Writting a Business Plan

[JGOffshore]

Well, isn't it a good advice? Or you just heard that they are from workshop and start criticising them on that basis?

Having quality assessed many business startup workshops - for the funding organisations - I do have a rather poor view of most of them. As to the advice given here perhaps I'm responding to what you said rather than what the presenter said. If he was advising that you shouldn't pad out a business plan with unnecessary infor yes but if you need to have a plan of 20, 30, 40 or more pages then that is what you need. To try and say, as someone else seemed to be saying, that the automatic reaction of a lender getting a 20 page business plan would be to bin it is just plain wrong.

 

[psanghani]

The executive summary in the business plan is a brief description of your business idea and estimated turnover. If you are looking for a bank loan, funding or a grant specify how much you think you need and what for. executive depending on your business idea and the complexity involved, you can include the following in your executive summary:

What you are going to do: your mission
How you are going to do it
Where you are going to do it
When you are going to do it
Why you are going to do it
How much money you think you will make
How much money you need to set up

Executive summary is first part of your business plan and you can come back to it once you have finished the rest of the plan. This is the first page a potential investor or funder will look at e.g. A Bank manager looking into your loan application will look at the executive summary first to get to know briefly about what the applicants idea is and what he/she is capable of and most importantly how much money is needed and how much money the applicant can make. Although the above points must be explained in detail within the rest of the business plan the executive summary will give funders a picture of your idea and how you are going execute it, before reading the rest of the plan.

 

[saxondale]

The executive summary in the business plan is a brief description of your business idea and estimated turnover. If you are looking for a bank loan, funding or a grant specify how much you think you need and what for. executive depending on your business idea and the complexity involved, you can include the following in your executive summary:

What you are going to do: your mission
How you are going to do it
Where you are going to do it
When you are going to do it
Why you are going to do it
How much money you think you will make
How much money you need to set up

Executive summary is first part of your business plan and you can come back to it once you have finished the rest of the plan. This is the first page a potential investor or funder will look at e.g. A Bank manager looking into your loan application will look at the executive summary first to get to know briefly about what the applicants idea is and what he/she is capable of and most importantly how much money is needed and how much money the applicant can make. Although the above points must be explained in detail within the rest of the business plan the executive summary will give funders a picture of your idea and how you are going execute it, before reading the rest of the plan.

would you advise brevity?

 

[Gillie]

You do realise of course that we are going to get a full point by point synophsis of this business plan ...

And can I just say, that a Bank Manager is not the person who gets to read it first time - you might be lucky with a senior clerk ... be aware of that!

 

[psanghani]

what do you mean by brevity???

 

[psanghani]

And can I just say, that a Bank Manager is not the person who gets to read it first time - you might be lucky with a senior clerk ... be aware of that!

The bank manager was just an example it can suitable for anyone else also a potential investors

 

[Dawg]

I suggest you learn how to put

at the start of quotes, you irascible little minky boy.

 

[banksie]

JGOffshore: Thanks for the link in your earlier post. Most useful. It seems to me that there is no simple answer to what makes a good business plan - it all seems to depend on what you are trying to achieve at the end of the process.

 

[MASSEY]

I suggest you learn how to put

at the start of quotes, you irascible little minky boy.

Your a sarci one you ent ya