Summarizing for a Lending Institution At this point in the start-up process, it is time to present your idea to funding sources. Suppose you go to a bank for funds. Normally, the lending officer will give you 1015 minutes to present your business idea. If the idea is of interest, the lending officer will give you a list of items he or she would like to see in a formal business plan. Your business plan should be in the form of a written document consisting of not more than 3 pages. It should have a short, crisp introductory paragraph written in bullet points and should be devoid of long-winded paragraphs. A few sentences under each topic heading will either catch the lending officers attention or not. Keep in mind the lending officers time is valuable, and you need to make the plan easy to read, understandable, and concise. Name your business plan: W6_A2_Business_Plan.doc. (This will be 3 pages) Once your business plan is approved, you will be asked to prepare your presentation. For this purpose, you should be taking your work from Weeks 15 and combining it all into your final presentation. Your presentation should contain the following topics in the order presented: Starting the businessThought about an ideaDetermined your exit strategy from your present employerIdentified the entity type for your businessDescribed the management styleSelecting the teamInterviewed an attorney, manager, and employees from a similar businessCreating contracts and leasesDetermined the types of contracts (if any) neededDetermined if any license is needed Determined types of leasesDetermined types of liability insuranceFunding the businessIdentified the funding option for your businessEstimated the capital amount required for the businessDetermined the source has enough fundsDetermined the requirements to be fulfilled in case you approach an angel investor, sell stock, or enter a partnershipSelling the businessReviewed the different valuation methods and selected the best choiceAnalyzed if any professionals are usedDetermined the valuation method for your tangible and intangible assets In addition, make sure that the presentation flows together with a brief introduction and a conclusion that ties everything together. Structure the slides in the same format as a formal presentation. The slides should include relevant information (not found on each slide) in the Notes section. Submit your 3-page business plan and 18- to 20-slide Microsoft PowerPoint Key Areas of Concern All of this must be original work. Suspense must be met No plagiarism Pay close attention to the instructions above and do not compensate subject matter with a bunch of spacing please.
