A Business Plan is the expressed master guide for a business'
success.
It is an active blueprint that integrates the venture's marketing,
operational and financial assumptions.
A Business Plan and a Financial Proposal are closely related.
In fact, a good business plan, updated periodically, makes
the most powerful proposal a small business can have.
A logically arranged and reasonably complete business plan
and financial proposal will:
Fulfill the need
for business analysis and formulation of a strategic vision
for the company;
Present a set of
financial forecasts based on rational assumptions about
the future and the business experience of
the managers of the company and the authors of the plan;
Provide a tool
for measuring and improving performance and a basis for
sound decision making;
Set budgeting guidelines,
— including a working capital budget and a break-even
analysis of the particular business;
Help determine
the amount and kinds of financing most appropriate for the
specific business;
Give financing
sources specific and persuasive information about the particular
business opportunity to be pursued, —
information they need to make swift, accurate and helpful
decisions.
Plan lengths vary. A business plan such as above, even for
a modest start-up looking for some $100,000 in seed capital,
may need some 20 pages; and a plan for a major venture requiring
investment in facilities could go to 40 or 60 pages.
But, whatever its length, a business plan should be well written,
to the point, logically structured, complete, clear, and accurate.
The preparation of a Business Plan enables the entrepreneurs
to: --- focus strategic thinking --- eliminate unneccessary
risks --- and increase potential for business success.
Business survival statistics show that 90% of all new businesses
fail. Our experience shows that this is a direct result of
the failure to plan. We will assist you to be well planned
so you can become one of the 10% who succeed!
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