Photo Credit : April Belle Photos
Monique Idlett –Mosley stands on her own and in my opinion, a woman of business ingenuity.To the world she maybe simply known as mega- producer Timbaland, but she is so much more than that. Mrs. Idlett-Mosley is currently the Co-President of Mosley Music Group, executive for Gucci’s Chime For Change organization and co- founder and executive director of the Always Believing Foundation. Before she achieved these heights, she was the publicist for Kanye West, T.I and Timbaland (pre marriage). In addition she developed sales and marketing campaigns for Burrell Communications, Verizon, Turner Networks, and Motorola just to name a few.She recently graduated from the MBA program at George Washington University and now she is venturing into the area of angel investing through the Star Angel Network. She states, “…it provides me with the opportunity to support new and innovative companies that are eager to make their mark on the world.”[1] Her recent investment is Bespoke Post, a shopping club that offers clothing, shoes and grooming utensils specifically for men. One of the key components that Mrs. Mosley looks for is innovativeness, discipline, portfolio diversification and holistic approach to their business. Some other factors that she looks for the overall ability to sell the vision to anyone. The qualities are imperative for the business she is looking to invest in because the network of investors arehigh profile clients in the sports and entertainment business that require meticulous details about the business that will guarantee 10 times the return. She would rather invest in a small company that shows steady potential growth than a one- hit wonder, therefore all these qualifications need to be met for any business plan to be presented.
Click this link to learn more about the Star Angel Network.
Photo Credit: InspiretheEntrepreneur.com
Every potential business owner should be watching the television show Shark Tank on ABC. If you haven’t seen it then you absolutely need to catch up.Barbara Corcoran is well- known for transforming a $1,000(equivalent to $5,000) loan into $5 million dollars through real estate investments. Before she became this majorbusiness figure she graduated for St. Thomas Aquinas College with a degree in Education, after which she worked briefly as teacher. The loan that she received from her boyfriend at the time helped her form her own real estate company. She eventually sold for $66 Million dollars to a large corporation called NRT.She has authored books about her experience such asIf You Don't Have Big Breasts, Put Ribbons on Your Pigtails and Shark Tales: How I Turned $1,000 into a Billion Dollar Businessher knowledge of the business world is considered to be profound.
According her standards a great executive summary is the key component to any business plan because most investors will not read the entire plan, so it imperative to command attention with a compelling summary. This includes the “who, what, when, where, why and how”, all these questions should be answered in the summary.If the investor does decide to read through the plan, ensure that the financials are honest and include potential statements with credible references to demonstrate that the potential business owner has realistic probabilities. Another key element in a business plan is expressing the potential risks, if the plan is devoid of risk, the investor could lose confidence in the plan. A company snapshot provides a general rundown of the company and all the associated risks; this makes it easier for the investor to assess whether or not he/she is interested.However, one common mistake that business owners make is exaggerating the worth of the company. This blunder can be avoided if the proper research is conducted, and by citing potential revenue is the company should apprehend the entire market[2]Click this watch an episode of Shark Tank here .
I hope the tips from these experts will help formulate a great business plan that will land you an audience of your favorite entertainer and interested investors.[1] Interview with Alley Watch http://www.alleywatch.com/2013/06/angel-profile-monique-idlett-mosley-with-erica-minnihan/[2] Steve Burhoe's Business Expert Blog http://bpexpertviews.blogspot.com/search?q=shark+tank