BMDD Startup Guide

Page 16

Tips on Writing the Business Plan 1. Do your research first. Gather all facts before starting to write. 2. First write the projected cash flow, income statements and balance sheet. 3. Write the Executive Summary last. 4. Compose each major topic as a separate chapter. If you need to make revisions or expand a chapter later, the entire plan will not have to be retyped, just a chapter. 5. Resumes or lengthy support data may be placed at the end of the plan under Exhibits. 6. Any exhibits should be referenced in the body of the plan. Clearly label and number each exhibit. 7. Show page numbers on each page of the plan. 8. Before finalizing your plan, have it reviewed and critiqued by your attorney, accountant, banker, etc. Make any necessary changes. 9. After typing the final version of your plan, proofread it very carefully. One decimal point can make a difference. 10. Bind your plan in a high quality folder. Make it look professional. 11. Keep a log of who received a copy, the date and any specific comments made.

Tips on Writing the Business Plan | 13


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.