Experts Views on the Value of Business Plans: Part 2

After researching about business expertise Daymond John, I thought about how I could make my company expand. Daymond John started his company in his house. He used it as his headquarters, which saved him a lot of expenses. He also did not have many employees; it was mainly him and a few friends, who were his business partners. I thought, in order to save money in the beginning, I should have fewer employees and gain more as I expand my company. I also wanted to change my marketing strategies to save money as well. Marketing is one of the biggest expenses in a company; it will change yearly within my company. In my business plan, I want to why my company is profitable and why the investors should invest in me. 

The section I consider to be most important to investors is the start up costs, marketing budgets and sales budgets. I believe these sections to be most important to the investor because investors want to know how much money a company needs, what they need it for and how much revenue can they raise. All three factors help them consider if they are going to invest in one's company and how much they decide to invest. Another important section I want investors to notice is how I plan to build my brand. Building a brand can really expand a company, this is another reason I would want and need the investors investments.

 Sources:

Burns, Renita. (2010, May 11). FUBU Founder Talks About Building Your Brand. Retrieved June 5, 2011 from http://www.blackenterprise.com/2010/05/11/fubu-founder-talks-about-building-your-brand/

Daymond John. (n.d.). About Daymond. Retrieved from http://www.daymondjohn.com/about/

Kristen. (2011, April 14). Starting a business, advice from Daymond John, founder of FUBU and Shark Tank investor. Retrieved from  http://theclothingmenu.com/2011/04/starting-a-business-advice-from-daymond-john-founder-of-fubu-and-shark/