THE NEW BUSINESS: Business Plan checklist (printable)
Here's a checklist regarding some fundamental steps when preparing a business plan:
1. Executive Summary. It has to be catchy and readily understandable. Many readers stop here if it is not. It is where you SELL your idea/findings.
2. The Service/The Product
3. Market Analysis. How many want to buy, how many are offering it already, are people buying similar stuff already, can your product/service substitute anything that already exists? What is your competitive advantage compared to others? How much do you rely on third parties, i.e. suppliers, licensors, authorities etc.
4. Strategy & Implementation. Objectives, Mission & Keys to Success.
5. The Team Behind the Venture. Experience, now and in the future. What kind of investor is needed, if any. Do you need money only? Or do you need an investor with experience in the business you're in?
6. Financial Summary, including gross margins, start-up financing requirements, cash-flow forecast, break-even point and sensitivity analysis, short/medium/long term financial strategy
7. Risk assessment - AND HOW TO MITIGATE THE RISKS.
8. Exit scenario(s)
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