This is part 5 of my blog recording the count down to setting up my own business. With any project it is good to have a set of milestones, and these blog entries record some of these milestones
Recently this has all been about numbers. My word processing package gives details of revisions and total time spent working on the document. I was amazed to find that it had had 122 revisions and I had spent just under 32 hours writing this 29 page document.
It is a bit of a false claim to say that the business plan is finished as it is a living document, and will be updated very regularly especially the section on finance.
This is all about the numbers and trying to work out what will happen with them over the next twelve months. Fortunately our plans are not that grand so the numbers are reasonably small, so if we have got them wrong there should be wriggle room. Roughly twenty years ago I was involved in a project that was dealing with millions and the gearing ratio was fairly high. It seemed that everyone and their aunt wanted to see the monthly sales (& profit) figures. When they weren't quite up to mark the invoices were Factored out to generate short term better figures. Fortunately for that business things improved and the numbers went back on track.
I am sure once we do get to the point of starting trading then we will be comparing the real figures with those we have in the Business Plan. Lets hope they are better than we have got written down. What we must not do is sit back and rest, but strive on to get to the point where we start trading.
Dyslexic doodles on photography, food (growing, cooking & of course eating), faith and other fascinating things. This is a personal blog expressing my views.