Bill Bartmann

Bill Bartmann says a powerful loan presentation will get lenders to want to invest in a business by loaning them money

Tulsa, OK - Bill Bartmann has already explained to his students how to create a winning business plan which is an important part of a loan proposal. Bill Bartmann's lecture series continues as he explains to his students the powerful message they are conveying in a loan proposal document. Bill Bartmann explained "The loan proposal that you present to a lender should be very simple; yet informative. This document should contain all the answers to the questions that are commonly asked by a loan officer. Remember, though it may not always appear so, lenders want to make business loans; this is how they make money."

Bill Bartmann went over the 12 sections that a loan proposal should contain, beginning with the Executive Summary. "This is a brief overview of your business and highlights of what is in the rest of the document; this is where the loan officer will decide if he is interested in reading the rest. Be sure to say a lot while using few words to gain his interest."

Bill Bartmann continued the lecture by explaining each section of the loan proposal and how it shows an entrepreneur is serious and educated; he knows what his is doing, and he shows that he understands the business loan from the lender's point of view.

Bill Bartmann surprised the students when he said, "Lenders generally have two fears; one is that you will fail; therefore, being unable to pay them. The second fear that they have is that you will succeed! Yes, they fear that you might be too successful and that you will not be prepared for an increased volume of business. If you cannot meet the demand and deliver; if you do not have enough well trained employees to fill orders, customers will be disappointed and your reputation will suffer and your business could ultimately fail."

Bill Bartmann gave the students a few minutes to grasp this information, then he explained how the last two sections of the loan proposal, the employee handbook and the employee training manual shows that they are prepared to hire new help as the business grows.

Bill Bartmann ended the lecture as he said, "A well prepared loan proposal will give lenders the impression that you are well prepared to go into business and to be successful. You should present yourself as an intelligent, experienced business person with the necessary qualities and attributes to operate and grow your business.

Bill Bartmann has borrowed $3.1 Million dollars in 120 transactions from 180 lenders to fund businesses. He has never used any of his own money for business. Read Bill Bartmann's complete article about how to create a loan proposal at http://billbartmannhowtowritealoanproposal.blogspot.com/

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/

Bill Bartmann explains the process that entrepreneurs must go through in order to meet their goals in business

Tulsa, OK - Bill Bartmann continued his lecture series by discussing the myths of business ownership. "There are many elements involved with starting and growing a successful business," Bill Bartmann began. "When considering going into business for your self, understand the facts and the myths."

The first myth of business ownership is ‘you get to be your own boss.' "In a way, you do, but in a way, you don't," said Bartmann. "If you are thinking of going into business for yourself just to replace your "jerk" of a boss, think again. Consider your employees, your customers, your lenders and bankers and your vendors and suppliers. All these people will, in a sense, become your boss."

The second myth Bill Bartmann mentioned was ‘you get independence and freedom' to do whatever you want whenever you want to. "This couldn't be more untrue!" Bartmann exclaimed. "You will become very dependent on the success of your business. You may eventually gain some independence and freedom, but at first, be ready for a lot of work. At least you have some free time when you work a 9 - 5 job; when establishing a new business, be prepared to work longer hours, including weekends."

Bill Bartmann covered all the elements to consider when thinking about giving up a job and running a business. He warned his students that the research and preparation involved in going into business is very time consuming and demanding.

Bill Bartmann's final comments were, "Educating yourself in business essentials is crucial to your success. Operating your own business is full-time work, sometimes including weekends and holidays. You must be ready to make a commitment and be prepared to make plenty of sacrifices before you experience the reward that you want and deserve.

Bill Bartmann is a self-made billionaire who has started 7 businesses in 7 different industries. He created the Billionaire Business System, a series of books and seminars that teach entrepreneurs what they need to know about succeeding in any area of business. Visit Bill Bartmann's website http://www.billionaireu.com for real business guidance to succeed even in tough economic times.

Entrepreneurs must perform their due diligence before buying an existing business

Tulsa, OK - Bill Bartmann, Business Coach, continues his lecture series by teaching students how to do their due-diligence as they think their way through everything they need to understand before making the commitment to buy a business.

The first due diligence question to ask is ‘Why is the business for sale?' Bill Bartmann said, "You must get an answer that you feel is credible; you have the right to be skeptical. Do not think you have to accept the first answer you hear."

