Business planning · Fundraising

Preparing a Great Business Plan?

Zainul Tinwala CEO at H T Impex.

August 20th, 2016

I have an idea and have done some research and number crunching on it. Now I need to prepare a great business plan which I can take to potential investors. Have checked out many Business plan software sites and also freelance peopleperhour etc. But Im confused how to identify a correct person to help me prepare the pitch. I have all the data and numbers just need to put them in a proper manner and also maybe some points I may miss out on otherwise.

Bill Warner Executive Director, EntreDot

August 20th, 2016

You should do the plan, but for your pitch, definitely get help from people who know how to present to investors. You can contact me if you would like some assistance on that. You can contact me on LinkedIn if you would like some guidance. 

Steven Krane Entrepreneur & Investor

August 20th, 2016

Hi - I have started 8 companies and raised millions of dollars. No one should do the business plan other than you.

Martin Omansky Independent Venture Capital & Private Equity Professional

August 21st, 2016

I have written and/or evaluated thousands of business plans as an entrepreneur, investment banker, fund manager, and business plan competition judge. My conclusions are: (1) business plans are first and foremost, internal documents - written by the principals and advisors to model and then operate their ventures; (2) clear writing is a reflection of clear thinking; (3) when business plans are shown to potential investors, they must be concise, and they must contain information relevant to the investor audience (a d in the format and language that investors understand. The biggest mistake entrepreneurs make is that they tend to accentuate the product idea and trivialize the business fundamentals. Sent from my iPhone

Massimiliano Cattarello Manager at KPMG AG, Berlin

February 14th, 2017

In my expecience as consultant and as auditor I think that the best way to prepare an effective BP is using MS excel and powerpoint. In a business plan is very important the manner how you present the figures and strategy but in my experience the most important part are the underlying assumptions that have to be shown properly and needs a satisfactory explanation. Hope this helps.


David Fadayomi Strategy & Planning | MobBrains Consulting Group

August 20th, 2016

My suggestion is to ignore the typical 'business plan' approach and start with the Business Model Canvas, in my opinion this helps you to focus on key areas of your idea & unearth your value proposition. When you say "research", does it involve customer interviews/development? If not, that's another area that will help refine your idea & validate all those assumptions. Be sure to check out Justin Wilcox for more information. Good luck! Sent from my iPhone

Pete Fry Founder, START LLC | Business Planning | Startups | Strategy

August 20th, 2016

As the founder it's important the plan is your plan so it's a good idea if you write at least the first draft - if not the whole thing. The software and articles you can google will give you an idea of the structure you'll need. For the first draft I would not worry about perfect grammar or flow - just get your ideas down. Some of the key ideas will be in your financial projections/model and assumptions - even though most people recognize these contain a lot of guesswork it's important to be able to demonstrate to potential investors how things might work out in their favour. Different investors have different requirements for pitch/plan/model. Some are OK with just a slide deck. Some are happy with a 4 page summary - some prefer a longer plan - if only to demonstrate that the founder has thought things through - probably a maximum of 18 pages though - if you need more then use appendices/exhibits for the extra information. If you need help with pitching/writing/editing the plan find someone with relevant experience and get references. Good luck with your business! Pete

Burke Franklin

August 20th, 2016

Take a look at the BizPlanBuilder business planning software from Business Power Tools. It's designed to enable you to write your business plan yourself. It's also collaborate in the cloud -- any of these guys on here can log in to assist you.

Martin Omansky Independent Venture Capital & Private Equity Professional

August 20th, 2016

My angel group sometimes asks me to help entrepreneurs prepare business plans at no cost to the entrepreneur. If you are in my area, I might be able to help. Where are you, and what is your venture all a out. You can contact me directly at crucibleadvisorsatgmaildotcom. Sent from my iPhone

Nawaz Ahmed Founder CEO 5n Business Consultants

August 20th, 2016

Dear zainul Just sharing professional business plan format which is being used four investors from USA to Sydney Click Regards Nawaz

Joseph Wang Chief Science Officer at Bitquant Research Laboratories

August 20th, 2016

This may be location dependent, but here in Hong Kong, preparing a business plan is useless if you are raising less than USD 5 million from angel investors (and note that angels and VC's are very different). You do a pitch deck and a 1-2 page teaser, and if someone is interested then you talk with them about business plans. Elaborate business plans are a waste of time for everyone. An angel investor is not going to want to read a stack of business plans. They want to hear a five minute pitch and if they like you, then you start talking about the details of the business. On your side, if you are spending most of your time planning and not enough time doing, then there is a problem.

Usually you can get help in creating the pitch from a local angel network. Often the network that you are pitching to will help you create the pitch. The reason people do this is that it saves time for everyone involved. For example, you'd be amazed at the number of pitches that I've seen that don't answer the question "how much money do you need?" There are some standard problems with pitches, and most of those can be resolved with a one hour conversation.

Here is the standard template that people use in HK

The standard template is intentionally designed so that you can write the pitch by yourself in a relatively short period of time.