How should my business plan look like ?

[peterjhale]

How should your plan look?


Keep it concise
No more than 20 pages should be good enough to outline your aims and financial projections

Be realistic
Don't be optimistic. People reading your plan must see that you have done your research and analysis and you understand your business

Show a path to profitability
The most important question for anyone investing will be "when do I see a return"

Show a strong management team
It is the people in your team who are going to make a success of your company.

[james]

Peter

That's a good post - no need to write war and peace

Most people only read the front page anyway

[jakey]

In the Financials part, what do you include in the Cashflow forcast and what goes in the Profit and Loss?

[peterjhale]

hi Jakey

Almost exactly the same things - the difference between the 2 is just timing

Cashflow records actual money transactions that go in and out of your bank or cash account, whereas P&L is to account for sales and associated costs with those sales whether you have received the money or not (or paid costs or not)

It can be a complicated process - best employ an accountant going fwd

I hope I explained that OK for you ?

[jakey]

thanks for the info, i think i've got it.