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Before you start to write, you need to decide what kind of presentation you want to create Is your main goal to provide information, to tell a story In that case, your text is very important, and you ll probably want to use bulleted text in text placeholders Or suppose you really want to create an impression, a mood Perhaps you want to excite sales reps about a new product feature but will follow up with all the details on paper or your company s intranet In this case, text is less important than graphics, color, and animation You may not use any bulleted text at all Instead, you may use text boxes, AutoShapes, and WordArt This book shows both types of presentations so you can see various possibilities Once you know the goal of your presentation, you can choose the type of text you want

MOST IMPORTANT BUSINESS PLAN SECTIONS By now, you realize that your business plan had better be compelling if your venture hopes to receive funding Here s one more review of the must haves of any good business plan The Executive Summary As stated earlier, the executive summary is probably the most important section of the business plan Most potential investors don t have the time to read through a detailed plan, and therefore they read through the summary quickly to assess whether or not a venture is worth pursuing It is extremely important to make sure that this summary is clear and explicitly highlights the factors differentiating the company that is seeking capital from its competitors For example, the 20-page Amazoncom business plan was very successful at highlighting the fact that the book retailing industry averaged 27 inventory turns a year, while Amazoncom planned annual inventory turns of 70 The Management Team Jeff Bezos s first investors said, We didn t invest in Amazoncom, we invested in Jeff 10 This is a perfect confirmation of the old axiom, The investment is in the jockey, not the horse In other words, the investment is in the team, not necessarily in the idea, product, or service Experience has shown that having the right management team can usually be the deciding factor in the success or failure of a business venture Remember, the venture capitalist Bill Sutter gave management as two of the three most important things that he looks for The scarcest resource for venture capitalists today is good management A good management team can take a mediocre idea and make it successful Conversely, a bad management team can take an

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The easiest way to add text is to click a text placeholder Several AutoLayouts contain text placeholders You can always recognize a text placeholder because it says, Click to Add Text Placeholders for slide titles, which are also text placeholders, say, Click to Add Title When you click inside a text placeholder, an I-beam cursor appears, showing where the text will appear, as you can see in Figure 2-11 All you need to do is start typing The dotted border changes to a thick selection border and displays handles, which you can drag to resize the text box You can also move the entire text box by clicking the border and dragging The beauty of text placeholders is that PowerPoint formats the text appropriately for the placeholder For example, a title is usually centered and uses a larger font Bulleted text is properly aligned to the right of the bullet and uses a smaller font The design template controls

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FIGURE 2-11

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