Failing to
Plan is Planning to Fail.
Prepare and work from a
written plan that delineates who in the total organization is to
do what, by when. Use your business plan as a budget. If you
cannot stick to that budget, your business plan is too
ambitious...
More
Business plans are an important test
of clarity of thinking and clarity of the the business. It is important that
everyone involved in your effort has a clear understanding of your objectives. A
good plan achieves that.
Anticipating the next stage of
business growth, and planning for it, can help to minimize the surprises your
business will face. "Surprises can be great for birthdays, but potentially fatal
for businesses."
Business plan is typically designed
for either or both of the following purposes:
To establish a framework for management to use as they
pursue the enterprise objectives
To convince an investor that a capital investment in the
enterprise's business is a sound financial decision
The best way to show
bankers, venture
capitalists, and
angel investors that you are worthy of financial support is to show
them a great business plan. Make sure that your plan is clear, focused
and realistic. Then show them that you have the tools, talent and team
to make it happen (1 page guide)
Aspects of the business plan that need
special attention in the case of an e-business strategy as against a
general business strategy
(2 page checklist)
Entrepreneurs
would receive more serious consideration from VCs, angel investors, and
other potential funding sources if they realized that they are selling a
financial package to the financial marketplace, rather than their
product or service to a consumer. Your business plan is your financial
package.
(1 page)
A potential investor will initially spend only 5 minutes with your plan.
Guidelines for business plan preparation. Questions answered by business plan.
Business plan DOs and DONTs (1 page)
