I quite agree, but the business plan – it's not paper. But there is one thing. You on paper are modeling their business from scratch and calculate all the risks themselves calculates the risks that can confront your business. For more information see this site: Robert A. Kotick. No consultant knows more risk than you, who has been in business a long time. Good financial plan includes a sensitivity analysis, where you see a good response to changes in your business, increase or decrease taxes, sales volumes, interest rates, and so on, and by the way, you make sure to change pay your employees your business is not very sensitive. Much more than any business depends on changes in sales volumes, rather than from employees' wages.
Especially, if you want to earn a lot to your business showed a good increase in net present value, for this you have to pay people to earn money for you, for pennies on the one you will not work. How to calculate the financial indicators for your business plan? There are special programs like Project Expert, Invest and others. But as the saying should pay for everything, and these programs are about three thousand dollars. And if you enjoy kryaknuta programs, then you may count such that the spread can be much more than three thousand dollars. I do not advertise these programs, we can assume, and in Excel, you can, and a calculator. For example, to calculate the net in Excel present value, you need to log into the formula – financial, and further to find the NPV, which considers net present value, as in the section of financial formulas we can calculate the internal rate of return, and many other factors, most important to understand that you want to count for something. With good financial counting on you not disappear any financial hole. As usually happens get involved in the project, and funding to complete the project not enough.
Good financial forecasts should approximately ten percent in either direction to depart from the calculation results. This is achieved by simulating different situations with a change in policy, taxes, and sales. And on the basis of these calculations, the decision to join the business. Further sections of the business plan consists of a feasibility study, environmental conditions, market analysis. On each of these steps need to pay special attention to all sections of the business plan are essential, but without the finances and you do not start your project and how to decorate himself has a business plan, there's not difficult – this presentation with graphs and pages of text describing forty, are to receive funding will need to be good at presenting the investor.