daullThe following assessment of possible changes in respondents' views over the eighteen months covered by the survey must be approached with great care on the grounds that this interval was relatively short and the mix/backgrounds of respondents could have changed over the period.Subject to these major qualifications, detailed analysis of the responses over time has suggested that the following relatively minor shifts may have occurred over the life of the survey:
The proportion of business plans prepared to secure approvals from shareholders/directors may have declined and the proportions used for internal/personal purposes and to raise venture capital/equity may have increased slightly. Respondents may have been taking progressively more time over their plans as evidenced by a gradual decline in the proportion of plans taking less than a month to complete.
Market analysis may have gradually replaced financial projections as the single most difficult part of a plan to prepare. Respondents may have been taking progressively more time over their plans as evidenced by a gradual decline in the proportion of plans taking less than a month to complete. Progressively, plans may have become even more difficult to prepare than had been originally anticipated.
The proportion of plans considered critically important may have declined slightly and the proportion viewed as important may have increased to compensate. For more detailed guidance on preparing a plan, check the white paper on our free 150-page Business Plan Guide and Template
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