Gather and Include Price Quotes
Any documentation you gather for this Section will protect you later. For example, it is a healthy thing to get quotes from suppliers in order to keep straight what was promised, when it was said, and by who. There’s nothing quite as strong as the written word to quash any discrepancies or arguments that might arise later.
Items that require price quotes might include:
- Product or service suppliers.
- Proposed equipment purchases.
- Owned or leased properties.
Action
If you have set up a working copy of your business plan using the Shell™, this information will be entered included in your business plan as an appendix. It will be included under Section 6 Appendices “Price Quotes”
- Get written prices from as many sources as is appropriate, usually at least three; the only time just one source is suitable is when there is only one source.
- Include only the best source in the Appendix, unless you feel strongly that one or more of the others proves a point.