Business Plans of substance take time, commitment and can be costly to complete, yet most investors and potential partners prefer to see a concise Executive Summary before a full-blown Business Plan is forwarded for their review। Therefore, unlike many other business plan consultants, we often suggest a two-phased approach to developing a Business Plan। Phase I consists of an Executive Summary, or a shorter Business Plan of 7-15 pages depending on the business, a five-year annual summary Forecast, preliminary market analysis, and miscellaneous appendices. Phase II is the complete plan after investor interest and feedback.
Phasing takes on a different perspective when many businesses, particularly relatively new start-ups which need to phase their capital requirements from investors until they have established a proof of the concept or generated increased sales among other target parameters।
Keep in mind a Business Plan, like any other worthy endeavor, needs to be approached as a process.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment