I wrote the bulk of mine. I absolutely believe each person should do as much of the work as they can .... my CPA did the numbers part, but I had to provide the data to enable him to put together those tables of numbers, break even chart, etc. The reason I think its so beneficial is because it tells you about your business.
When I sat across from the banker and was able to recite stats, numbers, data, trends, etc. ...... all learned from doing the biz plan, it showed that I KNEW this business. Can you imagine his impression if he had been asking me all of those questions and I had no idea? ![]()
One banker told me, "We don't read this whole thing. It's really more of an exercise for you than it is information for us."
True. Very true.
You can get a lot of info from the internet. (Not 20 minutes ago, I just researched number of marriage licenses issued in my county so I could update my stats.)
Thanks Debi!
I agree that I should write as much as I can. I have a degree in English so I'm confident in expressing my thoughts. I'm terrible with numbers so I see that a CPA would be in order. I guess I'd need to hire one down the road anyways.
Great point about anwering the hot questions for the banks. I want them to believe that I know what I'm doing and I love looking up stats anyways.
There are just so many internet business plan samples that I thought maybe I should do it myself but wasn't sure if that was the way to go. Thanks again for your input.
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