Experts' view on the Value of Business Plans

Mark Cuban: is an American business mogul, investor, the owner of the Dallas Mavericks, Magnolia Pictures, Landmark Theaters, and the chairman of HDNet (HDTV cable network). He is also a part-time participant/investor on the television series Shark Tank. Cuban was born in Pittsburgh, Pennsylvania in 1958, and throughout his childhood had explored business ideas. His first business venture involved the sales of garage bags, in order to pay for a pair of expensive basketball shoes. He attended Indiana University, where he graduated with a Bachelor's in Business Administration.

His participation on Shark Tank may be the best way to analyze his view on Business Plans. One aspect Cuban focuses on is if a need actually exists for the product/service, then if there is a market for the product/service. If available, the track record of the individual(s) seeking the investment, the financial history of the business itself, and if room for potential growth exists within the current business model. Finally, Mark would consider how his expertise would benefit the business, which would ultimately determine whether or not he would invest. If financial information is lacking, there's a very high possibility Cuban will opt out. A truly aggressive businessman.



Bobby Flay: Robert William Flay was born in December, 1964. He is a celebrity chef, reality TV personality, and restaurateur. In fact, he currently owns 12 restaurants in locations such as Las Vegas, New York, New Jersey, The Bahamas, Connecticut, Pennsylvania, and Washington D.C.

Flay is also one of the investors on NBC's America's Next Great Restaurant. On the show, investors seek the next best restaurant concept to invest millions of dollars into. The locations targeted are Los Angeles, New York, and Minneapolis.  Flay looks for the ambition, determination, and drive in the concept of the business. Elements he looks for are the marketability of the concept, the investment seeker's ability to work with a team, their leadership skills, and how unique the concept is. All these elements contribute to the success of a restaurant; elements an expert such as Bobby Flay looks for.

Source: http://en.wikipedia.org/wiki/Mark_Cuban
           http://bpexpertviews.blogspot.com/
           http://www.bobbyflay.com/bobby-flay.php
           http://en.wikipedia.org/wiki/Bobby_Flay