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Old 01-27-2016, 08:18 PM
jonsan32 jonsan32 is offline
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Question I have potential investors, but need a business plan

In my efforts to build a basketball gym for my non-profit youth program, I've reached out to several parents who definitely have the money to make this happen. They've asked me for a business plan, however, and I'm not business savvy enough to even know what to say to hire someone to write out one that would please them. What do you think is the best route for me to take?

I was thinking to hire someone to draw up a business plan for me, based on what I have laid out on my site for the project: www (dot) evolved (dot) center. The architect we have attached to the project estimates the potential cost to be a little less than a million dollars. I was thinking of breaking that price up into 20 pieces that can be purchased as one or as multiple. Each piece would then be held for 2 years, and then reimbursed at a rate of $500/month for the next 10 years... resulting in a total of a $60,000 for each $50,000 investment.

The parents have stated they'd only need to make a little on their investment, so I'm wondering if that reimbursement price is too low or too high? Should I label this in terms of interest (or compound interest)? Is there a particular word for this process? How much should I charge the person I hire to write the business plan? I was thinking a flat fee for the service, and then a percentage of whatever ends up being invested. Also, where should I go (online or in the real world) to hire this person?

And lastly, I do have a 20+ business plan I pitched to one of our richest parents that he shot down. It has a ton of info in it, like market feasibility research to employee projections to everything else I stole from templates on the internet. The person hired could use that, conversations with me and the guy who owns the fitness center we're set to build on, and any kinda research needed to draw this up.

Anyways, I know nothing. All I know is if I present something semi-professional, they would jump at the chance to make this into a reality for the sake of their kids. Any help would be greatly appreciated. Thanks!
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Old 03-04-2016, 03:57 AM
Volatility Volatility is offline
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Default Re: I have potential investors, but need a business plan

Have you put anything down in a presentation yet? If you've got a powerpoint or something I'd be happy to take a look at it if you PM me something. I've had some experience in venture capital and have seen (and prepared) several business plans.

In my experience i'd say don't worry too much about not having experience in this. The people you are talking to will likely not be a whole lot more business savvy than you are.

Just get it all down in a format, everything you think you'd want to know if you were the one being presented to. Then just review and add to it every few days with fresh eyes until you feel it's ready. Keep it simple and easy to understand, just make sure you cover all the major topics. Afterwards and in the weeks following there will be plenty of time to have conversations and question periods to get the full details out.

Some of the best presentations I've ever seen came from people with zero business background.
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