Plan your loan: It should be considered carefully:
1. What is the use of the loan?
2. How much interest can be given?
3. Payment period.
4. When is the payment?
5. What payment methods will be?

Prepare a letter to the lender: It’s always better to follow up a loan with a letter. The letter contains a summary of the loan and the desired loan proposal with a good style and professional. Formal letter like this can also be used as a cover letter when sending business plans to acquaintances who are interested.

Once we have a good business plan, it is time the business plan presented to the target investors. There is what we call the “Elevator Speech” and also called “Kitchen Table Pitch”.

Elevator Speech: We only have 20 seconds to say the purpose and objectives of the proposal. Therefore, the presentation must be concise, clear, and focus to the goal.

Kitchen Table Pitch: Normally when we eat in the dining room, the condition is always formal. Well, if eating at the kitchen table, usually relax and informal. In the context of relatives, close friends/relatives and acquaintances, informal approach may be better used.

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