Business Plans and Financial Forecasts

[Dubai]

Anyone experienced in the above? If so would be grateful if any tips could be pmed

[DaveShoelace]

Buy low, sell high.

your welcome

[nirvana]

Anyone experienced in the above? If so would be grateful if any tips could be pmed

Are you looking at other peoples or preparing one yourself ?

[Dubai]

Preparing one- well attempting to

[outragous76]

why are you preparing it?

If it is just for your purposes - err on the side of caution with the numbers

if it is for the banks purposes - feel free to embellish it  - just make sure that you can make it sound realistic. In short whatever you prepare for a bank - have a VERY clear and concise executive summary (no more than 2 sides) and as much back up data as you like (/need to justify). Make the exec sum easily readable, with clear correlation to proposed profits.

You should also do a "year 1" and a years 1-5 plans too (as for new businesses year 1 can often show a loss)

[AndrewT]

Just send them this link IMO

http://blondepoker.com/forum/index.php?topic=49511.0

Of course the tournament will be tough but when it comes to online mtts im the schnizzles so not selling at less. Will just take the action myself.

[Longines]

Anyone experienced in the above? If so would be grateful if any tips could be pmed

Think JJ Hazan tried it already.

[tikay]

Anyone experienced in the above? If so would be grateful if any tips could be pmed

PM me a few details, & I'd be happy to try & help.

Need to know type of business, likely cash flows, likely prime costs & overheads, how much you intend to invest, amount of funding sought, usual gubbins, etc.

If yiou are going to the banks for funding, they are a soft touch if you give them good, well constructed, but most of all, prudent & conservative, forecasts.

[smashedagain]

Not so sure banks are as soft a touch as you think they are Tony. They are a lot tougher these days than when you made your first million

[tikay]

Not so sure banks are as soft a touch as you think they are Tony. They are a lot tougher these days than when you made your first million

Banks are just people, Jason. Work the system, man. They make a living out of lending money. A start up will never succeed unless it gets the banks onside, assuming it needs working capital.

[outragous76]

Not so sure banks are as soft a touch as you think they are Tony. They are a lot tougher these days than when you made your first million

Banks are just people, Jason. Work the system, man. They make a living out of lending money. A start up will never succeed unless it gets the banks onside, assuming it needs working capital.

im inclined to agree with jason from very recent experience.

as an unknown -    even with good personal history

[EvilPie]

Anyone experienced in the above? If so would be grateful if any tips could be pmed

PM me a few details, & I'd be happy to try & help.

Need to know type of business, likely cash flows, likely prime costs & overheads, how much you intend to invest, amount of funding sought, usual gubbins, etc.

If yiou are going to the banks for funding, they are a soft touch if you give them good, well constructed, but most of all, prudent & conservative, forecasts.

Have you been asleep for 2 years?

[Simon Galloway]

How would we tell?

[StuartHopkin]

Not so sure banks are as soft a touch as you think they are Tony. They are a lot tougher these days than when you made your first million

Banks are just people, Jason. Work the system, man. They make a living out of lending money. A start up will never succeed unless it gets the banks onside, assuming it needs working capital.

im inclined to agree with jason from very recent experience.

as an unknown -    even with good personal history

Jason is defo right.

Even as a known, if you have nothing to secure it against they aren't interested.

However they will secure them using these http://www.businesslink.gov.uk/bdotg/action/gsdDetail?itemId=1081834978 but you need to ensure you qualify.

[Simon Galloway]

Banks will lend money to anyone that can prove they don't need it.