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007 How To Propose Business Plan Your Boss Plans Project Proposal

007 How To Propose Business Plan Your Boss Plans Project Proposal Stirring A Write Present

Part five, the last part, is generically labelled "Getting the money you need" and contains two chapters, that is, chapters 26 and 27. Chapter 26 is based on applying for a loan. According to Balanko_Dickson here, small business loans can be used for a variety of purposes. He says for example, a loan can help you buy a business, start a new one and expand an existing one. The author educates that you will deal directly with the bank's loan officers. "Make no mistake however, major small business loans are reviewed by loan committees. Typically, loan officers are not part of a loan committee....Understanding your role and the role of the loan officer and the loan committee will help guide you through the approval process. It is a team game, and, as they say, there is no 'I' in 'team'," asserts Balanko_Dickson.

Developing Planning Modules: Compartmentalizing your plan by developing planning modules or "chunks" allows you to attack the plan in parts, yet still maintain a cohesive plan. I have found that developing an annual plan made up of quarterly targets _ thus becoming a rolling quarterly forecast financial model _ allows for a cohesive structure along with the nimbleness to react to market conditions. At the end of each quarter, a true_up process to align results to annual targets needs to be re_forecast and adjustments made.

Source: Process.st
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