PlanWare - On-line Survey Number 2


Please only answer questions if you have had direct experience of compiling a business plan. Your replies are absolutely confidential.

To see results to date, scroll down to the link for View Vote Stats at very bottom of this page.



Are you or have you ever been directly involved in writing a business plan?
Answers Votes Percent
1.
Yes - a comprehensive plan 1305 21%
2.
Yes - a fairly basic plan 2480 40%
3.
No - don't answer further questions. Scroll down to see results 2340 38%
Total Votes: 6125

What was the primary purpose of the plan?
Answers Votes Percent
1.
For personal/internal use 1167 26%
2.
Raise bank loans 702 16%
3.
Raise venture capital/equity 702 16%
4.
Assess viability of business 945 21%
5.
Secure approvals from shareholders/directors 349 8%
6.
Other 557 13%
Total Votes: 4422

How many pages long was the main part of your plan? (Ignore appendices, attachment etc.)
Answers Votes Percent
1.
Under 10 1905 44%
2.
10-25 1602 37%
3.
26-50 631 15%
4.
Over 50 152 4%
Total Votes: 4290

How much time elapsed between starting to research the plan and its completion?
Answers Votes Percent
1.
Less than a month 1813 43%
2.
2-3 months 1443 34%
3.
3-6 months 568 13%
4.
Over 6 months 432 10%
Total Votes: 4256

To what extent were external advisers/consultants used to help prepare the plan?
Answers Votes Percent
1.
Major inputs 710 17%
2.
Limited inputs 1784 42%
3.
No involvement 1768 41%
Total Votes: 4262

How many drafts of the plan were prepared?
Answers Votes Percent
1.
Just one 1283 30%
2.
2-4 2390 56%
3.
5 or more 578 14%
Total Votes: 4251

Which part of the plan was the most difficult to research/write?
Answers Votes Percent
1.
Market analysis 810 19%
2.
Sales plan & forecasts 598 14%
3.
Technology/R&D 120 3%
4.
Operations/management 183 4%
5.
Financial projections 1038 24%
6.
Investment proposals 196 5%
7.
Other 90 2%
8.
All parts equally difficult 1083 25%
9.
No part was particularly difficult 174 4%
Total Votes: 4292

Did you spend more time researching for the plan than writing the plan itself?
Answers Votes Percent
1.
Much more time researching 1873 44%
2.
Slightly more time researching 794 19%
3.
Researching and writing about the same 841 20%
4.
Less time researching than writing 534 13%
5.
No research required before writing 202 5%
Total Votes: 4244

Was preparation of the plan more or less difficult/lengthy than you had anticipated?
Answers Votes Percent
1.
Much more difficult 1292 30%
2.
Somewhat more difficult 1618 38%
3.
In line with expectations 1158 27%
4.
Somewhat easier 126 3%
5.
Much easier 51 1%
Total Votes: 4245

Overall, how important/useful was the plan in terms of developing the business?
Answers Votes Percent
1.
Critically important 2006 47%
2.
Important 1715 40%
3.
Limited importance 441 10%
4.
No importance 105 2%
Total Votes: 4267


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