Mentioning a board of Advisors
nothinglikeit subscriber Posts: 27
edited March 2007 in Business Planning
I`m working on the management section of my business plan. I don`t have much professional game development experience. I`ve been doing it in school but have not shipped any titles. If I`m assuming correctly investors are looking for a proven track record (read real world sales records) from management teams. Is this correct?So I`m trying to gain an edge by having local game development veterans sit on my advisory board. But If I haven`t gotten a commitments from them yet should I mention their names in my business plan? I ask because I`m thinking of adding a wish list of who I want on the Advisory Board my business plan. I would also provide information on how we`d attract them to join the team.
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Have you written the wish list yet? Have you contacted these people yet? If not, why not? Great idea to approach these people but it would be a big WIN to have them on this AB before presenting the plan to investors.
By developing relationships with the people before approaching investors you also have the advantage of the AB`s input on the plan that should help you write a better plan.
Just my $.02 worth.
[email protected] 22:30:10
That`s my original plan. I`m writing my first draft of the business plan. Since I`m in the start up phase, I am not looking for funding yet. I am using the plan as a tool to attract key personnel. IE the advisory board members.
But yes, once I can snare these people I`ll actually add them to the plan.
But that said. If I don`t have them yet. should I even leave it out of my plan until i get them.
[email protected] (Richard)