You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Slide 1: You Don’t Get $1M in Revenue or Funding with a Half-Assed Business Plan 20 Minutes To Change the Way You Write Business Plans Forever

Slide 2: News Flash: You’re starting a business; you don’t need a 20 page business plan, You need money.

Slide 3: Best way to get money?

Slide 4: Get a frigging job!

Slide 5: But, you don’t want a job. You want to be an entrepreneur, and create your own job.

Slide 6: Congratulations. You just signed yourself up for the worst job on the planet, and the hardest way to get money.

Slide 7: Entrepreneur Job Description: No pay. No benefits. Long hours. Very little sleep. Tons of problems. It’s a real stress-fest.

Slide 8: Enough with the depressing comments— let’s get back to business plans.

Slide 9: So– you don’t need a business plan, you need money.

Slide 10: Best way for an entrepreneur to get money?

Slide 11: Put a team together to: solve a problem tell & sell products/services to troubled people with money willing to buy your solution & keep paying your bills until everyone can cash out. Lather, rinse, repeat.

Slide 12: Should be easy enough– let’s get started! But first, a few questions:

Slide 13: Who’s on your team? What problem do you solve? How will you market to X people and how many people will buy this year? What are your products/services? Who is troubled & how much $ do they have? What other similar products are available? How much $ do you need to start & run? How much cash will you have in 3 years?

Slide 14: Welcome to being an entrepreneur; Welcome to being asked detailed questions about your business 24/7.

Slide 15: Family/ Friends Founders/ Investors Employees Lenders Partners Customers Service Providers Clients/Users

Slide 16: Why don’t you just get a real job? How will you pay me? When will I get my money back? How can we work together? Why should I buy this?

Slide 17: It gets worse.

Slide 18: Family/Friends Questions

Slide 19: Co-founder/Employee Questions

Slide 20: Partner Questions

Slide 21: Customer Questions

Slide 22: Investor Questions

Slide 23: More Investor Questions

Slide 24: News Flash: If you don’t have answers to detailed questions, you risk coming across a bit half-assed.

Slide 25: Most people don’t want to: buy from, lend to, invest in, work for stay married to, partner with, or help out a half-assed entrepreneur; it’s just too stressful.

Slide 26: News Flash: You don’t need money to start a business, you need answers— You need a business plan.

Slide 27: You’ve got 168 hours a week— Why not crank out a business plan in 20 hours, & use another 20 hours to make it better? 40 hours of college paper writing will separate you from most other entrepreneurs starting a business.

Slide 28: First 20 Hours: 5 Hours: Answer questions. 5 Hours: Talk to people & find stats. 5 Hours: Crank out spreadsheets . (no more than $1M first year) 5 Hours: Crank out a rough draft, 1 pg at a time.

Slide 29: Second 20 Hours: 5 Hours: Mentor edit for red flags. 5 Hours: Add more research. 5 Hours: Tighten info to specifics. 5 Hours: Make it pretty.

Slide 30: You want to build a $1,000,000 company, or find $1,000,000 in funding?

Slide 31: Give a $1,000,000 effort.

Slide 32: Get started with just 40 hours. 

Slide 33: We’re passionate about helping early stage entrepreneurs be better prepared and able to find funding. Carolynn Duncan 801.319.4715 cduncan@fundinguniverse.com http://www.linkedin.com/in/carolynnduncan