Many people ask how many graphs or charts they should have in their business plans. As with most other business planning questions, the answer is it depends . This article discusses the key factors influencing the number of graphs and charts to include in your business plan. To begin, the key point to consider in developing your business plan is the time restraints of your … [Read more...] about How to Use Graphs and Charts in Your Business Plan
Business Planning
How to Create a Bulletproof Mission Plan
In this exercise, you will work through a mock mission plan related to either your business or personal life -- for example, to launch a new product, service, or venue, or to lose weight. Part 1: Select a Target that FITS Use the FITS process (Fit, Importance, Timing, and Simplicity) to analyze your potential targets (which should all be SMART goals, as we'll discuss under … [Read more...] about How to Create a Bulletproof Mission Plan
Basics of a Business Plan
The best way to show bankers, venture capitalists, and angel investors that you are worthy of financial support is to show them a great business plan. Make sure that your plan is clear, focused and realistic. Then show them that you have the tools, talent and team to make it happen. Your business plan is like your calling card, it will get you in the door where you'll have to … [Read more...] about Basics of a Business Plan
How to Maintain Your Business Plan
A business plan is not a one-time document, at least it shouldn't be. Most businesses put together a business plan during their start-up phase to organize, attract partners and employees, and try and get a loan or financial investment. This is a great use of a business plan, however far too often once the company has started up the plan isn't touched again. Ultimately, a … [Read more...] about How to Maintain Your Business Plan
8 Common Business Plan Mistakes
Often you may hear about what a business plan consists of. While including the necessary items is very important, you also want to make sure you don't commit any of the following common business plan mistakes: 1. Putting it off. Don't wait to write a plan until you absolutely have to. Too many businesses make business plans only when they have no choice in the matter. … [Read more...] about 8 Common Business Plan Mistakes