Quote:
Originally Posted by flipper35
Given past success with these, is a business plan really any advantage?
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It depends. When a business plan is written after the fact with assumptions skewed to justify the decision the entrepreneur made before starting on the plan, it is useless. But if the entrepreneur makes realistic assumptions and uses the planning process to see if the business can actually work, it can offer a significant advantage in setting up and operating any business.
It appears that the company in Phoenix based its plans on an assumption that it could sell as many as 100 Cheetah's at around $100K each. I'd love to see the research they did that justified that assumption. If they had a business plan that would work selling 50 cars over ten years at $35K each, they might have had something. But it's hard to make a living selling that few cars at that cost.