M-pesa
JF-Expert Member
- Sep 4, 2011
- 602
- 151
[h=6]Business plans have changed a lot over the years. These days, theres so much that you need to take into consideration when putting pen to planning paper, so think clearly when plotting the points out.[/h]
By Craig Falck for Africa Report
Photograph: © Boyan Dimitrov | Dreamstime.com
[h=6]Your business plan document is one of the most important documents that you will draw up. It outlines your company profile, how you plan to allocate resources and most importantly, how you will identify strengths, weaknesses, opportunities and threats and then deal with each one. There are a couple of rules to follow when drawing up your business plan.[/h] [h=6]You need to take into consideration who is going to read your business plan. If youre applying for a business loan, you will need to provide the financial institution youre applying to with your businesss financial status, so youll have to include information like cash flow, stock held, where your business has invested its money and any other bits of information that will give the finance firm a clearer indication of your money matters. If its for a partner or investor, you will need to include the above financials as well as the investor requirements so that they know what theyre getting into. You shouldnt include contractual stipulations and finer details they should be discussed at a later stage and in contracts.[/h] [h=6]Dont give away too much information about your business. You need to remember that this is a brief (but informative) document the people reading it will want relevant information without unnecessary clutter and rambling. Give them what they want. Sometimes its easier to do it in point format give each section an appropriate heading (e.g.: strengths, weaknesses, opportunities, threats, services and products) and then list out information below each. This will make it easier to both write and read.[/h] [h=6]Ask your accountant or financial officer to assist you. Theyre in the business of making sure that businesses comply with the law as far as financials go, so they will be able to assist you with the most accurate figures on your business. They will also have business plan templates that they can enter your information into and give your business plan a neat and professional appearance in minutes. The most important thing is that they will be endorsing your plan. This will show whoever youre presenting your business plan to that the information in the document is accurate and has been approved by a financial officer.[/h] [h=6]Your business plan is an important piece of paper. It basically contains all the information about your business on a couple of pages. Compile it properly and you could be documenting your path to business success.[/h]source: http://www.africareport.com/business-assistance/2011/11/07/rules-to-follow-for--your-business-plan/
By Craig Falck for Africa Report
Photograph: © Boyan Dimitrov | Dreamstime.com
[h=6]Your business plan document is one of the most important documents that you will draw up. It outlines your company profile, how you plan to allocate resources and most importantly, how you will identify strengths, weaknesses, opportunities and threats and then deal with each one. There are a couple of rules to follow when drawing up your business plan.[/h] [h=6]You need to take into consideration who is going to read your business plan. If youre applying for a business loan, you will need to provide the financial institution youre applying to with your businesss financial status, so youll have to include information like cash flow, stock held, where your business has invested its money and any other bits of information that will give the finance firm a clearer indication of your money matters. If its for a partner or investor, you will need to include the above financials as well as the investor requirements so that they know what theyre getting into. You shouldnt include contractual stipulations and finer details they should be discussed at a later stage and in contracts.[/h] [h=6]Dont give away too much information about your business. You need to remember that this is a brief (but informative) document the people reading it will want relevant information without unnecessary clutter and rambling. Give them what they want. Sometimes its easier to do it in point format give each section an appropriate heading (e.g.: strengths, weaknesses, opportunities, threats, services and products) and then list out information below each. This will make it easier to both write and read.[/h] [h=6]Ask your accountant or financial officer to assist you. Theyre in the business of making sure that businesses comply with the law as far as financials go, so they will be able to assist you with the most accurate figures on your business. They will also have business plan templates that they can enter your information into and give your business plan a neat and professional appearance in minutes. The most important thing is that they will be endorsing your plan. This will show whoever youre presenting your business plan to that the information in the document is accurate and has been approved by a financial officer.[/h] [h=6]Your business plan is an important piece of paper. It basically contains all the information about your business on a couple of pages. Compile it properly and you could be documenting your path to business success.[/h]source: http://www.africareport.com/business-assistance/2011/11/07/rules-to-follow-for--your-business-plan/