Action Plan for Compiling Business Angel and HNWI List

Action Plan for Compiling Business Angel and HNWI List
This document outlines a comprehensive action plan and timeline for compiling a list of 500 business angels and high-net-worth individuals (HNWIs) over a period of 5-6 months. The plan includes detailed phases for preparation, data collection, verification, and result presentation, with a focus on accuracy and systematic approach.
Project Overview and Timeline
The estimated completion time for this project is 5-6 months, depending on the level of detail required for each investor. If the selection criteria are minimal (brief analysis), this timeframe could be shortened to 3-4 months. The project aims to compile a comprehensive list of 500 business angels and high-net-worth individuals (HNWI) for fundraising efforts.
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Phase 1: Preparation and Criteria Definition
Duration: 1 week. This phase involves defining goals and selection criteria, selecting and preparing information sources, and developing a data collection template.
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Phase 2: Data Collection and Verification
Duration: 3-4 months. This phase includes initial data collection of 100 business angels and HNWIs, followed by ongoing data verification and updating.
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Phase 3: Finalization and Presentation of Results
Duration: 1 month. This final phase involves data cleansing and segmentation, final report preparation, and presentation and handover of results.
Phase 1: Preparation and Criteria Definition
1.1. Defining Goals and Selection Criteria
Duration: 1-2 days. Objective: To determine the criteria for selecting business angels and HNWIs (location, industry, investment amount, market activity, and other characteristics). Actions: Conduct internal discussions with the team to align on criteria. Finalize and approve the list of criteria and parameters for data collection.
1.2. Selecting and Preparing Information Sources
Duration: 2-3 days. Objective: To identify and prepare information sources for finding candidates (databases, specialized platforms, professional networks). Actions: Choose platforms and databases (e.g., Crunchbase, AngelList, LinkedIn, and others). Set up access to necessary resources and tools for data collection.
1.3. Developing a Data Collection Template
Duration: 1-2 days. Objective: To create a template for systematically collecting and storing information. Actions: Determine the key fields for data entry: name, contact details, industry, investment amount, market activity, etc. Create an Excel template (suggested to be stored on a cloud drive to facilitate collaborative work if needed).
Phase 2: Data Collection and Verification
This phase is crucial for building a reliable database of business angels and HNWIs. It involves two main steps:
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2.1. Initial Data Collection
Duration: 1 month. Objective: To compile a preliminary list of 100 business angels and HNWIs based on selected sources. Actions: Work daily with a specific set of sources (approximately 5-10 names daily). Enter the collected data into the prepared template, filling in all necessary fields.
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2.2. Data Verification and Updating
Objective: To review and refine the collected data, eliminating duplicates and outdated information. Actions: Verify contact details, market activity, and other important parameters for each candidate. Update information through additional sources and revise the list as necessary. Aim to verify about 5-10 entries daily, ensuring a clean database by the end of the week.
Phase 3: Finalization and Presentation of Results
The final phase of the project focuses on refining the collected data and presenting it in a usable format. Since the client will have access to the database, updates can be presented as the information is gathered. This phase consists of three main steps:
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3.1. Data Cleansing and Segmentation
Duration: 2-3 days. Objective: To perform a final data review and segment the list based on relevant criteria (geography, industry, investment size). Actions: Remove any remaining duplicates or incorrect entries. Segment the list into categories for easier use in fundraising efforts.
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3.2. Final Report Preparation
Duration: 2-3 days. Objective: To compile a final document with the work results, including a detailed list of business angels and HNWIs. Actions: Format the data into a final, presentation-ready format (Excel, PDF). Review formatting, readability, and accuracy.
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3.3. Presentation and Handover of Results
Duration: 1-2 days. Objective: To prepare and present the list to the team or interested parties. Actions: Conduct a meeting or presentation to discuss the results. Deliver the final list to the relevant stakeholders and address any questions.
Monthly Action Plan
Week 1
Define selection criteria and goals (2 days), Select sources and prepare tools (2-3 days), Develop the data collection template (1-2 days)
Week 2
Initial data collection (5 days), Review the quality of the collected data at the end of the week
Week 3
Data collection (3 days), Data cleansing and segmentation (2-3 days)
Week 4
Data collection (3-5 days), Review the quality of the collected data at the end of the week
This plan will ensure a systematic and effective process for collecting and processing data, enabling the creation of a precise and up-to-date list of business angels and HNWIs, which will play a crucial role in your fundraising efforts.
Additional Considerations
Since my primary work is in investment consulting, I fully understand the importance of accurate and validated information for this task. Therefore, I've outlined approximate timeframes in my plan. It's also essential to clearly define the specific categories of interest when setting the task (investment country, priority industries, investment amounts, financing conditions). Additionally, I will need detailed information about your projects to perform this work effectively.
Accuracy
Ensuring accurate and validated information is crucial for the success of this project.
Flexible Timeline
The timeframes provided are approximate and can be adjusted based on specific requirements.
Specific Categories
Clearly defining categories of interest is essential for effective data collection and analysis.
Project Details
Detailed information about your projects is necessary for effective execution of this task.
Communication 
 Wishing you success and a great day.
Best regards, Vitalii Drut

	Week 1	Define selection criteria and goals (2 days), Select sources and prepare tools (2-3 days), Develop the data collection template (1-2 days)
	Week 2	Initial data collection (5 days), Review the quality of the collected data at the end of the week
	Week 3	Data collection (3 days), Data cleansing and segmentation (2-3 days)
	Week 4	Data collection (3-5 days), Review the quality of the collected data at the end of the week