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"Before everything else, getting ready is the secret of success"
- Henry Ford
Why is research the key to an effective business plan?
The foundation of any effective business plan is the information that goes into it. The more relevant, accurate, and comprehensive the information, the better the conclusions and strategies that will be formulated. The result- a substantial increase in the odds of success. More importantly-- there is nothing that will dissuade a bank or an investor more than a poorly researched and presented business plan!
Business Plans Plus can help you acquire the information needed and cut down your research hours and costs significantly, either because we have some of the information that you need, or we can show you where and how to find it.
Begin researching your business plan today with BPP's Smart-StartTM comprehensive research primers. It's just smart business!
To facilitate the research of your business, Business Plans Plus has developed an exclusive 56 page Premium Industry Marketing and Competitive Research Primer with over 60 direct links to websites that professionals use in order to properly research their business plans. This premium research primer also has strategies and examples- developed over 10 years, as shown below, designed to find vital information specific to your industry. It's a real money, time, and effort saver, and it's smart business!
To receive a no-obligation partial 20 page Smart-StartTM Sample Research Primer (US or Canada) just chat with (or email) one of our Live Help business plan research attendants.
Other vital research- what about the numbers?
Financial Benchmark Primers:
Financial benchmarks provide you with a reference point for your projected financial statements. Industry statistics are compiled providing tax return based models producing initial Revenue/Net Income and Cash Flow Charts with cost breakdowns (in percentage terms), key ratios (accounts receivable, inventory turnover) so that you have a realistic starting point for your business financial projections.
The industry templates will give you a realistic assessment of how your business can perform and what your bottom line might look like based on average business growth scenarios gleaned from the latest available corporate tax return data. Assumptions and expense definitions are provided in the accompanying glossary.
To assist you in determining the viability and financing needs of your business BBP has provided our exclusive and complementary sample Smart StartTM 1 Year Financial Research Primer with financial categories, revenue and cash flow charts, and a financial statement glossary. Begin to really understand the "numbers" in your own business!
Just chat with (or email) one of our Live Help business plan research attendants to receive your complementary no-obligation 1 year Financial Research Primer.
Begin professionally researching your business plan and determine what vital information you need to include to convince bankers and investors. Create a business plan that you can really use!
Our M.B.As have developed a comprehensive 20 page BUSINESS PLAN 50 POINT CRITICAL INFORMATION PRIMER- so that you can quickly determine what you "Know" and "Don't Know" about your business.
BPP can then assist you to review the inevitable gaps in your business plan and obtain key information where needed.
Learn more here... 