WritingABusinessPlanHANDOUTfeb.pptVIP

* Most waste too much ink on numbers and devote too little to the information that really matters. Financial projections for a new company – especially detailed, month-by-month projections that stretch out for more than a year – are an act of imagination. Typically, they are wildly optimistic, padding their projections. Investors know about the padding effect and therefore discount the figures in business plans (Venture capitalists believe that it is too optimistic so just knock down the estimates some). These maneuvers create a vicious circle of inaccuracy that benefits no one. It is really v