Sunday, February 8, 2015

Business Plan Experts

Industry expert Tim Berry has been called the Obi-wan Kenobe of business planning. Guy Kawasaki made Berry his business plan expert in "How to Write A Business Plan". " The father of business Planning" is a name given to him by Jim Blasingame. So what make Mr. Tim Berry so great in the eyes of many? Let's analysis his method of business plan reviews to see what make him the holder of all of these titles. 

Plan-run-review-revise is the template that Berry recommends for people who run or own a business. Berry operates on the idea of "plan as you go" or as he like to call it "PRRR" plan-run-review-revise.
If Berry's expert advice sounds simple to you, well... that's because it is. 

"It’s not that business plan document you do once and then forget. It’s a core plan, just big enough to run your business, that you keep live and on a computer. You review it monthly. You don’t dress it up with fancy summaries and descriptions until you need them for a specific business plan event." (Berry, 2015)

However, Berry also says that he works on more complex business plans but of course he prefers his method of "PRRR". Above all Berry tells his reader on TimBerry.com that he recommends that before you hire him please review the free business plan material that he always has available on his site. 

The next business plan expert I will discuss is Bill Payne of Bill Payne and Associates. Mr. Payne is a business executive, entrepreneur and a "angel investor". Payne's website helps business owners primary learn how to pitch to angel investors. Under his web link "Get Angel Money", Bill has a definitive guide to raise money from angel investors. Because Payne's guide is $37 to purchase there isn't much information on the website that you would find in the book. 


"Angel Investing is a Miracle of the modern world. In fact, I believe history will show it to be the most important development in funding this century. Never before has it been possible to take a small idea, stand in front of 20 to 30 highly successful business persons for 20 minutes with the realistic possibility of securing capital from them. These small Angel Groups are all over the world, funding more businesses every year than even Venture Capitalists." (Payne, 2015).