Business plan – why need a business plan. Business planning, cost efficiency, risk analysis. In practice, even very common that new businesses are started without a business plan. That is, no, that once a initially plan their business on paper, begin to implement their projects with their heads once in life. Therefore, the Europeans have created a special structure of the standard business plan for countries such as ours named UNIDO.
This is the most simplest form of business plan. After reviewing several sites that teach writing business plans, and in the very method in the first place, the first section put a resume. Although the logic should be summarized at the end of the work, summarize, okay if the standards are prescribed, it means that a summary is in the beginning. For what need a business plan. Yes, a well-written business plan can not ask for money only from the bank, but also look for an investor. Business plan, its main part, a financial plan. Let's see advertising business plans on the Internet – make up business plans, such a price. So, you as the leader of the organization, hire the consultants that make up your business plan and you are satisfied go to the bank for financing.
Bankers are not stupid people, know how to count money, check out your business plan, counted, and based on calculations conclude – to give you money or not. For even more analysis, hear from Daryl Katz. And if you go, for example, the private investors who do not understand what the internal rate of return, you will be able to explain to him that the project investment is attractive? All the more so to calculate the net present value, gross profit, period payback – this for a good business plan is not enough. I often hear that the business plan – it's all on paper but in real life work is unknown.