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Added: Sep 5, 2010

From: robjim1980

Duration: 7:33

Whether you are fundraising or developing strategic partnerships, your business plan is an important document that conveys a message to the reader about your company. Watch Robin and Jim interview Jill Johnson of The Institute for Entrepreneurial Leadership (IFEL) on the process of putting together a business plan. A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. A business plan makes entrepreneurs analyze their business, set a focus and goals. Putting together a business plan will often outline areas overlooked in your initial analysis; give you an idea and ways to minimize risk. Your business plan is your communication tool for which third parties, like lenders, use to analyze your business. Lenders will usually require a business plan in doing their due diligence in the loan approval process. The Institute for Entrepreneurial Leadership (IFEL) supports economic development through entrepreneurship. IFEL mission is communities by accelerating the growth of the small business sector -- the business segment that has the greatest potential to positively impact job creation and wealth building. We have a particular outreach effort targeting women and minority business owners who often lack sufficient access to business capital. Jill Johnson, the CEO of IFEL is a strategic business consultant with over 15 years of strategic, operations and finance experience. Jill has worked as an analyst at Goldman, Sachs mergers acquisition division, a senior business plan writer at the Business Planning Institute, serves on the advisory board at the Rutgers -- Newark Small Business Development Center and has a degree from Harvard University. If you are ready to take your vision to the next level and need help developing a roadmap to get there, contact Jill at Jill Johnson 211 Warren Street Newark, NJ 07103 973.353.0611

Channel: Education

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