Home » Month: January 2016

Business Plan Tip: Hold the Scenarios

Many people think that the more complex their financial models are, and the more “what if” scenarios they concoct, the higher their chances of being funded. A variation of this is the plan that has projections seemingly for decades. Fifty pages of imaginary numbers are not better than five. Particularly in this age when technology Continue Reading

Business Plan Tips Not Everyone Has a Flair for Fiction

Business Plans are essentially works of fiction–documents that talk about what you imagine or hope may occur in the future, not what has already occurred. This type of writing is difficult for everyone. You’ve heard of “writer’s block”. The problems you are having keeping the words flowing are precisely the ones faced by the great Continue Reading

Business Plan Tips: The Hard Truth About Software

There are a number of business plan software packages that sell thousands and thousands of copies. Software can be very helpful in developing financial models and preparing projections. But they are not going to write the narrative sections of the plan for you, so you may be disappointed in the results you get from using Continue Reading