why businesses do not get funded

14
Or…how having a great Business Plan can make or break your business! Brian Mazar, CBI, MBA

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Good Business plans are critical when buying a business, starting a business, sale of a business.

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Page 1: Why businesses do not get funded

Or…how having a great Business Plan can make or break your business!

Brian Mazar, CBI, MBA

Page 2: Why businesses do not get funded

What are they?

Who needs one?

Page 3: Why businesses do not get funded

Business Acquisition

Business Loan – operating capital, capital equipment

Bidding for new business

Refinancing of existing loan

You – know where you are going – make yearly adjustments

Page 4: Why businesses do not get funded

Sources of Loans – SBA, Commercial Loans, Investors, Partners, Family

Challenges in obtaining loans

Page 5: Why businesses do not get funded

Company A: Make top notch walking shoe, excellent people

Company B: Make bobble head dolls, excellent people

Company B gets funded while Company A does not. Why?

Page 6: Why businesses do not get funded

Can you really be a reliable supplier, if I really like what I see, you’ve got my business

How do customers make decisions? Corporate Example

Page 7: Why businesses do not get funded

Low Interest Rates – time to refinance and save money – not so fast

Refinance for a lower rate or longer terms

Page 8: Why businesses do not get funded

Change marches on – your goals stay the same - but in a dynamic world how you get there changes.

The story of the sailboat

Page 9: Why businesses do not get funded

Content and length ___________

Key Parts ____________________

All areas are important but the most critical are_______ and __________

Page 10: Why businesses do not get funded

Can I prepare my own business plan?

Who should prepare a business plan?

How much time should be invested in preparation?

Page 11: Why businesses do not get funded

What do decision makers look for?

How banks and investors make decisions?

Page 12: Why businesses do not get funded

What do the sales people say? “No problem. We can get you funded.”

What do underwriters say? – “Not so fast.”

Page 13: Why businesses do not get funded

Having an excellent Business Plan DOUBLES and even TRPLES your chances of obtaining funding.

Page 14: Why businesses do not get funded

Specializations in:

Mergers & Acquisitions (Sell & Buy Side)Business ValuationsGrowth and Exit PlanningBusiness Plans

Healthcare/Medical

505 3rd Street, Suite #301Louisville, KY 40202(502) 244-0480www.fortunebta.com