Integrity and Accuracy
Poet John Greenleaf Whittier once said, “As a small businessperson, you have no greater leverage than the truth." This statement is so true, especially when it comes to writing your vision and mission statement and your business plan.
Your plan can be short or long but it must be realistic, honest and accurate; business plan readers will spot erroneous data or errors right away as they are experts on reading these plans. Because most plans are utilized to obtain loans, funding, grants or investors, swaying from reality is never a good idea—especially if you want to convince the reader why your business will succeed.
Business owners can hire professional organizations to write their plans for them. However, a report in Forbes Magazine quotes venture capitalist expert Jim Casparie: “The price tag (for a business plan) could run from $5,000 to $40,000 including market research, legal and financial expertise."
Bright Hub realizes most business owners and those interested in buying or starting a business can’t afford to spend any extra money—even to write a business plan, so here we offer a collection of articles on how to accomplish this task including important elements it must contain. We also include free forecasting templates you’ll need as exhibits for your plan to ensure its purpose achieves what you want and need.