BUSINESS PLAN WRITING TIPS

Posted on November 26, 2007 | Filed Under Start-Ups

BUSINESS PLAN WRITING TIPS

A business plan gives prospective investors the facts about a concept and ability to deliver, but it also demonstrates how a problem is analyzed and solved. This is important to investors who are not familiar with management. Rewrite resumes to emphasize the skills needed to make the venture succeed.  A business plan is like a management team resume with financial projections.  An investor wants to know that the people behind the idea have the expertise to make it happen.

Give a structured and factual presentation. Even if the idea involves creativity or leading edge technology or a radically new concept, the people with the checkbooks still need a document that is full of substance, easy to read and simple to understand. In this case the rule is substance over form. That is why it is important to put time into preparation of the business plan. To write an effective business plan considers the following to improve content and presentation: Read more