Preparing A Business Plan

For a new business, a business plan helps improve your chance of securing financing and investment. If done properly you should basically be able to hand this document over to somebody when they buy your business and they can take over with very little of your time needed to explain things to them. Mr Malik was an executive at Siebel Systems, the customer relationship management software company that was named the fastest growing company in the US in 1999 by Fortune magazine. For example, try to imagine the impression the plan will make on your bank manager.

We feel there will be plenty of kinks to work out and by having the owners directly in the middle of the business will only bring further success. By the time you’ve reached this stage of thinking about your potential business concept, you’ll probably have a good idea of the number of people …