Posted by Kenneth Hocking on July 20, 2008 at 11:54:02:
In Reply to: For Those of You Who Have Written Business Plans posted by IB (NJ) on July 19, 2008 at 16:43:45:
ONE PAGE max is the guidance I was given... the supporting pages will give you standing and lessen the endless questioning,
Food for thought, my funding ratio and limits began to increase when I also included my escape hatch scenario, Worst case planning --- what I like to call, (How I protect the investors/banks even if I am losing money)
Everyone of us are good at selling the possibilities of profit.... but how good at you at explaining what you WILL do if things go Bad?
The favorite question I have received from a Banker - Mr Hocking I have one last question,, What am I not asking you that I should be asking you to get this through committee?