Writing a business plan is one of the most difficult things
that entrepreneurs have to do. It is an art, not a science
and it challenges the entrepreneur in areas where he or
she might not have much knowledge or experience--and the
success of getting funding may depend upon how well the
plan is developed.
Doyon Hall has created plans for a variety
of companies and these plans have resulted in investments
in the client’s company. Doyon Hall led planning has
also helped business owners execute an exit strategy, allowing
the owners to retire or to move on to a new business opportunity
while realizing the maximum value for their business.
A good business plan is necessary, but not sufficient to
raising capital, whether you are looking for seed money
or mezzanine financing. The best written plan can’t
hide a poor business model but a poorly written plan can
prevent an excellent business concept from being appreciated.
A solid business plan has several purposes. The most common
is for the raising of investment capital. Too often, though,
that’s as far as the thinking goes. But a good business
plan should serve as a map for the business.
Doyon Hall works with companies to develop
a clear understanding of their business model and the strategy
that must be executed in order to attain the success potential.
The business opportunity can
best be described by identifying the SWOT factors: Strengths,
Weaknesses, Opportunities, and Threats.
The strategy is the plan or map
that will allow you to maximize the businesses potential.
It makes the most of the company’s strengths while
at the same time mitigating the risks that come with the
business’s weaknesses and the external threats.
Aside from identifying the business opportunity and the
strategy, the plan needs to give you and your investors
an idea of the likely and expected financial returns. Doyon
Hall can work with you to develop this pro forma
financial model.
The cost of creating a comprehensive business plan is related
to the complexity of the business model and the amount of
usable work that the client has already completed. Doyon
Hall will work with you to develop a project plan
that will work within your budget.
In the process of creating your business plan, you will
come to a better understanding of your business and the
process of developing and refining your business strategy.
Contact us for further information on these services.
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