Writing a business plan is really a very challenging task that every fresh businessman requires high experience and knowledge. Even with both of them, only a few of them can get their business plan approved by venture capital. Of course you will find this work so stressful since you may always have to change some part of the business plan before handling to the specific financial institution which you will have to learn more about the characteristic of the financial supporter.
How ever, the following elements are what you will have to follow regardless of who you are going to handling to.
Cover sheet (View sample)
Introduction
Table of contents
The executive summary is designed to pique the interest of decision makers. It should contain a brief overview of the most important aspects of the business plan. In particular, it should highlight the product or service, the value to the customer, the relevant markets, management expertise, financing requirements, and possible return on investment.
Ann Winblad, Venture Capitalist
“A good executive summary gives me a sense of why this is an interesting venture. I look for a very clear statement of the long-term mission, an overview of the people, the technology, and the fit to market.”
Make it short but targeted. It should include the nature of your business and how it successes. It is very important to target your market and how you satisfy their needs and wants.
About Product or Service
Show them how great your product or service is. If you are on product then give them the detail about the uniqueness of your product. Let’s them know how you come up with this product idea and a further information about the development of the product is very advance.
Technology
Not all business need this section. If you are in business which requires high or new technology, then this is extremely important and you may give more detail about the technology since the readers may not have no idea about it. Click here to learn more about how important this Technology Section to your business.
Management Team, Organization
It is one of the most important part of the business plan. Most venture capitalists do turn to this page when reading business plan sample. Business is not different from being superstar. If you are a very well-known person, then you are more likely to get approved if your business plan is good. It is all about other important top management and how skillful are they in developing the company.
Marketing Plan and Competition
Thorough understanding of your customers and their needs is the foundation of every successful business, for it is the customers who give your company a reason for being. And in the end, by buying – or not buying – your product, or service, they will decide if and how successful your company will be. Only those customers, who are convinced they are getting a greater value than they would from a competing product, or by not buying a product at all, will buy your product. Knowing your market and competition well is thus critical to the success of your undertaking.
Just get yourself expose much to how your product or service produced or served and how to maintain and develop for a better business. Click here to learn more about what you should include in Operations section.
Financial Planing
Financial planning assists you in evaluating whether your business concept will be profitable and can be financed. To this end, the results of all preceding chapters must be compiled and consolidated. Projected growth in value results from the planned cash flows from your operative business. These are revealed through liquidity planning, which also provides information on your various financing needs.
Liquidity planning enables you to determine the amount of capital you will need and when you will need it, but it does not indicate how these needs will be met. Click here to learn more about how to find money.
The Appendix (Optional)
The appendix should provide the read with more supporting documents such as:
- Information about key people: managers, attorney and accountant
- Product pictures
- Letters of reference
- Other documents: copies of leases, details of market studies, building permits, contracts and other legal documents.
