Summarizing for a Lending Institution

At this point in the start-up process, it is time to present your idea to funding sources. Suppose you go to a bank for funds. Normally, the lending officer will give you 10–15 minutes to present your business idea. If the idea is of interest, the lending officer will give you a list of items he or she would like to see in a formal business plan. Your business plan should be in the form of a written document consisting of not more than 3 pages. It should have a short, crisp introductory paragraph written in bullet points and should be devoid of long-winded paragraphs. A few sentences under each topic heading will either catch the lending officer’s attention or not. Keep in mind the lending officer’s time is valuable, and you need to make the plan easy to read, understandable, and concise.

Name your business plan: W6_A2_Business_Plan.doc. (This will be 3 pages)

Once your business plan is approved, you will be asked to prepare your presentation. For this purpose, you should be taking your work from Weeks 1–5 and combining it all into your final presentation. Your presentation should contain the following topics in the order presented:

• Starting the business
  • Thought about an idea
  • Determined your exit strategy from your present employer
  • Identified the entity type for your business
  • Described the management style
• Selecting the team
  • Interviewed an attorney, manager, and employees from a similar business
• Creating contracts and leases
  • Determined the types of contracts (if any) needed
  • Determined if any license is needed
  • Determined types of leases
  • Determined types of liability insurance
• Funding the business
  • Identified the funding option for your business
  • Estimated the capital amount required for the business
  • Determined the source has enough funds
  • Determined the requirements to be fulfilled in case you approach an angel investor, sell stock, or enter a partnership
• Selling the business
  • Reviewed the different valuation methods and selected the best choice
  • Analyzed if any professionals are used
  • Determined the valuation method for your tangible and intangible assets

In addition, make sure that the presentation flows together with a brief introduction and a conclusion that ties everything together. Structure the slides in the same format as a formal presentation. The slides should include relevant information (not found on each slide) in the Notes section.

Submit your 3-page business plan and 18- to 20-slide Microsoft PowerPoint

Key Areas of Concern

–  All of this must be original work.

– Suspense must be met

– No plagiarism

– Pay close attention to the instructions above and do not compensate subject matter with a bunch of spacing please.

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