Your business plan outline is the first step in organizing your thoughts.And, when you follow the outline below, you ensure your business plan is in the format that prompts investors and lenders to take action.If you’re looking for funding for a new or existing business, you need a business plan.
Your business plan outline is the first step in organizing your thoughts.And, when you follow the outline below, you ensure your business plan is in the format that prompts investors and lenders to take action.Tags: Example Of Dissertation AbstractEssay Questions On Mayor Of CasterbridgeIllustration Essay DefinitionBaz Luhrmann And Franco Zeffirelli EssayDeveloping A Research PaperHow To Write An About Me Essay
4 - Relevant Market Size The relevant market size is a much more specific calculation of your market size.
It is the annual revenue your company could attain if it attained 100% market share.
Your relevant market size is calculated by multiplying 1) the number of customers who might be interested in purchasing your products and/or services each year and 2) the amount these customers might be willing to spend, on an annual basis, on your products and/or services.
Section IV - Customer Analysis Your Customer Analysis section has two sub-sections as follows: 5 - Target Customers Your Target Customers section precisely identifies your current and/or intended customers.
Here is where you set goals for specific and critical undertakings, such as when a new product will be created and launched, by when you plan to execute new partnerships, etc.
Section VIII - Management Team Your Management Team section has three sub-sections as follows: 16 - Management Team Members This section details the current members of your management team and their backgrounds.
17 - Management Team Gaps Particularly if you’re a startup venture, you will have holes in your team; roles that you’d like to fill later. 20 - Financial Highlights Your full financial model (income statement, balance sheet and cash flow statement) belong in your Appendix, but in this section you’ll include the highlights.
Identify such roles here, and the qualifications of the people you will seek later to fill them. For instance, include your revenues, key expenses, and projected net income for the next five years.
In this section of your business plan, outline who your indirect competitors are, and their strengths and weaknesses.
9 - Competitive Advantages Importantly, identify your Competitive Advantages in this section.