Monday, January 23, 2012

The Business Plan - Part 2

Okay, I got ahead of myself in the last post. After the business plan is done, yes, you can take it to the bank for a loan... but there are two parts to a business plan: the words and the numbers. Of course, I love the words part, but not so much the numbers, which is what we're working on this week in classes.

I had to use Excel and input assets, equity, loans, personal investment, blah blah blah, and it all has to add up and make perfect sense. With so many variables (and unknowns, still at this point!) I'm going a little crazy. I can see why people have successful businesses providing one service: business plan writing. It's a lot of work and a bit of a headache.

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