003 Business Plan Sections – Chereee Warrick
The topic for this episode of Business Side of Business discusses why a business plan can be important to to a business owner and what each section can do for you! Cheree Warrick of The Profit Partner discusses why a business plan is so beneficial for a company. Going beyond the need for cash, the show highlights how each section can focus a business owner and really better prepare them to take advantage of every opportunity that may come their way. Cheree breaks down what each section of your plan should contain to ensure anyone reading it know what your business is about and what they can expect from your company’s performance.
Listeners Get: if you go to The Profit Partner’s Home Page you can download the referenced Top Ten Hidden Places to Find Capital List.
More about Cheree Warrick and the Profit Partner:
Cheree Warrick as the CEO of The Profit Parnter writes business plans and creates financial forecasts for companies seeking funding from banks and angel investors. During her 5 tenure at a national government contracting firm, Ms. Warrick was influential in helping the company grow from $50 million in annual revenues to $200 million. She set up the company’s pricing models for all RFP (Request for Proposal) responses, prepared the company’s annual budget and summarized all budget-to-actual results on a monthly basis.
In 2009, the entrepreneurial bug bit her and she decided to leave the corporate world to join her family’s bookkeeping business. During her tenure there, she assisted the company in serving over 35 clients in 22 industries. Her responsibilities included preparing monthly financial statements, producing annual budgets, and corresponding with CPAs in the preparation of corporate and personal taxes. As the company grew, management decided to seek bank financing for business expansion. The President of the Bank said Cheree’s business plan was one of the best he’d ever read. After receiving that compliment, Cheree decided to learn as much as she could about how companies position themselves to receive business financing.
Cheree’s goal is to help over one thousand companies receive over $1Billion in financing. She authored a book to help business owners understand exactly what investors want to know before making a commitment. The book and her strategies are praised by numerous angel investors and commercial bankers including Barbara Corcoran of the hit TV show Shark Tank and Valerie Gaydos – founder of the Angel Venture Forum of D.C.
Cheree holds a Bachelors degree in International Business from American University and a Masters degree in Finance from George Washington University.