Business planning is more than just creating a roadmap or preparing for financing. It relates to attracting top talent, looking for prospective investors, competing for large contracts and presenting a credible face to prospective suppliers, strategic alliance partners and more?
A well-constructed business plan is useful for other things besides raising money. It’s a way to inspire confidence in your venture—you can use it as a selling mechanism for any number of things. You’re selling the company when you hire top executives and others, if you’re trying to get involved with a major corporation in any ongoing relationship, etc. In those cases, the plan offers a form of credibility enhancement.”
A plan can consist of a variety of trade secrets and or proprietary information – ensure it is correctly protected. Choose carefully who you want to read the plan and how much information they may need. The point is to be able to give people a sense of your strategic direction and the process you follow in optimizing your product or service. It’s typically a good idea to gauge what you’ll show anyone to a specific circumstance. For example, you may not want to show someone with whom you’re developing a strategic alliance what your sales plan might be, especially if they’re in any way considered competitors. Or you may not want to divulge your financials to a prospective new hire.
For example; if you have a new restaurant concept or restaurant start up, remember that your idea can be copied. For this type of plan you may be well advised to hire professional, restaurant business plan writer, who can guide you through the restaurant funding maize, and protect your idea or new concept. Restaurant consultants are not necessarily cheap.
From India, Ahmadabad
A well-constructed business plan is useful for other things besides raising money. It’s a way to inspire confidence in your venture—you can use it as a selling mechanism for any number of things. You’re selling the company when you hire top executives and others, if you’re trying to get involved with a major corporation in any ongoing relationship, etc. In those cases, the plan offers a form of credibility enhancement.”
A plan can consist of a variety of trade secrets and or proprietary information – ensure it is correctly protected. Choose carefully who you want to read the plan and how much information they may need. The point is to be able to give people a sense of your strategic direction and the process you follow in optimizing your product or service. It’s typically a good idea to gauge what you’ll show anyone to a specific circumstance. For example, you may not want to show someone with whom you’re developing a strategic alliance what your sales plan might be, especially if they’re in any way considered competitors. Or you may not want to divulge your financials to a prospective new hire.
For example; if you have a new restaurant concept or restaurant start up, remember that your idea can be copied. For this type of plan you may be well advised to hire professional, restaurant business plan writer, who can guide you through the restaurant funding maize, and protect your idea or new concept. Restaurant consultants are not necessarily cheap.
From India, Ahmadabad
Another great way to manage a business for profit, is to build a sellable business. Great, great book on how to do this is "Built To Sell," by John Warrillow. This book is about how to create a sellable business (not how to sell a business.)
I picked this author for a few reasons:
1. The author has sold a business (former company, Warrillow & Co.) and speaks from personal, first hand experience.
2. For every copy of this book purchased from Built To Sell <link updated to site home> ( Search On Cite | Search On Google ) , he will make a $25 loan to an entrepreneur in the developing world through an organization called Kiva.org. (cool!)
3. The book is as readable as a John Grisham novel and as valuable as a Jim Collins book.
From United States, Hebron
I picked this author for a few reasons:
1. The author has sold a business (former company, Warrillow & Co.) and speaks from personal, first hand experience.
2. For every copy of this book purchased from Built To Sell <link updated to site home> ( Search On Cite | Search On Google ) , he will make a $25 loan to an entrepreneur in the developing world through an organization called Kiva.org. (cool!)
3. The book is as readable as a John Grisham novel and as valuable as a Jim Collins book.
From United States, Hebron
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Business Plan.ppt
Succession Planning in Family Business.pdf