My view at Business Plans

This was a very interesting month for me. Since I am a semi-established entrepreneur already. I kind of was taught a new perspective this month on how to look at business plans. I studied 2 very known and very smart business plan writers. The things that I have learned in the past 4 weeks have been more than what I have learned in a very long time. I created a new perspective on how to view things in order to get what I want. This has caused me to tweak my business plan a bit, but for the better which is all that counts.

Most of the changes that I made to my business plans were with the numbers. I learned from these gentlemen that the banks really don’t care about the explanations and things like that. What really matters to them and what they mainly look at is the numbers. They want to see that you are able to show at least a break-even status or preferably a profitable status. What really matters is that they feel comfortable lending you money when they know that you are going to be able to pay it back.

As mentioned before what really matters is the numbers so, therefore I believe that is the most important part of any business plan. That is the first thing that any bank or investor is going to look at. Before wasting any time meeting with you or anything.

I really appreciate this month’s class because; it helped view the industry a bit better. I am able to understand it a bit more, and feel more efficient within it now. I am now on my way to become a better and more successful entrepreneur than what I was before. Definitely by far the best class period.