Business Plans London

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.
West Private Equity Ltd
020 7632 2480
357 Strand
London
R.T.A Business Consultants Ltd
020 7833 9933
2 Kingsway
London
Cognosis Consulting Group
020 3206 0350
95 Aldwych
London
Pentagon Training Ltd
020 74343500
Royalty Ho, 32 Sackville St
Westminster
Heart at Work
07000 781922
197 Piccadilly
Westminster
Ticon
020 7836 1999
146 Strand
London
Mayday Management Ltd
020 7497 1100
34 Tavistock Street
London
Aflame.Info
020 77347282
35 Piccadilly
Westminster
Portland International Consulting Group Ltd
07002 767852
21 Piccadilly
Westminster
PPD Consulting Ltd
020 76676856
Gefinor House 18B Charles Street
Westminster
Provided By: 

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.

Click here to read the rest of this article from My Business