What is the best way to purpose a business plan to a Bank when the Bank is who you are offering your business to, and not purposing for a loan.
What is the best way to purpose a business plan to a Bank when the Bank is who you are offering your business to, and not purposing for a loan.
Last edited by rjallen22; 09-14-2008 at 07:27 PM.
...It's Proposal...
StayFitForum - Visit, join, post, get into shape, it's that simple!
A business plan has lots of purposes, not just for financing. It is used to show you've got all of your ducks in a row.
Best Plan for the Business Proposal ,
Give Important to following things
1)Explain your Business in deep with future requirement and how it will success in future ?
2)Why you inspire to do this business?
3)what is your internal factor and external factor which can be your weakness and try to show that which will full fill by your bank
4)What is your preparation for the business ?
5)Capability for the business and your experience in the business
More detail you may get from the 2ono.com
For Small Business opportunity
www.2ono.com
Money making source for entrepreneurs and small business owners, a step-by-step guide to starting and operating your own business
u have no idea what u're talking about
there's only one answer to "What is the best way to propose a business plan to a Bank?"
and that is "ask the bank what their criteria is for processing business proposals"
all banks have criteria, and your 5 points are not at the top of the list
get a clue before taking the responsibility to advise people
Last edited by akula; 10-16-2008 at 12:26 PM.
--------------------------------------
Add Daniel Nerezov on Facebook
Daily RSS Reading List and Rankings New
My Blogroll | My Bookmarks | My Linkedin/Resume
are you trying to sell your products and services to the bank? If that's the case you don't offer your business plan to them. You may need to use elements of your business plan (forecasts, break even etc) to prove to the bank you are worthy of their custom. If it's a bank then I can guarantee (as I work in a similar institution) that a lot of their products and services will either be produced in house or bought en-masse. The exceptions being the odd external lunch or ultra-specialised consultants
I suggest research, and I do have a book to refer you to in this regards: "Entrepreneur America" by Rob Ryan, aka "Smart Ups". I found it one of the best handbooks for helping the elementary steps & fundamentals of starting up. Check it out...
All the best...
Brian Morgan
- - - - - - - - - - -
Morgan Insurance Group LLC
Indiana (USA)
My Contact Email
sales.brianmorgan@gmail.com
I want to get $20,000 business loan to extend my small business. I have never taken serious to write a business plan for my business, and I don't like play the words or numbers, but my business do have some profit. Would I get a loan if I have no a qualified business plan? Please help.
I need to understand your business, and what you plan to propose to the bank. Once I know this, I will be able to send across a detailed proposal.
Ainslie, it may be in your best interest to start a new strand for your inquiry.
I'm not sure I understand the original question, but it seems like if you are making a proposal to provide a service/item to the bank, you'd make it a marketing proposal like for any other client. Listing features, benefits, etc. This doesn't mean you wouldn't need your business plan, but you wouldn't use it for that.
"The tiger can't change his spots. No, wait, he did! Good for him!"
---Jack Handey
hello... i'm a new boy in to become an entrepreneur....
may I share and learn a bit of you all
that's a good question, the answer is..."DONT". the banks are bullshit.. don't get into "startup-debt".
I will put it to you this way. If you had $100k and someone off the street came up to you and wanted you to give them money for a business or something, what would that person have to do to convince you that you will make money, and they won't fail. Banks are businesses as well.
Best of luck
Featured on:
Copyright © 2011 Entrepreneur Media, Inc. All rights reserved.
Disclosure: You should assume that the owner of this website is an affiliate for providers of goods and services mentioned on this website and in the videos. The owner may be compensated when you purchase from a provider. Perform due diligence before purchasing from this or any other website.