Wednesday, August 22, 2012

10 Tips to Write Great Business Plans

Writing a Business Plan is the first step to a start-up. The 10 points given below is an easy to follow approach to write a business plan.

1. Plan the story well: It should tell a story to the investor. The flow of the plan and the highlights should be brought out well to ensure that the investor finds the flow interesting.

2.The investor looks at numbers: Have you done your number crunching well. Any investor will look at income and expenditure numbers and the forecast for 5 years.

3. Pictures speak more than words: Graphical information on important statistics and numbers are important. It gives a clear picture to the investors. Derive graphs from financial numbers and embed it in the document.

4. An ideal Business Plan should be around 40 pages with the key sections as Non Disclosure agreement, Table of Contents, Foreward, Executive Summary, About the Company, The Market, Financials and SWOT Analysis

5. The components of the Financial Plan should include Key Financial Figures, Assumptions, Analysis factors, Investment Criteria and Financial Requirement.