AardvarkBusiness.net - Business Search Engine AardvarkBusiness.net - Business Search Engine



 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

     

Business planning????

 
 
Post new topic   Reply to topic    AardvarkBusiness.net Forum Index -> Starting a Business Forum
View previous topic :: View next topic  
Author Message
titus
Secretary
Secretary


Joined: 06 Apr 2011
Posts: 9

28 ants

PostPosted: Sun Apr 24, 2011 7:34 am    Post subject: Business planning???? Reply with quote

Hi there!

I am writing a business plan for the first time and am confused on how to figure the following:

Estimate how much start-up capital you will need to begin your business.

How will you obtain this needed capital?

Revenues covering all costs, both fixed and variable.

Estimate your revenues and expenses for 10 years.

Any explanation would help so much. Thanks!

Titus
Back to top
View user's profile Send private message Visit poster's website
adigaskell
President
President


Joined: 01 Jul 2004
Posts: 5428

7099 ants

PostPosted: Tue Apr 26, 2011 7:20 am    Post subject: Reply with quote

Business plans are a complete nonsense imo. How can you predict your income 10 years into the future?
_________________
My social media blog
Back to top
View user's profile Send private message Visit poster's website
paul
President
President


Joined: 15 Oct 2002
Posts: 8314
Location: UK
11706 ants

PostPosted: Tue Apr 26, 2011 1:02 pm    Post subject: Reply with quote

I kind of agree with Adi, although everyone seems to say you must have one.

I would also be a little considered that if you can't "estimate how much start-up capital you will need to begin your business" then maybe running a business isn't for you.
_________________
UK Hotels - UK Selfcatering
Luxury Travel - Lake District Apartment
Back to top
View user's profile Send private message Visit poster's website
adigaskell
President
President


Joined: 01 Jul 2004
Posts: 5428

7099 ants

PostPosted: Tue Apr 26, 2011 1:51 pm    Post subject: Reply with quote

Titus does seem a complete time waster, but I wrote a blog about this earlier in the year that may be of interest for this topic. Some of the comments are interesting too.

http://www.managers.org.uk/practical-support/management-community/blogs/business-planning-waste-time
_________________
My social media blog
Back to top
View user's profile Send private message Visit poster's website
buswannabe
Secretary
Secretary


Joined: 25 Aug 2011
Posts: 5

6 ants

PostPosted: Mon Sep 05, 2011 7:37 pm    Post subject: Reply with quote

With any business, there will start up costs. You should be able to identify those costs as well as how you are going to accumulate them. For example, are you using personal cash to get this started. Also, projecting revenue cycles can be a little challenging, but all in all, it is asking you to project what you expect to make.
Back to top
View user's profile Send private message
paul
President
President


Joined: 15 Oct 2002
Posts: 8314
Location: UK
11706 ants

PostPosted: Mon Sep 05, 2011 11:43 pm    Post subject: Reply with quote

But just because there are start-up costs (which I'm not sure there always are), do you necessarily need to have a formal business plan?

Let's say you planned to set up business as a window cleaner. You invest in a ladder, a bucket and some cloths and then you go out knocking on doors...
_________________
UK Hotels - UK Selfcatering
Luxury Travel - Lake District Apartment
Back to top
View user's profile Send private message Visit poster's website
creditguard
Secretary
Secretary


Joined: 11 Nov 2011
Posts: 13

16 ants

PostPosted: Mon Nov 14, 2011 10:42 am    Post subject: Reply with quote

adigaskell wrote:
Business plans are a complete nonsense imo. How can you predict your income 10 years into the future?


Interesting Smile and I totally agree with you but its very important to plan who to start and cost to start a business. If you create business plan for your next 10 year then according to my point of view you never start your own business. (Need 10 year to write business plan for next 10 year)
Back to top
View user's profile Send private message Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    AardvarkBusiness.net Forum Index -> Starting a Business Forum All times are GMT + 1 Hour
Page 1 of 1

 
Google
 
Business Forum Sport Forum Travel Forum


Powered by php B B © 2001, 2002 php B B Group

AardvarkBusiness.net Business Search Engine & Directory