Entering A 25K Business Plan Comp.

[Edman32]

Ok, My buddy and I have been sitting on an idea of this Automotive advertising company. Anyway we were going to wait until the summer to really start working on this since He goes to Temple University and I go to Penn State University. Anyway today he calls me and says that Temple is holding a competition for their students where you submit your business plan and in a month and a half they will announce the winner.. What you get when you win is $10,000 in cash and $15,000 worth of business products and services. There aren't that many people that are entering in to this so it is a very good opportunity to get our company started on the right note. Anyway I feel that we have a great idea and an Idea that can win easily, but now we need to rush and get our business plan done by March 7th. What we did since we want to make our Biz plan as professional as possible is we bought Business Plan Pro. It will make our plan look very professional and if we don't win we will still have a very well made-up biz plan. Anyway I am having a hard time figuring out the financial side of this. I don't know How do to project your finances ect. Another thing I am having a hard time with is Sales forecast, cash flow, projected cash flow, market analyst. All the figure parts I am having a very hard time with. Any ideas on how to do this or anything would be great.

Thanks,
Eddie

[GuyBBY]

Eddie,

Dealt with this within the last few weeks as I had to recalculate my cash flow, projections, analysis etc due to new features and revenue streams on my site. PM me and we can talk, I have BP 2007.

Best

G

[BusinessAdviser]

Whatever you do, don't just make up random numbers and grow them at a random rate each year. You need to be able to show from where your numbers come. Look to comparable companies, have market numbers, interview potential customers, etc. Then you can explain why you came up with the numbers you did.