Post 2 for BPD

In my last post I talked about Steve Ells and Mark Cuban and the key components they look for when negotiating a deal. I have noticed that both investors strongly believe in an organized business plan. They both agree that deals are usually turned down when they show lack of business plan.  Mark Cuban believes that if a business plan is thoroughly thought out properly and execute on plan, the business should be a success. So I have been planning my business plan with cautious. Making sure everything makes sense and that they are no issues. Getting the business plan revised should always be an option.

Another key component Mark Cuban pointed out is how much the person looking for a loan is welling to pitch in to the plan. Mark Cuban thinks that if the individual seeking investment for a business, also invests his own money into the business, they will work harder and would be more dedicated to their business. I have not been saving anything for my business plan, so I would need and should start saving my launch money. When I do approach an investor, I will make sure I have a lump sum of cash to pitch in. This will bring ease to the investors and boost their confidence towards my business plan and I.

I believe the most important section of my business plan is the description of the business, for the investors to see. I think my plan is very unique and as soon as they read what my plan is they will be interested. There is a need for what my business plan is and no business is proving this need.  There are over 6 million people with tattoos in the USA, but there is no dedicated school for it. Not yet at least. 

Angel Investors and Entrepreneurs

  Steve Ells is investing his money on a new hit series called America’s Great Next Restaurant. Steve Ells is the founder of Chipotle and he began his restaurant chain with an $85,000 loan from his father in 1993. He was born in September 1965 in Indianapolis, Indiana. He has been appointed Chairman of the board in 2005. Before Ells launched Chipotle He was working at Stars Restaurant for two years. He graduated from University of Colorado with a bachelor of art degree in art history and graduated from Culinary Institute of America.
Steven Ells is one of the investor for Americas Great Next Restaurant, which they are seeking to invest millions of dollars into opening three restaurants in New York City, Minneapolis and Los Angeles. One of the key components is that they are looking for is a unique name. This is a key component because the name reflects to the owners and what they are portrayed as with their company.


  Mark Cuban is the next angel investor I will speak about. Mark was born in Pittsburgh, PA on July 31, 1958. He started his business venture as young as 12 years old. He sold garbage bags to afford a pair of basketball shoes. He eventually paid off his student loans by collecting and selling stamps. Now he is owner of NBA Dallas Mavericks, Magnolia Pictures and chairman of HDTV cable networking. His key component for a business plan is very simple. If there is an actual need for the product. And this key component is simply for profit reasons. Another important key component he looks for is the track of the business plan and the financial records. Also how much money the one seeking investment is willing to pitch in to the table. He believes that business plans that are strongly planed tend to do better then others. Also if one is willing to invest his own money into a business plan they seek investment for, usually work harder and stick to the plan.

http://bpexpertviews.blogspot.com/
http://people.forbes.com/profile/steve-ells/19160
http://www.forbes.com/profile/mark-cuban
http://www.investingvalue.com/investment-leaders/mark-cuban/index.htm