Developing a business and a financial plan are essentials steps in the creation of your projects. It will help you negotiating with external financiers, bankers, venture capitalists or with the administration. Therefore, it is important that these phase is not to be treated as one of the many administrative steps. A business plan typically includes detailed information about the organization or team attempting to reach the goals. A financial plan contents all relevant financial information about your project.
These documents are not static and they evolve along with your project. Therefore, it is very important to update them every time a decision is made that might impact the organization of your project.
If you have no clue on how to begin, here are some links that might help you start:
– On our partner website, you will find a complete template for your financial and business plans with all explanations.