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Old 20th April 2010, 05:05 AM   #11
fundbusiness
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Thanks for the great tips you posted in this forum. They are quite concise and highly informative.

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Old 3rd May 2010, 07:52 AM   #12
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Not sure about this idea. Industry analysis shall be just equally important with other parts of a business plan. I would start from financials. After all, all the stuff at the narrative part is intended to argue your numeric forecasts (where is the cash!).

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Old 8th May 2010, 01:25 PM   #13
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Before I start writing the business plan I should have done all of the homework relative to the industry, the market, the headcount commitment, the profitability, the capital costs etc...

Therefore when I prepare business plans I start with the writing of the executive summary. If I start with the executive summary I will cover all of the important points of the business plan to which I already did the research and it helps set the tone for the rest of the plan. However, keep in mind, just because I started the business plan with the executive summary doesn't mean I can't go back to it and fine tune it if I should learn something new about the industry or market.

and; remember, the executive summary is the most important part of the business plan and is likely the only section a potential investor reads! Even if a potential investor is interested in your plan and invite you for a presentation the executive summary is still probably the only section they read!

Read this PowerPoint presentation from a successful angel investor about the importance of an Executive Summary and to write it first.

http://www.boston-enet.org/may10mtg/fox.pdf

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Old 8th March 2011, 02:20 PM   #14
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Thanks for sharing a lot of the business plan advice so far on this thread. My friend is starting a business and has really struggled writing his business plan. The details and the research felt very overwhelming to him. He perked up and got excited after he read this blog post: What makes a good business plan?

I'll share with him the article from this thread as well.

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Old 29th May 2011, 04:29 PM   #15
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Default helpful site for analyzing and writing that business plan

Theres a great site that helps you analyze your business / market area and even has a business plan writing tool to help you get started. www.marketrolemodel.com - check it out, its free and tons of great info / support for small biz.

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Old 2nd November 2011, 06:20 AM   #16
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Quote:
Originally Posted by joshuao View Post
Theres a great site that helps you analyze your business / market area and even has a business plan writing tool to help you get started. www.marketrolemodel.com - check it out, its free and tons of great info / support for small biz.
If you know your target and little bit knowledge how to write business plan then you don't need any business plan writing tools. First complete the research on your idea and place where you implement the idea, set your goals, targeted peoples and the most important thing is financial planning

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Old 10th November 2011, 02:44 AM   #17
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Quote:
Originally Posted by DavidMort View Post
I agree with this poit, indeed, proper planning and analysis can give you full picture of this or that sphere, only in this case you may expect some visible results

Just to add I think the secret to this also is to read, read and read. Read articles about proper planning and search for forums that talks about the topic.

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Old 16th December 2011, 11:55 PM   #18
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The tips you've shared is really helpful, thanks for sharing these tips.

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Old 18th December 2011, 10:52 AM   #19
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Default helo!

That was a very informative read! I am a strong believer in the importance of business plans. As Greg said it is a little like your personal Gps. Without it is easier to get lost in the day to day running of your business and ultimately not grow and thus not fulfil your business' potential. Greg sounds quite knowledgable; i should invest in his book!
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Old 22nd December 2011, 03:21 AM   #20
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Hey,
Business plan is something really important for the organizations to write. These tips are really useful. Thanks for sharing

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