Like in most specialized industries, there are a number of individuals and firms that can assist you with getting what you want. In regards to the 7a SBA loan, there are a number of specialized advisories and "loan packagers" that can assist you with putting together the necessary document to secure the financing that you are seeking. However, the SBA has recently cracked down on firms that offer this type of service because of the extremely high fees often associated with their services. In regards to securing a 7a SBA loan, no fees related to the firms' ability to raise capital can be levied. At the time of closing a bank may charge a certain fee (please see our previous article regarding closing fees related to SBA business loans), but they may not charge bonus points or closing costs outside of what is regulated by the Small Business Administration. Any firm that holds themselves out as a company that specializes in SBA loan packaging must only charge a straight fee for their service regardless of whether or not they are successful in securing your business loan.

Then explain your idea for the partnership briefly and specifically. Tell them you are planning (insert your idea), you will need them for X number of minutes via telephone. If they are interested, you will send them more specific information on a time and date to meet.

It is important that you know a little about this potential partners, what services they deliver, what is missing, what you are doing that is complimentary to them, what they could be looking for in a partnership.

Some of the things you and your prospective partners may be looking for in a partnership are: increased exposure; recognition; new clients; a way to reach your new target audience; a way to expand the services you offer to your clients; attract new prospects; streamline your operations; strengthen your brand.

Partnerships can take many forms. Some ideas for partnerships are: sponsorships, presence in newsletter, interviews, hold a joint workshop, joint presentations at a conference, write an article, business advisory committee, join a mastermind group, form a mastermind group, promote your suppliers, get bonus gifts from key players in your industry, approach charities to become sponsors of your business, use an incentive plan for your key team members, ask your friends and family for help, request referrals, private label some of your materials, or appreciation gifts, and partnering with your clients to provide even better services.

ast but not the least, your business plan should have an exit strategy. Not every start-up is successful but a well planned exit strategy can definitely mitigate the financial pains of the failure. Look at exit strategy as "worst case".what happens if the worst happens, how do I get out, what do I do... Having said all that let me also tell you that exit strategy is not always made for worst case. A lot many of us are serial entrepreneurs, who love to start a new business but we do flirt with many more ideas and may decide to start another business, or may not want to continue with the existing business for any given reason, what happens to the business then, how does one get out of it, sell it, partner with someone what? That's your exit strategy.

In my opinion, this is the most economic and realistic approach to write a business plan and not an off the shelf software which will give you a me-too business plan which to me is of no use as neither am I convinced nor can I convince any investors with that kind of auto-generated plan.

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