LAST WEEKS BUSINESS PLAN ATTACHED
Key Assignment Draft
Write a detailed outline (like the one below) of your business plan. Organization is important.
Outlines will vary based on the type of venture. A basic outline of the proposed business plan would include the following:
- Cover Page
- Name of the business
- Address and phone number
- Issue date of plan
- Table of Contents
- Executive Summary
- Company information
- Market opportunity
- Financial data
- Company
- Background
- Business form
- Reason for the firms establishment
- Environmental Analysis
- Economic
- Competitive
- Legal
- Political
- Cultural
- Technological
- Products or Services
- Different from those currently on the market
- Other uses for the product
- Drawings or photos, if appropriate
- Patents or trademarks
- Competitive advantage
- Potential for growth
- Manage the product or service through the product life cycle
- Expand the product line or develop related products
- Management Team
- Technical skills
- Business skills
- Experience
- Compensation
- Training
- Professional assistance
- Time Line
- Outline interrelationship and timing of major events planned for your venture
- Timing of objectives should be realistic and attainable
- Benefits to the Community
- Economic development
- Community development
- Human development
- Exit Strategy (How and how long before you and your investors will exit the business and get back your investments?)
- Who will succeed you in the business?
- Will the business be sold?
- Financial Plan
- Sources and uses of capital (initial and projected)
- 3-year projections of:
- Cash flow statements
- Balance sheets
- Profit and loss statements
- Breakeven analysis
- Conclusions and important points:
- Discussion of how much equity and how much debt are included
- Highest amount of cash needed
- Expected payback period for loans
