We use a range of financial and risk mitigation solutions to help meet your exact requirements including: Procurement Finance Order Finance Receivables discounting, as part of an overall solution Letters of Credit confirmations Commodity Finance Import finance facilities Guarantees and Standby Letters of Credit Capital Goods Finance and Leasing Credit Insurance Finance for import duties, VAT & Logistics

$10,000 to $1,000,000,000

United States > Michigan

I'm interested primarily in the medical marijuana field. I would prefer to keep my investment within the state.

$1 to $30,000

United States > Michigan

We are Two Married CPA's.

$1 to $200,000

United States > Michigan

I am 52, married and live in Oxford, Mi. I am a business consultant and invest in small startup company’s. I am currently involved in an environmental service-based startup (hands-on & advisory role) based in Holland, Mi which will service the surrounding county’s. I can offer business advice, business set up and business financial needs. My experience and expertise is in service type related businesses. I recently sold my mobile maintenance company to a National Maintenance Provider. The company provides mobile maintenance and inspection services to the transportation industry. I started the company and grew it to nearly 50 service trucks and serviced multiple states. I am an Individual investor and available for a hands-on, advisory role. I am motivated, high-energy, easy to work with and eager to invest and assist in service-based startups.

$5,000 to $300,000

United States > Michigan

I am young individual investor with experience in the financial industry that is willing to put up to $20,000 into a business that shows a lot of potential. I am interested in the medicinal marijuana industry or in real estate, specifically vacation rental properties. I would also prefer to be a silent partner, but wound not be opposed to an advisory role.

$1,000 to $20,000

United States > Michigan

Shalom, I have designed various Energy Saving homes in my career. I am looking to purchase new Real-Estate across the US and fix them up to the updated Green Standards I have been doing for the last 15 years. Not only am I looking for Real-Estate deals, but I am also interested in helping a fellow comrade start their business. Open to loans as long as I receive a high return. Mostly looking for short term deals simply because I am retired! I will be messaging users if I feel I am wanting to get involved.

$500,000 to $1,000,000

United States > Michigan

Young aggressive physician looking to invest and build further. Plenty of medical experience, but would like to link with developers in real estate and home flipping projects.

$10,000 to $100,000