Key Steps to a Quality Business Plan - Page 2

Should you call in a consultant or write the business plan by yourself?

You should be the main (if not single) author of your business plan, because the business plan is, so to speak, your own "baby", it is a reflection of your personality; it is by this means that your investors will discover the person with whom they collaborate.

But your project may be too important and you may want to call in a consultant for help and consultation. Even so, you should stay in control of its development!

Tips for developing a quality business plan.

1. To be credible, a business plan must be coherent and each parameter in the business plan must be based on facts.

2. There are many methods to build business plans, but very few can help you correctly carry out reliable financial projections based on a preliminary commercial engineering and market study. Indeed, one frequent mistake when building business plans is to first define the target in terms of market share, and then try to "find" the number of customers necessary to fill these objectives! This process should be reversed.

"Key Steps to a Quality Business Plan - Page 3"

"Key Steps to a Quality Business Plan"

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"Key Steps to a Quality Business Plan - Page 3"

"Key Steps to a Quality Business Plan"

Back To The Startup Hints Front Page