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Writing Winning Business Plans: How to Prepare a Business Plan that Investors Will Want to Read and Invest In (Rich Dad Advisors) Paperback – May 29, 2012
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Businesses often start with a flash of inspiration for a product or service. According to the author, the difference between a good idea and a prosperous business is a well-written business plan. At its most basic level, a business plan helps organize an entrepreneur’s thoughts, Sutton writes; at its highest level, it provides a tightly structured outline of what the business will accomplish, how it will be funded and its requirements for long-term success. Sutton provides advice on how to establish a vision for what the business will do, how to gauge the potential company’s competition and how to find funding. Ideally, a business plan is the intersection of everything inside the business (costs, products, services, personnel, etc.) and everything outside the business (competition, market trends, political forces, etc.).” The book provides several examples of how structured plans have helped individuals understand their opportunities and challenges and, as an example, also supplies a detailed plan of a potential restaurant. The author writes with authority, giving concrete reasons behind each section of a plan, but offers plenty of encouragement along the way, motivating readers to undertake what is essentially a soul-searching exercise as well as a financial one. Sutton is also objective and truthful when highlighting the pitfalls that entrepreneurs may encounter. He reminds business owners that once a business is up and running, it’s essential to consult the original business plan from time to time to ensure they are achieving their original goals.
A wide-ranging, detailed primer for potential entrepreneurs."
About the Author
Garrett has over thirty years experience in assisting individuals and businesses to limit their liability, protect their assets, implement advantageous corporate structures and advance their financial goals.
Garrett is the author of Start Your Own Corporation,” Writing Winning Business Plans,” Buying and Selling a Business” and The ABC’s of Getting Out of Debt” among other titles.
Garrett is the owner and operator of CorporateDirect.com, which since 1988, has provided affordable asset protection and corporate formation services, as well as resources for entrepreneurs and real estate investors. Robert Kiyosaki, the best selling author of Rich Dad, Poor Dad calls Garrett and Corporate Direct the premiere source for asset protection strategies.”
Garrett attended Colorado College and the University of California at Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings Law, the University of California’s law school in San Francisco. He has appeared in the Wall Street Journal, the New York Times, and other publications. Garrett enjoys speaking on asset protection strategies and is a frequent lecturer for business groups and the Rich Dad’s Advisors educational series.
Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama, and the Reno-Nevada based Sierra Kids Foundation.
For more information on Garrett Sutton, please visit his Web sites at www.sutlaw.com, www.corporatedirect.com, and www.successdna.com.
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Top Customer Reviews
Especially useful is the section on the Financials and how key this is when looking for investors or a business loan. I look forward to using the information in this book to flesh out my business model and bring it to life.
The author, an attorney, has over thirty years' experience in assisting clients in selecting the appropriate business entity . . . it shows in this book, as Sutton cites countless examples that help make his points come alive.
There were many useful tidbits I gained from listening; among them:
* Plan to run a business that at some point in time can run itself and provide excessive cash flow.
* The executive summary is your calling card. It immediately shows a prospective investor if you have the savvy to run your business.
And this one that I really liked:
* When you develop your business plan, send it to a small group of investors first so you can get feedback to see if you're on the mark.
If you need to develop a business plan, WRITING WINNING BUSINESS PLANS will be worth reading before you begin putting anything down on paper.