The day I got my LLC from Legal Zoom, I knew I would have to
do a business plan one day eventually. I received the Palo Alto Software along
with it but I haven’t used it yet. Today, I realized that Tim Berry is the founder and chairman of Palto Alto Software, which is software that
helps create business plans. He’s a well-established entrepreneur, business
author, co-founder of Borland International and expert in business planning. In
the 1970s, he wrote for popular business journals Business Week and financial
Times. He has an impressive resume, working as a consultant for Apple and
Hewlett-Packard. In 1983, he established Palo Alto Software and then later in
1994 released the first version of Business Plan Pro.
According to Berry, there are eight
factors that make a good business plan.
1.
It fits the business need
2.
It’s realistic. It can be implemented.
3.
It’s specific. You can track results against
plan.
4.
It clearly defines responsibilities for
implementation
5.
It clearly identifies assumptions
6.
It’s communicated to the people who have to run
it
7.
It gets people committed
8.
It’s kept alive by follow up and planning
process
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