Originally published: 15/06/2017 10:20
Last version published: 15/06/2017 10:44
Publication number: ELQ-96900-3
View all versions & Certificate
Last version published: 15/06/2017 10:44
Publication number: ELQ-96900-3
View all versions & Certificate
How to build a successful Business Plan: Top 10 Do’s
Top 10 Do’s and Dont's when drafting a Business Plan for your Investors during your fundraising
Introduction
What are the top ten do's of a business plan? The following methodology outlines in 10 steps, 10 points you have to take into consideration when drafting your business plan for your investors.
- Step n°1 |
Do it for yourself
Do it for yourself first, not for investors. It's for your own management first. It's to reduce the uncertainty and manage change. And it will change, for sure, but with the right kind of planning, it's easier to manage change.
- Step n°2 |
Build a long lasting tool
Remember it's planning, and planning process, not just a plan. You're going to review and revise regularly. Planning should be an invaluable tool for management. - Step n°3 |
Regularly Review Your Plan
Set a monthly review time and day, something like the third Thursday of the month, to regularly review plan vs. actual results and understand what's changed and why. - Step n°4 |
Monitor performance on simple key points
Define long-term strategy with simple key points about market, product, and overall strategic focus. Less is more.
