Here are few things I observed:
- Your figures and estimations need to be real - very real. There is not one banker that will view your business plan based on fictitious numbers. Be prepared to explain and justify every expense and earning. Staring with your cash investment and equipment purchases to salaries and profits.
- You will most likely not get paid your first 6 months of running your business. If you have a business partner that has shared this investment with you, neither will they. So expect to continue working your Pizza Delivery job for the first year.
- The Forecast is great guideline. You spent all this time creating it - Now use it! This will assist you to stay on budget - avoid over spending. Also your sales forecast will aid you in staying on top of your monthly sales. Keeping a running tally of what your actually sales are each month and where they need to be is a motivator to get out and make more money.