Business Plan Help - Tips For Your Business Plan Financial Projections

Business plan help is on the way. Use these tips when you're coming up with your business plan financial projections.

Don't make the assumption that the reader can understand your business plan assumptions. By the time you are finished with your projections, you will be very familiar with the assumptions you used to construct your financial models. A first time reader of your business plan will not. Are you certain that you made it easy to follow your logic?

The best projections for your business plan are well-rounded ones.
Telling the investor that his projected return is 52.444% is not any More impressive than saying you project a return of roughly 50%. Many entrepreneurs come down with a bad case of spurious exactitude when doing projections. This seems to be a highly contagious disease.

Hold the Scenarios
Many people think that the more complex their financial models are, and the more "what if" scenarios they concoct, the higher their chances of being funded. A variation of this is the business plan that has projections seemingly for decades. Fifty pages of imaginary numbers are not better than five. Particularly in this age when technology is evolving so quickly, it is impossible to accurately forecast 3 years out, let alone 7. Concentrate instead on answering these questions: How fast are we going to use the investor's money, when does the company's cash flow turn positive, and what margins can this company earn?

The Hard Truth About Software
There are a number of business plan software packages that sell thousands and thousands of copies. Software can be very helpful in developing financial models and preparing projections. But they are not going to write the narrative sections of the business plan for you, so you may be disappointed in the results you get from using a computer program in building your business plan. How can the programmers of "Super Duper Hot Business Plan Whizzo" or whatever the software is called, possibly know how your plan should look since they have never met you and do not know anything about your company?

Incidentally, for the average cost of these software packages, you can take a family of four out to dinner, and at least two of them can order dessert.

Hopefully these tips were a help for your business plan.

Do you know what should be included in your business plan? Receive a complimentary business plan template. Just go to Business Plan Template

About The Authors Brian Hill and Dee Power have written several nonfiction books including Business Plan Basics, "58 Ways to Find Money for Your Business, Inside Secrets to Venture Capital" and Attracting Capital From Angels, Reach them through The Capital Connection

Currency Trading Systems
Asbestos Legislation
Blogging
Termidor Termite Treatment
Ford Trucks
Water Heater Repair
Blue Cross Of Ca
Live Foreign Exchange Rates
Attorney General Lemon Law
Forex Charting Software
Pest Removal
Inmotion Hosting
Copper Plumbing
Cheap Web Hosting
Organic Roach Control
Lasik Eye Surgery Nyc
Federal Student Loan Consolidation Program
Lasik Eye Surgery Problems
Ford Dealership In Tampa
Asbestos Attorney