When starting a new business, you must first have the idea. Once that falls into place you have to do your research and create a business plan to allow yourself to get others interested in the company to hopefully invest. Many people out there are such experts in this field of creating the perfect business plan such as Donald Trump, Oprah, Kevin O’Leary and many more. The certain expert I will be discussing is the co-founder of Growthink “Dave Lavinsky” he is very successful and an expert in creating the perfect business plan and capital.
Growthink is a company that is geared towards helping other entrepreneurs become successful. They help anything thing from small new businesses to fortune 2,000 companies. I really enjoyed reading about Growthink, the company is all about positivity and integrity and is all about making sure they “get it done” and “get it done” right.
In a video about Growthink on the company website, David discusses many reasons about the importance and key components of developing a business plan. Some of those business plan basics he mentioned about investors and about how you must keep up to speed with the times. He mentioned that they look at business plans in a more critical light; they want to know your backgrounds, know that you are right for this idea. They are more likely to invest in YOU then your actual plan. You have to have the confidence that it will work, do your market research, and being 100% that if it makes sense for you to even start a business at this time.
Another important thing that really stuck out throughout the video, David said that you must do everything to convince the investor, really sell the idea to them. Find the right audience, what is the importance of the opportunity that would make them more interested in investing in your company. David also mentioned many times that no longer are business plans just an operational document, but a marketing plan, proving that the idea will work.
While studying David and Growthink, I learned many new great ideas about writing a business plan. Growthink would be a great company for a new start up business to look into, they really know what they are doing and most likely are going to be the reason for helping you get just the right investors for your certain company.
http://www.growthink.com/content/david-lavinsky-growthink-and-entreprenurship
http://feedroom.businessweek.com/?fr_story=a6be55484f395148180836b4e80cb8d042fb2c8e
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