Business Plans and Financial Projections
A Business Plan is an important document for a new or growing business and it may potentially assist in obtaining financing.
Many business plans and offering documents frequently do not succeed in attracting the desired investor attention simply because they are not prepared to the correct level. Business plan preparation should not be attempted in a "vaccum", by a consultant working at a distance, with little first hand knowledge of the business.
Beware of discount Business Plan preparation services and generic templates that claim to make the process of Business Plan preparation a breeze, because it is not. The client will generally obtain what he or she pays for.
For best results, the work on a Business Plan should be an iterative process, where a consultant works with management over a period of time. A appropriately qualified person to retain to write a business plan is someone with institutional finance experience, such as a banker, or an experienced Chartered Professional Accountant.