The next due diligence question to ask is ‘What is your general perception of the industry?' Bill Bartmann said, "Your intent will be to increase the volume of the business. Has anything happened to have an adverse affect on the demand for your product or service? Think beyond the history and think of the future of the company. Can this business grow?"

Another good question is ‘Is this company one of the better ones in the industry?' Bill Bartmann explained, "When you purchase an existing business, you inherit the business, the customers and their reputation; you become what is seen through the eyes of the consumer."

Bill Bartmann also advised the students to determine the long-term outlook for the industry they are going into, whether the business is soon to peak and then fall; where the industry is in the market trend and if they are on the rise or if the market demand is declining. "Consider the competition; what are your competitors doing? Is the level of competition in this field or industry increasing or decreasing in your target market area?"

Bill Bartmann covered more due-diligence work to do before making the final decision to purchase the business. He suggested interviewing some of the customers. "Ask for their customer list so you can randomly choose customers rather than allowing them to give you ones that are likely to say only positive things," said Bartmann. "You might be required to sign a non-solicitation agreement promising that you will not approach their customers for your business if you choose not to buy their business."

Bill Bartmann advised the students to check to see if they are a member of the Better Business Bureau and to check with trade associations to see if they have heard anything about the company they are considering purchasing. Bartmann also said to analyze financial reports and ask about inventory practices. "Don't be afraid to hire a professional business consultant, accountant or attorney. The fee for their services is little compared to your savings if they should find problems that you would otherwise miss."

As the lecture concluded, Bill Bartmann said, "Be sure you get the websites, phone numbers, logos and trademarks that exist within the company. Otherwise, the former owner keeps the phone number and all your customers continue to call them instead of you! Remember, your due-diligence is your advance preventative medicine; be thorough when investigating a business to save yourself from making a very costly mistake."

Bill Bartmann has over 40 years experience in business; he has bought, sold and built businesses from the ground, up. Read Bill Bartmann's blog to learn more about doing your due-diligence when buying an existing business, http://billbartmannbuyingabusiness.blogspot.com/

Bill Bartmann says if you are beginning or running your own business, do you know how to make sure it is successful? If you really want to succeed in business, you need to look at and listen to the pros like Bill Bartmann. Bill Bartmann has been on all sides of the business world from being the guy who was starting with nothing, scraping by and trying to make a business work to being the top dog in a billion dollar business.

One piece of advice from Bill Bartmann is to have a business mission statement. Think about it, big businesses have mission statements. They come up with a goal and focus for their company and sum it all up in a few words. Those words are the lifeblood of the company. If your business doesn't have a mission statement, how can you really keep yourself on the straight path to success?

Bill Bartmann Gets to the Point

Bill Bartmann's tip #1 when creating a mission statement for your company is to make it short, sweet and to the point. This is meant to be a statement not a paragraph or a story. You want to use a handful of simple words to provide an effective focus for your company.

Walt Disney's mission statement is four simple words - 'To make people happy'. This is an example of a permanent mission statement, one that will be with you for years to come and always be the center point of a company. Another option is to have a term mission statement such as "make $100,000 annually by 2012".

Creating your mission statement is something that may take a little brainstorming. Write down what you think your companies goals are on a piece of paper. You may initially come up with dozens of them. Then keep paring them down so you just have the strongest and most important ones left. Then learn to sum them up into one statement that will speak for your business.

Know Your Statement says Bill Bartmann

Bill Bartmann's tip #2 when creating a mission statement is to make sure to hammer it home every day. Just writing a mission statement isn't enough if you don't live it. Post it somewhere in your office - on the wall, on your desk - somewhere you will see it every day. Make sure you read it at least once a day and keep the mission statement in your head as you make your way through the workday.

Bill Bartmann on Decision Making

Bill Bartmann's tip #3 when creating a mission statement is to make sure to use it! The idea of a mission statement is to be one line you can look at during any point in time and make decisions off of. For example, if you had the "make $100,000 annually by 2012" mission statement before you make a new purchase, consider a new product line or change any of your current actions, you would ask yourself, will this move help me make $100,000 annually by 2012? If not, you shouldn't do it. If so, you know it's the right decision to make.

Bill Bartmann offers online business courses so people can develop the necessary basic business management skills to be successful. Bill Bartmann's Billionaire Business Systems has helped thousands of entrepreneurs reach their goals by showing them how to strengthen their business even during times of economic uncertainty. Bring out the Billionaire in you; visit http://www.billionaireu.com/