Date: 04/26/13 By: PlanIt Business Team
The Situation: You need to create a financial business plan but do not know where or how to begin!
I humbly present my top 5 tips:
5. Multi-Tabular Design
I like to use different tabs to segregate different parts of the financial model in excel, otherwise the model becomes too unwieldy for review and printing purposes and overall usability ineffectiveness. Some ideas on how to structure a multi-tab financial model are:
- Cover – this is where you would title the model, date it and include any other identifiers
- Control panel – this is where you would enter the assumptions and inputs
- Revenue and expense build ...
Date: 04/08/13 By: PlanIt Business Team
If it is an effective business plan that you seek for funding, try a business plan consultant rather than a business plan writer.
Anybody can be a business plan writer. You follow a set outline or a table of contents and presto, viola…you have a business plan, right? Wrong. While this may work for an internally focused business plan, if you are seeking a business plan to find funding, you need more than a collection of words on pages. Effective business plans are built on the fundamentals of business positioning. Positioning requires the following: experience, formal business education and research. Positioning requires understanding the ind ...
Date: 03/23/13 By: PlanIt Business Team
Contrary to popular belief, business plan writing and business plan consulting are not the same thing. A business plan writer – is just that – a writer; whereas a business plan consultant can not only write a business plan but he or she can also call upon their experience and expertise to advise on business execution, strategy, marketing, sales, finances and operations. Do you see the difference? If not, please read on.
An effective business plan is much more 35 pages of well-written sentences and words. An effective business plan company does much more than write your thoughts onto paper. Rather, an effective business plan rests its contents on proven busines ...