Acemakers Wiki: Determining the purpose of the business plan

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Determining the purpose of the business plan

Secrets For Starting A Business > Tips For Starting A Business - Business Plans

According to Jack B. Hess, the first strategic questions to answer in writing a business plan is "Why are you developing this business plan?"

He says that some options may include:

a. To determine the feasibility of a new business venture.
b. To act as the work plan for the operations of the business.
c. To obtain debt-based capital (such as bank loans, lines of credit, etc.) for the start-up of a new business or the growth of an existing business. For this purpose statement be sure to include the specific amount of debt being requested.
d. To obtain a private placement of capital (private investors, [What is an angel investor|angels], venture capital) for the start-up of a new business or the growth of an existing business. For this purpose statement be sure to include the specific amount of equity requested.
e. To buy or acquire an existing business that is for sale. Include the name of the business and its respective asking price.

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Acemakers Wiki: Determining the purpose of the business plan

HiveWiki is a system that allows users to freely create and edit Web page content using any Web browser. Hive Wiki supports hyperlinks and has a simple text syntax for creating new pages and crosslinks between internal pages on the fly. Create Fresh Free HiveWiki Now! Home \| Edit \| Index \| Recent Changes Determining the purpose of the business plan Secrets For Starting A Business > Tips For Starting A Business - Business Plans According to Jack B. Hess, the first strategic questions to answer in writing a business plan is "Why are you developing this business plan?" He says that some options may include: a. To determine the feasibility of a new business venture. b. To act as the work plan for the operations of the business. c. To obtain debt-based capital (such as bank loans, lines of credit, etc.) for the start-up of a new business or the growth of an existing business. For this purpose statement be sure to include the specific amount of debt being requested. d. To obtain a private placement of capital (private investors, [What is an angel investor\|angels], venture capital) for the start-up of a new business or the growth of an existing business. For this purpose statement be sure to include the specific amount of equity requested. e. To buy or acquire an existing business that is for sale. Include the name of the business and its respective asking price. From Home Cached copy until 10:21:46 AM 50 hits This Page: Edit \| History This Wiki: Home \| Related To Determining_the_purpose_of_the_business_plan \| Index \| Recent Changes \| Random Page \| Search Login \| Create New Wiki \| Wiki List 1/7/2009 4:55 AM v0.61.106 ADBEFEED
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