A brief mention of the role of business plans in strategic planning and a link to related wikipedia pages should be more than sufficient. On the other hand, items quite important for equity based financing e. Then explain how your business will gain a competitive edge and why your business will be profitable.
Types of assumption[ edit ] RAND defines an assumption as "an assertion about some characteristic of the future that underlies the current operations or plans of an organization. Your contributions will be most welcome.
Not every website is like wikipedia, and we live in a capitalistic society and information is how people show credibility. Who will run the company and what makes them qualified to do so? Even though it may work, operating without a business plan is not a good idea.
Tabletop exercises - a small number of people concentrate on a specific aspect of a BCP.
As the business grows and evolves, so too should the business plan. The result is the profit or loss at the end of each month and year. I can think of other situations where the business plan writer did not understand that the logic behind the numbers and what it said about market or operational understanding was far more important than the numbers themselves or that the numbers themselves were mostly going to be used to assess whether the project was the right size for the VC's portfolio preferences.