How to Make a Great Business Plan
A lot of people may have excellent business ideas, but the successful ones are those who can turn those ideas into viable projects and get people to invest in their “baby.”
Banks and financers, however, only loosen their purse strings if they are convinced that your business idea can indeed be converted into a profitable venture. With the plight of the economy as of late, it seems the purse strings rarely are loosened – so it is even more important to convince financers of your need through a well-structured and impressive business plan.
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1 comment:
When you're building a business, don't forget to factor in creating a SELLABLE business. That's the point that's made so very well in "Built To Sell" by John Warrillow. It's a book that's been described as "John Grisham meets Jim Collins." Here's a story of a business owner who tries to sell the company -- only to find out it's un-sellable. Not a good place to be, and this book offers the kind of steps and a blueprint for turning a business into one that IS sellable, whether you want to sell tomorrow or 5 years from now, or just know that you can sell it if you want to. It's written from first-hand experience (which is the kind of advice I tend to value the most, because the person has walked the walk).
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