It’s a document which gives clarity and acts a blue print. It helps entrepreneurs in taking the big decision of leaving their jobs and starting own company. It helps entrepreneurs in understanding the financial viability of their idea, before investing money and testing waters.
“NEVER TEST THE DEPTH OF RIVER WITH BOTH FEET WARREN BUFFET” perfectly holds good for start-ups when you are starting its better to have clarity on all details of your entrepreneurial journey with foreseeing problems and your financial requirements.
We write Business plans in Excel format the reason being it’s easier to make changes as all sheets and parameters are interlinked. This helps in giving clarity of best scenario, worst scenario and what’s minimum required.