The value of a well written business plan cannot be over stated. It will benefit both management and investors in the company. The vast majority of the business plans I have reviewed come up critically short in at least two or more of these important areas, and higher number fail to address at least one key area. I think that is important that we take a look at the key sections of the business plan and what should be included.
Blog articles by Coral Capital Partners on the importance of a proper business plan. Our blog discusses common problems that we have encountered and corrected in advising clients on their business plan and our writing of a business plan for our clients. We believe that a business plan is a critical must have tool for all businesses regardless of their size. Coral Capital Partners has worked on business plans for companies in numerous industries and reviewed hundreds of other business plans during our nearly 20 year history. This experience greatly aids us in helping client companies develop and implement their business plans.
The Importance of a Financial Model
Coral Capital Partners discusses the importance of a proper financial model, the financial statements that need to be included and the expectations of potential investors. Far too often a financial model and business plan are two (2) items that easily overlooked or dismissed by business owners or management. Coral Capital Partners believes that a financial model and a business plan are two (2) critical items that every business needs.
A Few Thoughts on a Proper Business Plan
Coral Capital Partners discusses the importance of a proper business plan, its uses and benefits. A well written business pan is a key and vital document that all businesses should have. It should show where your business is at, how it got there, and where it is going; and very importantly how it is going to get there. It needs to be comprehensive in its explanation of the business, answer the questions investors may have, and explain the risks a business is facing. At the end of the day it should give investors a level of comfort that will allow them to feel comfortable making an investment.