Looking for your first start up template for pitching your Business Plan? Look no further !! We have you covered!!
A startup business plan serves several purposes. It can help convince investors or lenders to finance your business. It can persuade partners or key employees to join your company. Most importantly, it serves as a roadmap guiding the launch and growth of your new business.
Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success. This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise. Be honest with yourself as you work through your business plan. Don’t gloss over potential problems; instead, figure out solutions.
A good business plan is clear and concise. A person outside of your industry should be able to understand it. Avoid overusing industry jargon or terminology.
Most of the time involved in writing your plan should be spent researching and thinking. Make sure to document your research, including the sources of any information you include.
Avoid making unsubstantiated claims or sweeping statements. Investors, lenders and others reading your plan will want to see realistic projections and expect your assumptions to be supported with facts.
This template includes instructions for each section of the business plan, followed by corresponding fillable worksheet/s.
The last section in the instructions, “Refining Your Plan,” explains ways you may need to modify your plan for specific purposes, such as getting a bank loan, or for specific industries, such as retail.
The following sections are important when pitching in your Business Plans:
A Company “Mission Statement” tells the reader the targets and reasons for being in the competition. Does the company strive to solve a current Problem? This could be one of the key reasons for success!
Company Goals are for the investor to understand future short term and long term goals for the company. Are you taking the necessary actions to make the company a success? Are you focusing your efforts on Products or on Marketing as well?
Products section tells the audience whether you are dealing in niche Products or you are simply focusing on reduced prices to capture the market? Products that are niche have a good chance of receiving success. This is where the Business Plan should also capture Quality Assumptions and Constraints. Key questions will be how the company supplies Quality Products to the customers.
Future Projections are important and tell the audience how you intend to monetize your Business? What pat of cash flows will go into making the product versus what part will go into marketing, salaries of the start up
Some investors may also look into whether the innovator or entrepreneur has looked into Risk Projections for his business. What are the the threats for the business? Will new entrants be able to bring in equal domain expertise and similar products? How does the entrepreneur address hiring? Hiring for Start Ups can be a problematic area to address
Team & Management Organization
You need advisors that bear a good credibility in the market to showcase seriousness of your business and you need a management organization that has
This is why you are pitching!!! You need funds to start up and this is critical. You need to include assumptions of how you will manage funds. You may want to have a competent Project Manager or Finance Expert do this for you!! Assumptions like funds for Facility, Logistics, Salaries, Contracts, Procurement etc should go into the Business Plan
The entrepreneur may want to include a Cost Benefit Analysis to Project break even and an exit strategy for investors to understand how and whe they will be able to redeem their funds for profits
Before you are ready to share ->
Proofread your completed plan (or have someone proofread it for you) to make sure it’s free of spelling and grammatical errors and that all figures are accurate.
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