Wednesday, February 2, 2011

Tips on business plan writing

So you have come to stage of writing your business plan and you have decided to take the long and tedious road to do it rather than using business plan services or financial forecasting tools specifically made for what you are doing at the moment? That's fine and of course you will come out on the other side a much more educated person with reference to how the different elements of the business plan contribute to your business. The bank manger may have asked you to compile a business plan or you have met a possible business investor asking for a business profile or plan to illustrate just how you are going to gain the market share that you mentioned at the networking event and how your costs will be so low that your business will break even in the fist 6 months.

What are good business plans really about? Well, such a plan will need to be as short and as clear possible; out of it, the potential investor will have to clearly understand the product and the service provided, the track record of the company, financial statements and, above all, the reason you are asking for such a funding. Keep in mind that this plan will have to convince the investor of your commitment to the business, and this can only be done if you will draw a clear picture of your strategies.

At all times, remember that you have to thoroughly study-and thus understand- the elements that will help you build good, solid business plans. Unfortunately enough, there are many of those looking for funding that spend a lot of time and energy trying to promote their ideas, their projects, but forget that unless their business plans are valid, unless they have something good, nobody will take them seriously and invest in their projects. Let's speak the truth: not even you would invest in a business that has no proof that it is sound, that the financial premises are valid; without clear information nobody can decide, so nobody will be willing to listen to you or read your project up to the end.

If you have came to understand how important it is to set up clear business plans before actually going on and trying to convince anyone, then you must have reached the conclusion that good advice is in order. Fortunately, there are a lot of places you could get counseling or assistance, things that will help you easier your business plans easier and in a more correct manner; apart from all the counseling offices, you will also be able to find books and other online resources that will show you how to come up with a quality project. Many of those books have been written by professionals, and if you know how to pick the right ones you will undoubtedly find out more about successful business plans and the key to better understanding of the market environment.

Remember that nobody likes long talks that express nothing; if you want to have a clear chance of obtaining the loan, the start up capital you so much need, you will have to be clear and communicate the facts as they are. This means that you will have to convince the funding source using one of the best business plans there can be, in order for the other to accept any kind of transaction.

Make sure your plan is detailed but to the point. Make sure your plan consists of realistic facts and data that is well researched. Make sure your plan is realistic and the market research has been done well. Do this and you will have a great chance of getting the business finance you need.

Monday, January 10, 2011

Construction business planning

Today we will be looking at business plan software relating to the construction industry. In order to run your business faster and more efficient there are numerous programs out there for  tailor-made to suite your needs. I have chosen to discuss the points and facts about the business plan software program called “Plan Magic Constuction 11.0. Please refer to the following to get a better understanding of the benefits of using this programme.

Write a construction business plan
PlanMagic Construction 11.0 offers an easy to use well written construction business plan template in a popular word processor format, a fully automated close-to-reality financial projection application in MS Excel, an easy to use presentation template, and a comprehensive business plan guide. The Advanced Edition -AE- provides additional state-of-the-art financial analysis tools. plan any construction business like a pro
plan to finance any construction business start-up or expansion
surprise any potential investor with a thorough and complete presentation
analyze the financial situation with state-of-the-art analysis tools
stay up-to-date with the real financial situation at all times
unlimited what-if and other analyses for 5 years without loss of data
It's a program that produces faster results than any other, and is brought to you by a company with over 25 years of related experience. It is a helpful CONSTRUCTION business plan program and offers the necessary flexibility. Its structure is the preferred format today and it offers you a template that includes all that should be included in a business plan geared toward success. The financial application is the only construction specific close-to-reality planner in the world.
Designed to help construction companies and contractors make decisions faster and easier. It's the best value your money can buy when it comes to construction business plan and construction financial plan software.

Construction business plan template
The preferred format construction business plan template for investors, SBA, banks and angel investors in MS Word format.

You don't have to create your own contents from scratch or delete most of it as may be the case with a sample plan. You'll always get professional printed results. The program includes the construction business plan template. The plan template is fully geared towards the general contractor, specialty contractor or any construction business. Easily add project plans, phasing diagrams, floor plans, specific plans and more as is needed. Easily insert financial data from the financial application.

Construction business plan financials
You will not find a better solution as specific, as detailed, and as automated. For consultants there is no limit to the number of projections and construction business plans that can be created. Enter some main assumptions, and start entering your financial data into the clearly marked cells. Use it for a construction or contractor business plan as well as for ongoing monitoring of your construction business.

Key advantages
Offers PlanMagic's Smart Entry System (SES)™ to minimize and significantly speed up data entry.
Validation checks for data consistency.
Development can start up to 5 years prior to operations.
Fiscal year and forecasts can start in any month.
Forecasts include months, quarters, and years.
Up to 5 years can be forecast in one financial workbook, with no limit if multiple workbooks are used.
Views are collapsible for clear summaries.
Costs can be split between fixed and variable cost for contribution, break-even and similar analyses.
Projected balance sheets that are always balanced.
More than 40 charts illustrate trends in expenses, sales, revenues, cash flow and more.

If you have purchased the Advanced Edition -AE-, you can add more product lines and more specific projects and enjoy more detailed financial analysis reports that surpass even the most expensive accounting programs.

It would be advisable to invest in such a program if you are finding that you cannot keep track of your finances, customer database and stock. The Advanced Edition could be purchased at a later stage once your business has grown to the next level. It is important to choose a program that is user-friendly and that can be easily utilized by your staff dealing with the admin and finances of your growing company. Online help and training is usually available for users of all business plan software users. Find the program that best suits your needs.