 |  | | | 
 |
|  | |
|  |
|
| |
Some
Tips
Preparing a business plan will
generate a lot of thought and a lot of paper! Keep in mind, however, that the
final document is a summary of your planning process. You can always refer to
your working papers later on to substantiate a particular point. Have your key
employees and two or three impartial outsiders review the finished plan in
detail. There may be something you overlooked or underemphasized. Also a
critical review will be good preparation for your presentation to potential
investors and lenders.
Consider the Following:
-
limit the plan to 20-25 pages
-
avoid using jargon or technical terminology
-
keep it professional, not extravagant or fancy
-
maintain the focus of presenting the proposal
and the need for this business
-
avoid "making the sales pitch’ to your
reader
-
be realistic in your goals and objectives,
results, growth potential, etc.
-
address the issue of competition and their hold
on the market
-
be flexible in your strategies and
marketing...not everyone will think you have the idea of the century
-
do not bombard the plan with financial
statements...other aspects are equally important
-
assumptions do not equate projections, if you
make an assumption, back it up and be realistic
-
do not hide the risks, negatives, pitfalls of
the venture, present them professionally and find solutions and ways of
dealing with these problems should they arise, before they arise
-
plan in advance for the funding you need and
reflect that in your business plan forecast
Legal
Notice And Disclaimer
Privacy
Statement
| | |  |  | Notice |
Click HERE for interesting Did You Know facts |  |
| | | | News Flash |
NEW! Sign up for our Free Tax Tips And Traps Newsletters Click HERE
| | | |
|
|  |
|
