Bill Bartmann Lecture Series – Part 8 – Bill Bartmann Teaches Students How to Write a Business Plan

Bill Bartmann says many businesses that fail do not have a good business plan; a business plan clearly defines the goals of what the business is doing

Tulsa, OK - Bill Bartmann has a lot to say about the importance of a winning business plan. "Your business plan is an essential step in your education as you clearly define the goals of what your doing, why your are doing it and how you are going to accomplish it," said Bill Bartmann at the beginning of the lecture. "You re not writing a novel to impress the public; you are preparing this document for yourself and for others that you will have a business relationship with, including lenders, partners, vendors and suppliers."

Bill Bartmann explained how lenders look at a business plan and come to a conclusion that they can or cannot safely invest in a business. They use the information to determine if there is a good chance that the business will be able to repay a loan.

Bill Bartmann also explained what a potential business partner will be looking for and that it is essential that one gain their trust by demonstrating clearly and concisely there vision of how the business is going to look.

Bill Bartmann said vendors and suppliers will want to see a business plan if one should ask for an account with them. They will want to see that the business has potential to be successful so that they become a regular customer, therefore, building their own business as well.

Bill Bartmann said, "So, how do you present all of this? The rule is ‘thin to win.' The more wordy you are; the less you know and the less you understand what you are getting into. An efficient business plan looks very crisp and clean, with easy to read font."

Bill Bartmann went over all the parts of the business plan, explaining that it is very important to present a clear picture of what the business will look like and how it will succeed.

As the lecture was concluded Bill Bartmann said, "Your business plan should distinguish you from your competition. It is a very important part of your Loan Proposal Document which will be used by lending institutions, private investors, potential partners and anyone that you will have a business relationship with."

The students appeared to get a lot of useful information from this lecture as they listened intently and took a lot of notes. They found this lecture to be quite valuable; many of them thanked Bill Bartmann for the wealth of information he provided them.

Bill Bartmann has started 7 businesses in 7 industries; he is experienced at handling the negotiations and presenting himself and his business in a positive light. Read his complete article about how to write a winning business plan at http://billbartmannhowtowriteabusinessplan.blogspot.com/