Step 1: Determine the characteristics of the venture and its industry.
Step 2: Determine the financial structure of the plan ( amount of debt or equity invest-ment required).
Step 3: Read the latest balance sheet ( to determine liquidity, net worth, and debt/ equity).
Step 4: Determine the quality of entrepreneurs in the venture ( sometimes the most important step).
Step 5: Establish the unique feature in this venture ( find out what is different).
Step 6: Read over the entire plan lightly ( this is when the entire package is paged through for a casual look at graphs, charts, exhibits, and other plan components).