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You Don’t Get $1M in Revenue or Funding with a Half-Assed Business Plan 20 Minutes To Change the Way You Write Business Plans Forever

You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

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Page 1: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

You Don’t Get $1M in Revenue or Funding

with a Half-Assed Business Plan

20 Minutes To Change the Way You Write Business Plans

Forever

Page 2: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

News Flash:

You’re starting a business; you don’t need a 20 page business plan,

You need money.

Page 3: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Best way to get money?

Page 4: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Get a frigging job!

Page 5: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

But, you don’t want a job.

You want to be an entrepreneur, and create your own job.

Page 6: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Congratulations.

You just signed yourself up for the worst job on the planet,

and the hardest way to get money.

Page 7: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Entrepreneur Job Description:

No pay. No benefits. Long hours.

Very little sleep.Tons of problems.

It’s a real stress-fest.

Page 8: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Enough with the depressing comments—

let’s get back to business plans.

Page 9: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

So–

you don’t need a business plan, you need money.

Page 10: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Best way for an entrepreneur to get money?

Page 11: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Put a team together to: solve a problem

tell & sell products/services

to troubled people with money willing to buy your solution

& keep paying your billsuntil everyone can cash out.

Lather, rinse, repeat.

Page 12: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Should be easy enough– let’s get started!

But first, a few questions:

Page 13: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Who’s on your team?What problem do you solve?

How will you market to X people and how many people will buy this year?

What are your products/services?Who is troubled & how much $ do they have?

What other similar products are available? How much $ do you need to start & run?How much cash will you have in 3 years?

Page 14: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Welcome to being an entrepreneur;

Welcome to being askeddetailed questions

about your business 24/7.

Page 15: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Founders/Employees

InvestorsLenders

PartnersService Providers Customers

Clients/Users

Family/Friends

Page 16: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

How will you pay me? When will I get my money back?

How can we work together? Why should

I buy this?

Why don’t you just get a real job?

Page 17: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

It gets worse.

Page 18: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Family/Friends Questions

Page 19: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Co-founder/Employee Questions

Page 20: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Partner Questions

Page 21: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Customer Questions

Page 22: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Investor Questions

Page 23: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

More Investor Questions

Page 24: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

News Flash:

If you don’t have answers to detailed questions, you risk coming across

a bit half-assed.

Page 25: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Most people don’t want to:

buy from, lend to, invest in, work forstay married to, partner with, or help out

a half-assed entrepreneur;

it’s just too stressful.

Page 26: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

News Flash:

You don’t need money to start a business,

you need answers—

You need a business plan.

Page 27: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

You’ve got 168 hours a week—

Why not crank out a business plan in 20 hours, & use another 20 hours to make it better?

40 hours of college paper writing will separate you from most other entrepreneurs starting a business.

Page 28: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

First 20 Hours:

5 Hours: Answer questions.

5 Hours: Talk to people & find stats.

5 Hours: Crank out spreadsheets .(no more than $1M first year)

5 Hours: Crank out a rough draft, 1 pg at a time.

Page 29: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Second 20 Hours:

5 Hours: Mentor edit for red flags.

5 Hours: Add more research.

5 Hours: Tighten info to specifics.

5 Hours: Make it pretty.

Page 30: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

You want to build a $1,000,000 company,

or find $1,000,000 in funding?

Page 31: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Give a $1,000,000 effort.

Page 32: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

Get started with just 40 hours.

Page 33: You Don't Get $1M in Revenue or Funding With a Half-Assed Business Plan

We’re passionate about helping early stage entrepreneurs be better prepared

and able to find funding.

Carolynn Duncan801.319.4715

[email protected]://www.linkedin.com/in/carolynnduncan