A business plan means a plan for growing your business.  Usually, it consists of your involvement/contact in the following areas:

Family/Friends

Volunteer Activities

Past Employers

Political Activity

Church Activity

School Affiliations

Who do you know that would be willing to at least listen to you and possibly invest with you?

If it does not equal around $4 million how will you bring in additional business?  Do you have soliciting experience in person or on the phone?  Are you willing to cold call?  How would you put together a list of prospects.

That is the start of a business plan.

Now, I have to put in some orders and make some money.

Thanks for the help.  I have a general idea of some family and friends who would at least consider investing with me.  However, they wouldn't likely total anywhere near $4mm.  I'm willing to cold call, but I don't feel it will bear much fruit.  So my plan will focus on attending as many networking events and volunteer group meetings as possible with designs on establishing the foundations of relationships which could result in clients and referrals (thought not necessarily immediately).  Is this undesirable, i.e., indicating that this approach may entail a longer sales cycle?

I am not involved in very many networking groups/volunteer activities at the moment, but I will indicate which specific ones I plan to join and participate in just to show I have the initiative. 

I kinda feel that if your’re going to work for a bank (hands on mgmt, low payout, limited product etc.) they should give you leads. If not go to Merrill or Smith Barney etc.



I would say call the CD list, leads from tellers and platform staff, and tag along wityh commercial lenders on appts etc.



If the bank wanted me to go “outside” the bank. I would ask them why would I work for them at the bank rather than at Merrill?