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Business plan help
1. Business Plan Help - Tips For Your Business Plan Financial Projections
Small Business Planning
Business Plan
Help - Tips For
Your Business
Plan Financial
Projections
2. Business Plan Help - Tips For Your Business Plan Financial Projections
Small Business Planning
For tips on simplifying business plan financial statements
that are sure to convince investors to fund your business,
click here
Business plan help is on the way. Use these tips when
you're coming up with your business plan financial
projections.
Don't make the assumption that the reader can
understand your business plan assumptions.
By the time you are finished with your projections, you will
be very familiar with the assumptions you used to
construct your financial models. A first time reader of
your business plan will not. Are you certain that you
made it easy to follow your logic?
The best projections for your business plan are well-
rounded ones.
3. Business Plan Help - Tips For Your Business Plan Financial Projections
Small Business Planning
Telling the investor that his projected return is 52.444% is
not any More impressive than saying you project a return
of roughly 50%. Many entrepreneurs come down with a
bad case of spurious exactitude when doing projections.
This seems to be a highly contagious disease.
Hold the Scenarios
Many people think that the more complex their financial
models are, and the more "what if" scenarios they
concoct, the higher their chances of being funded. A
variation of this is the business plan that has projections
seemingly for decades. Fifty pages of imaginary numbers
are not better than five. Particularly in this age when
technology is evolving so quickly, it is impossible to
accurately forecast 3 years out, let alone 7. Concentrate
instead on answering these questions: How fast are we
going to use the investor's money, when does the
company's cash flow turn positive, and what margins can
this company earn?
4. Business Plan Help - Tips For Your Business Plan Financial Projections
Small Business Planning
The Hard Truth About Software
There are a number of business plan software packages
that sell thousands and thousands of copies. Software
can be very helpful in developing financial models and
preparing projections. But they are not going to write the
narrative sections of the business plan for you, so you
may be disappointed in the results you get from using a
computer program in building your business plan. How
can the programmers of "Super Duper Hot Business Plan
Whizzo" or whatever the software is called, possibly know
how your plan should look since they have never met you
and do not know anything about your company?
Incidentally, for the average cost of these software
packages, you can take a family of four out to dinner, and
at least two of them can order dessert.
Hopefully these tips were a help for your business plan.
5. Business Plan Help - Tips For Your Business Plan Financial Projections
Small Business Planning
Do you know what should be included in your business
plan? Receive a complimentary business plan template.
Just go to Business Plan Template
For tips on simplifying business plan financial statements
that are sure to convince investors to fund your business,
click here
6. Business Plan Help - Tips For Your Business Plan Financial Projections
Small Business Planning
About The Authors Brian Hill and Dee Power have written several nonfiction books
including Business Plan Basics, "58 Ways to Find Money for Your Business, Inside
Secrets to Venture Capital" and Attracting Capital From Angels, Reach them through
The Capital Connection
Article Source:
http://EzineArticles.com/?expert=Dee_Power