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Tap these treasures of ideas. The best money you can spend
is money invested in your business plan education. Don’t
shortchange yourself when it comes to investing in your
dream. Start gathering samples of business plans and collect
business plan books and get a business plan library started,
it can change your future. Here’s what your library needs to
show: that you’re a serious student of business strategy and
planning, finance and economics, selling, and writing.

Sample Business Plans

Start by gathering sample business plans. Look at the annual
reports and S-1s, S-4s, 10ks, or 10Qs filed with the
Securities and Exchange Commission (SEC) of companies in
your industry. See how they present their case, explain
their business, and discuss their industry and competition.

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Business plan financial projections seem daunting because
they are so uncertain. This very uncertainty, however, is
what makes preparing them easy because you can’t possibly be
right. You can’t predict the future. None of us can. All you
can be is competent in the way you prepare your business plan
projections.

Before you finalize your business plan this year, consider
these six caveats to preparing your business plan financial
projections:

1. Don’t offer pull-out-of-the-air, “conservative”
guesstimates about getting some percentage of the overall
market demand or year-over-year growth.

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