Instead of the labels or categories listed on the left, they are listed on the bottom.
Aug 22, A picture is worth a thousand words Find out when graphs and charts can help your business plan, and when they can hurt it. I often hear the question, "how many graphs or charts should I have in my business plan?
To begin, the key point to consider in developing your business plan is the time restraints of your audience. If your audience is a retired angel investor, he may have few obligations and can spend an hour reviewing your business plan.
However, the more likely scenario is that a venture capitalist, corporate investor or loan officer will review your plan while sitting at a desk topped with fifty other business plans. As such, it is critical that your plan conveys its key points quickly and easily - this is where graphs or charts come in.
In determining whether to use a graph or chart, consider the old adage, "a picture is worth a thousand words. That is, the graph or chart should supplement the text; it should not be explained ad nauseum in the text, or that defeats its purpose.
Likewise, the graph or chart must be relevant and support the text, rather than detract from it.
In addition to respecting the time constraints of the audience, the business plan must respect the audience's energy level. That is, after reading seven business plans, an investor is likely to skip a page with words of straight text.
Finally, if the business plan is only being presented to a single or a small number of investors, the amount of graphs and charts should reflect the wants, needs and sophistication of those few readers. For instance, if the plan is being presented only to strategic investors who understand the market, graphs can be used to convey information for which these investors may already have background knowledge.
Conversely, always keep in mind that the plan is not a slide presentation, and too many graphs and charts may position the company as one that is too lazy to complete the process of developing a formal business plan.
To summarize, the amount of charts and graphs used in the business plan must reflect the audience for the plan; an audience that is usually time and energy constrained. The charts and graphs must complement the text, enable the audience to quickly and easily digest the information, and as always, interest the audience in taking the next step e.
As President of Growthink Business PlansDave Lavinsky has helped the company become one of the premier business plan development firms. Since its inception, Growthink has developed over business plans.Incorporate the research data and graphs and charts into your presentation for support to your recommendation.
Include in your presentation recommendations on the desired warehouse location for senior management. Simple Graphs.
Learn how to make simple graphs in PowerPoint. These posts contain tips and templates that can help you in making PowerPoint charts and graphs. You can make use of the editable templates given below, as well as learn from the easy to follow tutorials to create better graphs with attractive designs to impress your audience.
Graphs and charts are often used to present information and data. This pie chart shows our share of the European market today. As you can see, our main competitor has an even bigger share.
This article discusses different types, when to use bar graphs, how to make bar charts, and bar graph examples. Top Ten Graphs for Business Analytics -Pie Charts (1/10) I came across many types of graphs and what struck me is the actual usage of some kinds of graphs is very different in business analytics as compared to statistical computing.
The criterion of top ten graphs is as follows-1). Pie Restaurant Business Plan UPer Crust Pies is a new fast food restaurant differing from the normal options with traditional home style recipes from Michigan's Upper Peninsula. The restaurant will prepare frozen meat, vegetable, and fruit pies.