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Subject:Re: budget proposals for startup company... From:Peter <pnewman1 -at- home -dot- com> To:"Campbell, Art" <artc -at- northchurch -dot- net> Date:Mon, 22 Nov 1999 21:27:57 -0500
The poster is in an impossible position. Writing a business plan is an
art. Errors can result in liability for the company. Typically, an
experienced business plan writer who is any good will charge between
$5,000 and $10,000, depending on the complexity. The budget projections
should never be prepared by anyone without experience. There simply is
too much room for error. There are also sources for industry standards
that need to be consulted to ensure that critical categories are, at
least accounted for. One classic example I have seen was a small airline
that somehow omitted salaries and payroll overhead for pilots. I could
go on, but you should get the point.
"Campbell, Art" wrote:
>
> What you're writing is a business plan. If you do a couple of www searches
> you'll find a number of templates; a number of VC firms provide them so that
> supplicants/applicants don't omit stuff they want to see.
> This is something that is totally new to me...
>
> I have been asked to write a budget proposal for a startup company
> looking for venture capital.
>
> I have been given the proposed figures, but I don't feel that pages with
> figures alone are going to make venture capitalists rush out and
> invest... Apparently, the venture capitalists have already been sent
> some kind of explanation of the product. Is this enough? Do they need to
> include some kind of general explanation or sales talk about their
> product along with the figures?
