Business Plans Bristol

Most business plans are dull, badly written and frequently only read by the most junior of people in the financing organisation. Follow these steps to make your business plan stand out from the crowd.
Towers Perrin
0117 984 4500
12 20 Pritchard Street
Bristol
Emmott Solutions Ltd
0117 924 7727
75 Sefton Park Rd
Bristol
Bristol Eastside Traders
0117 916 6421
Brunswick Court Brunswick Square
Bristol
No.4 Clare Road (Management) Ltd
0117 924 6169
4 Clare Rd, Cotham
Bristol
MRC Ltd
0117 942 9008
42 Cornwall Rd
Bristol
Austin Business Consultants Ltd
0117 907 5919
133 Sommerville Rd
Bristol
Bridge Consulting Partners
0117 904 6923
69 Arley Hill
Bristol
Inperspective
0117 914 3807
6 Burghley Road, St Andrews
Bristol
Michael Page Consulting
0117 95 86 123
36 Baileys Mead Road
Bristol
B.M.C. Group Ltd
0117 942 8975
432 Gloucester Rd, Horfield
Bristol
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Business Plans

Make Your Business Plan Stand out

One venture capital firm in the US went on record to say they received 25,000 business plans asking for finance in 1999 and invested in only 40.

Getting money from financiers is expensive, time consuming and hard work. Having said that, it is possible to get a quick decision. One recent start-up succeeded in raising £3 million in eight days, the founder having turned down an earlier offer of £1 million made just 40 minutes after his business plan was presented

Follow these steps to make your business plan stand out from the crowd:

Hit them with the benefits

You need to spell out exactly what it is you do, for whom and why that matters. For example: "Our website makes ordering office supplies for small businesses simple. It saves the average customer five hours a week browsing catalogues and £5000 a year in bank discounts, not otherwise available to firms this size. We have surveyed 200 local small firms who rate efficient purchasing as a key priority". This statement has the ring of practical authority about it.

Believable projections

Future charts always look somewhat optimistic. That's fine, if you can explain exactly what drives growth, how you capture sales and what the link between activity and results is.

Say how big the market is

Financiers feel safer backing people in big markets. Small percentages of massive markets may be hard to achieve - but if you do get it at least it will be worth it. Going for 10% of a market measured in millions rather than billions, may come to the same number but it won't be as interesting.

Your team

You and your team, if you have one, need to sound like winners with a track record of great accomplishments. It will also help to have some non-executive directors, but they need to have relevant experience or be able to open doors and do deals.

Financial forecasts

You need projected cashflows, profit and loss accounts, and balance sheets for at least three years. No one believes them after Year One, but the thinking behind them is what's important. The profit margins will be key numbers in your projections, alongside sales forecasts. These will be probed hard, so show the build up in detail.

Demonstrate the product or the service

Financiers need to see what the customer is going to get. A mock-up will do, failing that a picture or diagram, but words are not enough.

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