Tuesday, September 6, 2011

Finance for small businesses

No matter who you are going to approach to finance anything in your business the following will allways be the minimum any investor will want to know about the business : Yes anyone giving or lending you money is an investor in the business and in you.

1. Who are you?
2. What does your business do?
3. Is your business going to make money ?
4. Will you be able to pay them back?
5. Do you have a unique selling feature ?
6. Is your business sustainable?
7. Do you have the necessary business acumen to succeed?
8. Do you have the necessary technical expertise ?
9. Does the market like your product?
10. Is the product range sustainable ?
11. How is the investor’s money secured ?
12. Do you have a written plan ?

These are the basics and the answers are all found in number 12 : The business plan. Oh yes and you cannot answer these questions with a yes or a no. You need to explain them. And not in 200 pages. A good businessplan is rarely longer than 20 to 30 pages including the cash flow projections which should include a projected income statement and balance sheet. Asking your auditor to do this for you is probably going to cost you more than asking me to do the whole plan

Anyone can draft a business plan - Not everyone will read yours

Why ? Because they can see in your executive summary whether you know what you are doing and where you are going. It is like writing an essay: you have all the facts – you are just not presenting them in an acceptable manner. You need coaching and that is what I do.

Why would you use me ? I have a track record with financial institutions for writing plans that get funding. I have spent 35 years in banking of which around 20 was in commercial finance. I have run my own businesses succesful for the past 11 years. And I do not charge an arm and a leg.

My fees are :
1. R 8000 for the whole plan, including the cash flow projections and projected
balance sheet and income statement.
2. R 1000 for an initial interview to determine whether your project is fundable and executable. Normally we do a basic cashflow projection during this interview.
This fee is deducted from the plan fee should you require me to do the plan.

johnbrandow@p2b.co.za

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The gate is wide open go and get that business

The gate is wide open go and get that business

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