The easiest business plans, you might think, are those that don't require much content. The ones that describe a business model so simplistic, that there's a “no brainer†(or “duh!â€) element to everything the plan contains. But this isn't always the case. Sometimes the most obvious market opportunity still needs a cogent set of current research describing it, and you'll find that no matter how simple a concept might feel to you, it still needs a certain “secret sauce†to get across to investors. So the easiest business plan might in fact be the one that has the most ready-made research available online – one for which the concept is something that's already been researched and discussed so that you have access to cheap, topical research, data, and content in support of your idea. The business plan should also include:
• A full description of what you will sell or offer
• A look at the market opportunity in the near term
• A description of the industry trends and metrics
• A profile of your key team members
• A look at the hiring timeline and salaries
The business plan will need a financial model, whether you chose to make a simple/easy presentation or not. For a bank lending document, this means showing at least three years of projections, including a revenue forecast, break-even analysis, profit and loss, cash flow, and balance sheet. A start-up/use of funds, key ratios, and appendix section are all smart inclusions as well. For the investor grade plan, you will want to show 5 years of projections and wrap in a proposition about their shares and/or the exact ROI that you project for the business. Want to make things simpler for yourself? Hoping to find an easier way to make a business plan? Call MasterPlans today. Our team of expert writers and modelers has been working on plans for almost a decade: 877-453-2011.
