Presentation on theme: "[YOUR BUSINESS/COMPANY NAME] Business Plan. Business Overview Summarize: What your business will do – how it will provide consumer benefits sought in."— Presentation transcript:
[YOUR BUSINESS/COMPANY NAME] Business Plan
Business Overview Summarize: What your business will do – how it will provide consumer benefits sought in a new and unique way. How it delights customers. How it scales. The concept of scale is increasing revenue faster than increasing costs, i.e. an author doesnt have to write a new book every time someone buys his/her novel.
Show how your business will have unique, promotable, sustainable competitive advantage.
The Management Team List CEO and key management positions by name. Include previous accomplishments to show these are people with a record of success and requisite skills and experience. Summarize number of years and/or types of experience in this field.
Corporate Entity Type of corporate entity – flow-through or tax paying structure,.e.g. LLP, LP, S Corp, or C Corp)
The Market What is the market for the product? What is the size of the market and its potential? What are the growth prospects of the market? Show past growth trends. Who are your target customers? How are the target customers now being served, if at all? What was the result of your customer feedback, and how did you modify your plan based on it?
The Product What product or service are you offering that meets a need in the market? What are the unique differentiating features of your product? Screen shot of a website, app, e.g. What are its advantages over current products/services? What are the benefits of the product to your customers? How will it make their lives better or easier?
Business Model How will you make money? Revenue streams Expenses Profit potential/margins
Strategic Relationships Who are your customers? Existing relationships Who are your consumers? Existing relationships Who are your suppliers? Existing and potential relationships Exclusivities?
Competition List at least two major competitors and summarize what they do. What are their strengths and weaknesses? Financing Management Brand image How are you going to beat them? Vulnerabilities
Marketing Strategy Publicity Promotion Advertising Direct selling?
Barriers to Entry What are the barriers for new competitors to enter your business? What advantage do you have that they dont?
Financial Overview Financial plan summary that defines your financial model, pricing assumptions, and outlines yearly expected sales and profits, if any, for the next three years. Summary does not substitute for spreadsheets, which are distributed separately. Use no more than two slides to summarize this information appropriately. Include revenue and profit forecasts in your financial plan.
Use of Proceeds Technology/production/design requirements Personnel requirements Space requirements Financial requirements Technology/production/design, personnel, space, marketing, distribution, etc. Training
Capital and Valuations How much cash do you have? What are your capital assets? What is the value of patents and trademarks, if any? How are you valuing your business – how much is it worth now? (Pre-money valuation) If your financial projections are met, what will your company be worth in three years?
The Ask: How much money are you asking for based on your pre-money valuation. Have in mind, but dont state, how much equity you are willing to give up to get the funding you ask for in this initial funding round (A Round).
Next Steps What more do you need from us? May we have a commitment? (ask for the order)