How to use, and when to ignore a Business Plan.
You will read that a business plan is essential.
You will read all sorts of ways about how to prepare one.
And, as with so much on the web it is rubbish.
Fund raising.If you are trying to raise finance from a bank or outside investor they will want a Business Plan, but forget about 90% of the stuff you are told to do. You will want the:
- Executive Summary
- P&L for the last one or two periods
- Projected P&L for one, three and five years
- A schedule of what you are committing to the business.