Financial Planning : Perhaps one of the most important parts of any business plan is the financial plan. You need to make some forecasts of revenue and expenditure over a period of several years. You can then estimate when you will reach a break even point and how much profit will be possible in the future. Set out anticipated monthly cash flows in a spreadsheet program on your computer. As businesses often don't grow as fast as their owners expect them to you should outline several scenarios. One scenario can show your expected outcome, one can show a more optimistic forecast and the third one can show a worst case scenario.
Now that you realize its importance, the next thing that you should start working on is learning how to make one. But before you have the urge to get your computer going and start writing, here are the qualities of a good business plan that you have to keep in mind.
PlanWriter: PlanWriter helps you complete your plan with their wizard that guides you through the entire process. With a complete library of samples and three version of the software to choose from PlanWriter gets top billing from many reviews including Newsweek.
Business Plan Pro: With 500 plus templates and two versions to choose from Business Plan Pro is always a favorite among the reviews. The software has been top rated for the past ten years and has even been feared in the Wall Street Journal. They have over one million happy customers to show for their 15 plus years and their software is some of the most user-friendly you will find.
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