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Xi has also worked as a stockbroker in New York City.We are in the process of starting a new business and Upmetrics has been invaluable for modeling realistic financials.
A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of one. You start here, today, with certain resources and abilities.
Having complete control over the numbers and the business plan has been instrumental in being able to raise funds from investors.
Being able to go online and pull up the numbers directly in front of investors really impresses them. When I started developing my business idea, I needed a business plan.
Timothea Xi has been writing business and finance articles since 2013.
She has worked as an alternative investment adviser in Miami, specializing in managed futures.
Read More The Business Model Canvas’s nine building blocks and the interrelationships between them provides a way to show the key elements of any business model.
Get on board to collaborate with your team on the living Business Model Canvas template.
You plug in your industry, occupation, revenues for the past 12 months, location and other specifics, and the site generates a template for your needs.
You have the choice of downloading a more formal version of the template, professionally formatted for the serious investor, as well as posting your completed business plan to the site.