How do you orally present a business plan to a bank
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How do you orally present a business plan to a bank

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    How do you orally present a business plan to a bank How do you orally present a business plan to a bank Presentation Transcript

    • How do you orally present a business plan to a bank?
      Presented by:
      Roman Kuvshinnikov
    • Aims and objectives:
      Aims:
      To show main features of presenting a BP to a bank
      To distinguish the key points of a BP that are important to a bank
      To explain how to present your BP at your appointment in a bank
      Objectives:
      The basic content of BP presentation to a bank and the main factors that affects bank decision
      The oral presentation of BP to a bank
    • Table of content:
      What is the purpose of taking a loan from a bank?
      How does the bank evaluate your company?
      What does the bank need to see in your BP?
      How to make an appointment for your presentation?
      How to prepare your oral presentation?
      What are the keys to success of your presentation?
      What do you need to be ready for at your presentation?
      References
    • What is the purpose of taking a loan from a bank ?
      To start a new business
      To invest money in the assets
      To pay off old debts
      To pay for operating expenses
    • How does the bank evaluate your company?
      Current sales and profits
      Current loans and mortgages
      Credit history
      Marketing strategy
      Invested money
      Assets for collateral
    • What does the bank need to see in your BP?
      How much money do you exactlyneed
      When are you going to pay back
      How are you going to use the money
      How and whytaking a loan will improveyour business
      Whatare you going to use as collateral and why it will not loose its value
      How you can prove the statistics given in the BP
    • How to submit for appointment?
      Make an appointment by phone or by letter
      Ask for the name of the person who would handle your loan request
      Write an introductory letter at least seven days before your meeting
      Try to personalize your BP (at least the front page)
    • How to prepare your oral presentation?
      Make a list of the key points you’re going to talk about
      Choose the main spokesperson
      Practice alone and with observers
    • What are the keys to success of your presentation?
      The presentation should be between 10 and 30 minutes
      Keep your presentation simple and interesting
      The oral presentation should be combined with slideshow
      Illustrate your plan with charts and numbers
      Give itemized account information
    • What do you have to be ready for at your presentation?
      Questions you have never thought about
      Criticism on your BP
    • What is also very important for successful meeting?
      Dress professionally
      Be punctual
    • Good luck!
    • Thank you for your attention!
      Roman Kuvshinnikov
    • References:
      Preparing to Take a Business Plan to the Bank
      By Rod Kurtz, January 1, 2006
      http://www.businessweek.com/smallbiz/tips/archives/2006/01/preparing_to_take_a_business_plan_to_the_bank.html
      Getting a Bank Loan
      http://www.businesstown.com/planning/creating-bank.asp
      Last viewed on 25.10.2010
      How to Present a Business Plan to a Bank
      By John Hewitt, eHowContributor, updated: December 30, 2009http://www.ehow.com/how_5808789_present-business-plan-bank.html
      How to Write a Business Plan to Present to a BankBy DevraGartenstein, eHowContributor, updated: December 24, 2009
      http://www.ehow.com/how_5791284_write-business-plan-present-bank.html
      Thinking of Getting a Bank Loan? Do Your Homework First!By George Rodriguez Power Homebiz Guides Staff Write, last viewed on 25.10.2010
      http://www.powerhomebiz.com/vol21/bankloan.htm
    • References:
      Presenting Your Plan
      Last viewed on 25.10.2010
      http://www.howtobooks.co.uk/business/business-plan/presenting.asp