Thursday, May 10, 2007

Putting It Together!

Putting The Business Plan Together

Now it is time to work backwards a bit and start putting your business plan together. So far, you have created a company logo (and business card), as well as drafts for all sections. When you get all of your final drafts back, look over them to make any additional changes. Assembly all sections in the proper order. DO NOT put any work in your final project that has teacher notes on it. Make revisions prior to assembling it.

Each section will be numbered (and included on a table of contents.) For example, the first two sections should be titled and numbered as follows:
I. Management Team Plan
II. Company Description

You should also create your cover page. On the cover page you should have your logo, the name of your company, its address and phone number, and the chief executive's name. That may seem obvious, but it's amazing how many business plans don't have a cover page or have an incomplete one. Nothing will turn off a banker or investor faster than having to look up your telephone number in the phone book because you left it off the cover page. Moreover, if the plan is going to be distributed to several bankers or investors, you will want to number each plan prominently on the cover page -- to allow you to track the plans and to inhibit recipients from copying or widely passing around the plan. You may also have recipients sign a nondisclosure statement, if you wish.

You have done a lot of work on this project. Now it's time to put it all together. Be diligent. Work hard to make each section the best it can be so that the final project really reflects all your time and effort.