provide the information
A working plan that is internally consistent with facts and figures is just as important as one that is designed for people from outside. While you should be careful about spelling mistakes, consistency with date formats, and conforming to the business format, it is not required to be as meticulous. This document is similar in appearance to the old pair of khakis that you wear to work on a Saturday. Perhaps that old delivery vehicle that doesn't seem to stop working. It's meant for use, not admiration.
The plan for presenting. The presentation plan can be created by taking a work plan and then adding an additional knob to increase the focus on its appearance. This plan can easily be presented to investors, bankers as well as other individuals outside the company. Although the contents of a presentation plan will likely be the same as your work plan in most cases, it might be styled differently. When you write the presentation plan, you will employ business-related terminology. It is also possible to eliminate informal language and slang that are commonly used in workplaces. Be aware that the readers will not know your business. Unlike the working plan, this plan is not intended to serve to remind people, but rather as an introduction.
b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b
Other elements are also needed. Investors need to know about all competitors' threats and risks as part of their due diligence. Even if some of them are not significant, it is important to be aware of them and provide the information.
The distinction between presentation plans and working plans is in how they look and feel. You can print a working plan using your office printer and then staple it in one corner. The presentation plan should be printed with high-quality inks, and possibly color. The presentation plan should be bound into an unbound book that is robust and simple to comprehend. It must include graphs, tables as well as graphs, illustrations and graphs.
b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b
It is essential that the plan of presentation be accurate and consistent. An outsider could interpret a mistake as an error. At best, it will cause you to be more prudent. You might be tempted to say "Oops!" if the summary of the plan states that $40,000 is needed to finance the project, however the cash flow projection indicates that $50,000 is available within the beginning of. Forgot to update that summary to reflect the latest figures." However, the investor who you want to make a cash payment is not likely to be charitable.
The Electronic Plan. The Electronic Plan. The majority of business plans are created using a computer. They are then printed out and handed in hard copy. However, more and more information that once was transferred between two parties on paper is now sent electronically. You may feel it is appropriate to have an electronically-transferable version of your business plan. Electronic plans are useful for presentations to groups using overhead projectors, or to meet the requirements of investors who wish to get into the finer details of complex spreadsheets.