Posted by Jim Rayner (MA) on March 21, 2001 at 10:19:54:
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Biz plan ? for Eddie Garcia - Posted by J. Luis Avina
Posted by J. Luis Avina on March 20, 2001 at 11:41:36:
Eddie,
Thank you for your words of wisdom and inspiration.
I am working in my business plan and would like to know if it is possible to see a business plan written by you. Per your suggestion, I did visit venturea.com as well as paloalto.com and others. However, I would like to learn and improve my business plan by looking at one of your samples, if possible.
Thank you in advance.
J. Luis Avina
@Bloomington, CA
Re: Biz plan ? for Eddie Garcia - Posted by Ed Garcia
Posted by Ed Garcia on March 20, 2001 at 20:16:12:
Mr. Avina,
How are you today? I’m going to share with you a post I just did in answering a similar question in regards to credit line. I’m sorry to say Mr. Avina, that I only have so much time and much of my work is done to tailor to the individual. The reason I don’t like to just shell it out is because I tailor each one to the individual and their circumstances. Here is a post I just made on the main Newsgroup just a few munites ago to a gentlemen named Terry from Huston.
Terry,
Most entrepreneurs or investors, are not familiar as to how to write a business plan.
As a result, they try to find someone to write it for them. There is much business for the person who can write good business plans. Unfortunately, much of the benefit of a business plan is lost if you have somebody else write it for you. Sitting down and pounding out the plan, section by section, forces you to do considerable thinking and evaluation of your plans… Without expectation, entrepreneurs who have written their own business plans, report that they were forced to rethink many aspects of their venture when it became apparent to them that they were some serious flaws in their thinking. The parts did not fit together properly.
Your plan is not a blueprint which you follow step-by-step in creating your empire. Instead, consider it a road map from where you are now, to where you want to go. There will be detours and lots of bad roads, but you will still find you plan helpful even if you are continually changing it as new information and new experiences are encountered.
A Business Plan is extremely important for 3 reasons.
(1) For you the Investor, it allows you the investor an opportunity to lay out a game plan from beginning to end. In that game plan you can evaluate yourself and your plan. If you done your job right, you can put all the pieces of how you operate together like a puzzle. Such as choosing your title company, appraiser, contractor, tell how you plan to invest in real-estate, your experience level, how you plan to buy, market place, how you plan to market or sell them, What your plans are if they don’t sell, etc.
(2) For you to obtain other Backers (Investors), now you can show them a solid buyable plan, rather than give them some verbal mambo jumbo with holes in it. The Backer will feel more confident in you and your venture, because you have mapped it out for them.
(3) For a Working Credit Line from a Bank. This line is just like having an Investor. It’s designed to allow you to buy property making cash offers to get a better price, cheaper cost for the money, faster closes, get more deals, can season your deal, etc.
Terry, these are just a few reason for a Business Plan. Yes if your intentions are to just do a deal here or there, you don’t need one. If you plan to be a real-estate investor or entrepreneur, it’s PARAMOUNT, for growth and getting the real money from banks as well as romancing Investors (Backers). A good Business Plan adds CREDIBILITY to you and your real-estate venture.
Ed Garcia
Re: Biz plan… - Posted by J. Luis Avina
Posted by J. Luis Avina on March 20, 2001 at 20:33:34:
Mr. Garcia,
My most sincer appreciation for your input. I am serious in regards to having a well thought out business plan: a document helpful for a business “to sell enough of its product or service to make a satisfactory profit and be attractive to potential backers.” I certainly hope we’ll meet during one of your workshops so that we could go over my biz plan. After weeks of thinking an re-reading my plan, I know something can be improved and I don’t know the specific area (i.e. finances, marketing, management, etc…)
Once again thank you and have a good evening.
J. Luis Avina,
@Bloomington, CA
Re: Biz plan? i remember this - Posted by Greg NY
Posted by Greg NY on March 20, 2001 at 20:29:02:
Mr Garcia,
I’ve seen a lot of software on the market to help write a powerful business plan.
Do you now of any that are easy to use and work well for a novice business plan writer?
Thanks
Greg NY
Re: Biz plan? i remember this - Posted by Jim Rayner
Posted by Jim Rayner on March 21, 2001 at 06:24:25:
I built my plan with Biz plan pro http://www.paloalto.com
I did not like the interface so I used word an excel to adapt the outline plan to fit my specific needs. For the novice in plan building its a great tool. They have a free sample real estate plan at
http://www.bplans.com/c/sp/d/?s=23&sh=1
This plan is essentially the lay out I have used with mine. Thus far the bankers have loved it and a good plan will open doors to a whole new future.
Re: Biz plan? i remember this - Posted by JPiper
Posted by JPiper on March 20, 2001 at 23:08:56:
Microsoft Office 2000 Professional has a Business Plan tool that looks fairly extensive… a business plan wizard, lots of links, articles, templates etc. Don’t know if it is available as a standalone product.
JPiper
Re: Biz plan? i remember this - Posted by Ed Garcia
Posted by Ed Garcia on March 20, 2001 at 20:52:17:
Greg,
I’m embarrassed to say that I’m fairly new to what’s available today. I’m from the old school Greg and do it the old fashion way. If you get a hot program Greg, please don’t hesitate to share it with us.
Ed Garcia