![]() ![]() Your plan should illustrate the timings for when profits become viable, and cash is positive. Many profitable businesses fail because they run out of Working Capital or cash. Once you’re close to completion, ask friends or colleagues to read your document and financial projections. In addition, any new business entering a market for the first time has to display clear benefits of how they satisfy their customer needs. You should demonstrate a clear understanding of your customer demographics and market potential. Place each section in the right sequence.Spelling and grammar should be error-free.Use a consistent style and font throughout.Therefore, you should produce what they’re expecting. They expect a professional document that follows a prescribed format. Format Your Document Professionallyīanks and investors review hundreds of plans each year. ![]() ![]() If you’re seeking a loan, show how the money is being used to accomplish your objectives. There’s nothing worse than over-optimistic revenue and profit projections that are unlikely to be achieved. Add material that provides additional detail to some sections as an appendix. You should be concise but ensure all critical sections receive a comprehensive analysis. People do not want to wade through pages of words that add little to the core purpose of your strategy. Once you’re ready to start, using the tips below should improve your chances of producing a credible document that you can use to drive your ideas forward. ![]()
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