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April 29, 2008

If you missed the last edition,
The Numbers in Your Business Plan, click to get there!

Angels, Angels Everywhere ...

Business Plan Master is pleased to provide a lot of information for the angel-seekers amongst us, such as:

Angel Investor Networks

Angel Investors in California

Angel Investors in Canada

Angel Investors in Illinois

Angel Investors in New York and New England

Angel Investors in the Southeast

Angel Investors in Colorado

Tech Coast Angels

Maverick Angels

Angel Funds from Hospitals

Angel Investor Groups for Women in Wisconsin

And, in truth, there are hundreds, if not thousands, of more groups that we haven't listed.

... and Not A Drop To Drink

So how come it's so hard to get angel funding?

For starters, angels are particular. They are looking for a particular type of business, in a particular financial range. And it doesn't hurt a durn bit if the principals in the business are really outstanding.

Applying to angel groups can be tedious. Each one has its own method of applying. Some are online. Some are via email, or snail mail.

But the rewards are well worth the effort. The opportunity to speak in front of 50 or more ready, willing and able investors just can't be duplicated anywhere.

Even better, g et in front of 2,000+ investors. Post your business plan and get direct contact. It's a great way to reach investors that you wouldn't be able to reach otherwise.

Most angel groups don't require that you have a formal business plan in hand before you address them. But, in this market, if I were you I would have a great business plan in hand before I let that opportunity slip through my fingers. It's real hard to say, "Gee, you want a business plan? Sure, I'll be glad to send you one in a month or two when I finish it." Duh.

Show your stripes, and go in prepared.

Too Good To Miss

The 9 Secrets of Angel Investing

Look at it from the other side of the table. This is what GrowThink tells prospective investors to look for in angel investments. More importantly, this is what angel investors will be looking for when they evaluate your business plan.

Take heed.

Check it out here.

Just "OK" won't work anymore. Especially if you are looking for venture capital, angel investment or substantial funding of any kind.

That's why we put together "Make Your Business Plan Soar". It's the only publication on the market that takes a million dollar plan, and tells you how to create it, step by step.

Click on the book cover for more information.

Your Free Business Plan

The Mississippi State University Extension Services has a nice intro to starting your own bed and breakfast.

It's a popular choice, and for good reason. It's a way of making money while meeting some of the nicest people on earth. The folks who stay in B&Bs are just different than those who stay at the local Hilton. They are down to earth nice folk.

Decide first what you expect from your B&B, then decide how you can attract guests. This time next year you could have a household full.

"Money is better than poverty if only for financial reasons."
~ Woody Allen