3-2-1 Formula for Business Plan Essentials

by Tim Berry on May 18, 2007

Recently I posted a piece on my allbusiness.com blog suggesting a 3-2-1 formula for essentials in business plans.

The first three points, focus, specifics, and cash flow, are
essential for any business planning, whether or not seeking investment
or loans is involved.

The next two, making the investors money and management team, are essential for plans related to seeking investment.

The final, sixth of six, is collateral as essential for plans seeking bank loans.

– Tim Berry

About Tim Berry

Tim Berry is the founder of Palo Alto Software, a co-founder of Borland International, and a recognized expert in business planning. Tim is the originator of plan-as-you-go business planning. He has an MBA from Stanford and degrees with honors from the University of Oregon and the University of Notre Dame. Today, Tim dedicates most of his time to blogging, teaching, and evangelizing for business planning. His full biography is available on his blog.