the amusement archive for startups
Typical Investor reviews 500 business plans each year, perhaps more. Of those 500 business plans, the majority are filed, lost or disregarded. Reasons for this are numerous, but Investors commonly complain that many of the business plans they receive are thick, overly ponderous documents. Many Investors will reach for the thin business plans first, finding this strategy most appealing when sifting through several hundred candidates. The ideal length for a business plan, according to many Investors, is 25 pages, with appropriate appendices.
A side note.... Many Investors encourage management to write their own business plan, or at least be involved in the research and development of the plan opposed to hiring an outside professional. The management team needs to feel responsible for the contents of their business plan because they have to perform. Outsiders, such as an accounting firm, assisting a team with their plan, is fine but they should never write the entire document. Outsiders don't have to live up to the plan, management does. This is a perfect reason for the use of an industry specific 'template' plan. It gives you a solid accurate base to work from, but leaves enough local research and elbow grease to make you intimate with your plan and the local opportunity. Instead of starting at square one and working for 6 months or more, you can step in with a well written plan and spend a couple of weeks refining it for your business goals.
- Courtesy of Northwestern Capital Group
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"I just wanted to say thanks for taking the time to chat with me. This was a very valuable conversation as it gave me a whole lot more to think about. Although I have done some research, our conversation opened my eyes to things I was unaware of. From lease negotiation and startup costs to a much better understanding of what and how our local community and area demographics play into our fun center planning. Time well spent and I would recommend others who are researching their startup, give your office a call. You were extremely selfless with information and provided an encouraging view based in Reality. Thank you."
"Thanks for taking the time to chat with us, we really appreciate your time and insight. We had some idea of project scope, but had no idea about all the minutia and details to consider for startup location and our funding. After speaking with you, we came to the realization that ultimately the project we were considering is more of our time than we can commit to, and would not have discovered this reality until much further along. Thanks for helping us determine our path forward."
"This was by far the best thing I have done for my fun center startup. You provided such great and unbiased information, some of which I did not want to hear, but so glad that I did. I now have the focus of mind to proceed with a lot more confidence and direction. I just want to say again, thank you for sharing these insights and your experience."
"I wanted to say thanks again for all of your time in answering my many questions, and helping to make me better understand the steps needed to see our dream of a family entertainment center business in reality. For the first time in this journey I understand how and why to prepare our plan for funders, and how to match my own abilities and financial resources to accomplish my goal. And yes, I would recommend others do take advantage of this service, I can’t imagine to find this much experience and honest at any price, none the less for free. Thank you."
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On the web since 1999, the FEC Network is the online amusement business resource for startups, owners, operators and suppliers.