The Skinny Business Plan
22.05.12
It may be time to put your business plan on a diet. Experts say the document doesn't need to go on for dozens and dozens of pages, include endless descriptions of your products or contain excruciatingly detailed financial projections. Instead, your business plan needs to just get to the point.
Of course, if you are trying to attract investors, you will need to furnish more details; but if the goal of your business plan is to keep you, your partners and employees on track and prepare for the future, you can trim it down to the basics.
Here, business experts tell us which business plans features are essential and which you can live without.
"There are business plans for external use, but there should also be an internal business plan that is a living, breathing document that changes with your business, " said Steven Raz , co-founder and managing partner of Cornerstone Search Group , an executive search firm specializing in pharmaceutical and biotechnology. "It can be 10 pages or less and should really be a selling document that grabs you."
Source: BusinessNewsDaily