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Advise from the Masters

Hi Guys,
This is Tejas,24. I am working in a Software company. Today I have given my resignation. I had this entrepreneurship zing in me and wanted to be on my own since I was a kid. But family financial situation forced me into a job. But now that I have saved some money for a year or so, I am all ready.

As the discussion title says, I need an advice. I know all of you present here are masters in this wonderful area. I am in a nascent stage and have these doubts:

1) My Venture that I am planning is related to Hospitality and the business plan is on its way. Just need to know what are the “accountancy” things that I need to include in my plan?

2) Break-even analysis, Sales Forecast etc are some of the things that I know. Can anyone give me the complete list?

3) Also if possible, is there any template which I should follow for the business plan?

I apologize if the questions sound amateurish, but I belong to engineering, and apart from Trading that I do I am completely ignorant of the Finance part.

I look forward to your valuable replies. Thanks in advance. Have a great day guys!

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4 Comments

  1. hi tejas,

    welcome aboard!

    take a deep breath and start going through all the awesome content we have here.

    i would like you to go through the presentations here – https://www.therodinhoods.com/forum/categories/presentations/listForCategory

    and here – https://www.therodinhoods.com/forum/categories/open-house/listForCategory

    and here as well https://www.therodinhoods.com/forum/categories/funding-pitches/listForCategory

    if you want to read alok’s posts – https://www.therodinhoods.com/forum/topic/listForContributor?user=3b9tok18sbp28&sort=discussionsStarted

    we have some amazing startup articles written by rahul varshneya & prajakt raut – https://www.therodinhoods.com/profile/RahulVarshneyahttps://www.therodinhoods.com/profile/PrajaktRaut

    all the best. sometimes taking time off clears one’s thoughts. i’m sure you’ll be able to figure out stuff…

  2. Never seen an Editor giving such a prompt reply!
    Thank you M’am. I will make sure I go through them.

    Believe me, I have loved every article and every discussion of this forum. Worth reading.

    Thank you again for the reply. 🙂

  3. actually tejas i was gonna write to you as soon as i finished moderating your post. i got into a skype meeting with alok so i didn’t get to write to you then!!!

    and pls call me asha. 

    you can’t find me at asha@rodinhood.com if you need to know about anything else….

    p.s: i’ve checked out your blog. you can write. we love writers!!!

  4. Thank you!
    Well you can say I am that kind of a writer who always suffers from writer’s block.

    I would surely mail you in case I need anything. Meanwhile I am enjoying the articles in this site.
    I would post my business plan as soon as the accounts part of it gets ready.

    Have a nice evening. 🙂

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