Tim Berry is the best business
planner and he has written several books on the subject. He has a Stanford MBAdegree, MA in Journalism from the University of Oregon and BA from Notre Damein Literature. He is founder and chairperson of the Palo Alto Software and
founder of the website bplans.com, a website dedicated to the helping people on
their business plans. Tim is also an angel investor that read many submissions
sent.
In Tim’s Huffington Post article,
he says that, “I didn’t read the business plans, just the summaries.” When his
fellow angel investors have a lot of submission to read they go through the
summary first. The first thing they look for is the background of the
management team. They want to make sure they can trust the team with the money
they are investing because they want to ensure they gain it back. They are more
likely to invest in businesses that have people with knowledge and experience
on start-up companies. Tim looks for signs of potential high market growth
because he wants businesses that can double every year.
Jim Blasingame is one of theexperts on small businesses and he is the founder of Small Business Network,Inc. Jim has a radio show that discusses
small business plans and appeals towards the small business community. He also
has published multiple books and Google has him ranked as the #1 small business
expert. One of the key takeaways from Jim is to evaluate opportunities andchallenges and compare them with the company’s strengths and weaknesses. The investors want to see what they are investing and what the risks are.
There were
multiple recommendations from both Tim Berry and Jim Blasingame that are
essential for my business plan. The best suggestion was from Tim Berry and when
he wrote his article about not having enough time to read all the business
plans. Therefore, they read the summary of the company and research whom is on
the management team. Ideally, not every investor is going to have time to go
through all the business plans sent to him or her so I have to ensure that my
business plan summary is excellent and all my numbers are accurate.
