Preparing a Business Plan

By Elfrida Pereira, Sales Executive

Posted in General, Restaurants

Business Planning is Critical - not just in the early stages, but throughout the life cycle of your business.


Keep It Simple

When preparing a business plan for your business remember - simplicity is key.

Yes, there has to be lot of detail and thinking around your business planning but keep the presentation simple and focused on key details especially when meeting with potential investors.

Maximum of 2 Pages

Keep it to two pages maximum, similar to an executive summary with detailed cash flow forecasts and other pertinent information as appendices that are ready to be presented.

Preparing Your Business Plan

What to Include

The critical ingredients for your business plan should be:

  • The Problem you are trying to solve
  • Details on founding team and their past successes
  • Target market
  • Market entry strategy
  • Milestones already achieved - Revenue is a big one
  • If you are raising capital, what resources/ funding you need to grow the business and specifics for what the money will be used for
  • Cash flow forecasts (monthly)

Check Out Udemy

Here is a great resource:  udemy to see what other pertinent items investors may be looking for in your business plan.

Trusted Opinions

Be sure to get the opinion of any other trusted advisors you already have e.g accountants, your founding team, mentors etc.

Name Dropping

To One last point - Name dropping works!

If you have a purchase order with a big brand or have a noteworthy investor already on board, make sure you mention it.

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