Business Plan

Why we need a business plan. Business planning, calculation of economic efficiency, risk analysis. In practice, even very common that new businesses start without a business plan. That is, no, that once a initially plan their business on paper, beginning to implement their projects with their heads once in life. Boy Scouts takes a slightly different approach. Therefore, the Europeans have created a special standard structure of a business plan for countries such as ours named needs. This is the most simplest form of business plan. After reviewing several sites that are taught to write business plans, and in the very method in the first place, the first section put a resume. Although the logic should be summarized at the end of the work, summarize, okay if the standards are prescribed, it means that a summary is in the beginning. To what do need a business plan. Yes, a well-written business plan can ask for money not only from the bank, but the search of the investor. Business plan, its main part, a financial plan. Let’s see advertising business plans on the Internet – make up business plans, the price of such and such. So, you as the leader of the organization, hire consultants, who make up your business plan, and you’re happy go to the bank for financing. Bankers, people are not stupid, know how to take money, check out your business plan, recount, and on the basis of calculations conclude – to give you money or not. And if you go, for example, the private investors who do not understand what the internal rate of return, you will be able to explain to him that the project investment is attractive? Especially because to calculate net present value, gross profit, period payback – this for a good business plan is not enough. I often hear that the business plan – it’s all on paper but in real life will work is unknown.