If You're Curious About These Questions...
You should listen to this audiobook
- What's the secret to crafting a business plan that grabs an investor’s attention within the first few seconds?
- Did you know that there is one specific section of your plan that potential backers look at before anything else?
- Have you ever wondered why some mediocre ideas get funded while brilliant ones are ignored by banks and venture capitalists?
Listen to How to Prepare a Business Plan — Free Audiobook
Loading player...
Key Takeaways from How to Prepare a Business Plan
- Learn how to structure your business plan with essential ingredients, from a concise opening statement to a factual breakdown of your product's unique benefits.
- Discover why your market analysis makes the biggest impact on investors, and understand why proving demand is more important than having a great invention.
- Master the creation of a cash flow forecast to accurately predict incoming and outgoing money, ensuring you negotiate the right loan amount with your bank.
- Find out how creating multiple financial forecasts can help you make cost-effective decisions and act as an ongoing warning system when your finances go off course.
- Understand the specific requirements of a retail business plan by focusing heavily on local market size and capture rates rather than explaining basic retail concepts.
Learning Tools
Reinforce what you learned from How to Prepare a Business Plan
Mind Map
How to Prepare a Business Plan
Purpose & Value
Core Functions
Core Ingredients
Opening Statement
Market Analysis
Personal Profile
Operations & Future
Financial Planning (Cash Flow)
Mechanics
Negotiation Power
Strategic Benefits
Industry-Specific Requirements
Retailers
Expanding Businesses
Digital Strategy
Avoiding Mistakes
Essential Metrics
Borrowing Strategy
Short-term Needs
Long-term Needs
Writing Style & Presentation
Clarity
Brevity
Truthfulness & Figures
Quiz — Test Your Understanding
Question 1 of 7
What section of the business plan should you assume will make the biggest impact on potential investors?
How to Prepare a Business Plan — Full Chapter Overview
Chapter 1: Recommendation
Chapter 2: A strong business plan is a mix of several essential components.
Chapter 3: A detailed cash flow forecast is a core element of any solid plan.
Chapter 4: Retailers must address specific questions within their formal business planning documents.
Chapter 5: Your business plan must cover your company’s online presence.
Chapter 6: Do not neglect planning your borrowing.
Chapter 7: Write your business plan clearly, concisely, and with a focus on numbers.
How to Prepare a Business Plan Summary & Overview
How to Prepare a Business Plan (2017) explains how you can wow potential investors by making your business plan the best it can possibly be. Packed with insights into the world of entrepreneurship, these blinks give you immediately applicable advice to make your plan stand out from the crowd.
Who Should Listen to How to Prepare a Business Plan?
- Business owners hoping to attract funding
- Budding entrepreneurs looking for inspiration
- Anyone dreaming of a career change
Books Similar to How to Prepare a Business Plan
Readers who enjoyed this also liked these titles.
Write Your Business Plan
★ 4.1 / 5 • 51 ratingsGet Your Plan in Place and Your Business Off the Ground
The Secrets to Writing a Successful Business Plan
★ 4.2 / 5 • 57 ratingsA Pro Shares a Step-by-Step Guide to Creating a Plan That Gets Results
Unprepared to Entrepreneur
★ 4.1 / 5 • 221 ratingsA Method to the Madness of Starting Your Own Business
Make No Small Plans
★ 4.1 / 5 • 303 ratingsLessons on Thinking Big, Chasing Dreams, and Building Community