Are you looking for formulated business plans, or trying to write your own and wondering what goes into a successful business plan? The formula behind a winning business plan is simple: you need a clear explanation of what your business offers and why it's unique, coupled with an honest assessment of the market for your product or service and a financial model that shows the potential profit from that opportunity. Sounds easy, right? Unfortunately it's harder than it looks. Unless you have advanced software or outside support, piecing together a business plan can be a true challenge that requires dozens if not hundreds of hours. For most companies, the business plan “formula†is as follows:
1- Executive Summary – overview of your business concept
2- Product/Service Description – presentation of what you sell
3- Market Analysis – snapshot of the buyers, competitors, industry trends, etc.
4- Marketing Strategy – report on your advertising and promotional initiatives
5- Management Team – bios on chief executives and advisors
6- Exit Strategy – how do you envision leaving the business?
7- Financial Model – 3-year or 5-year projection of sales, expenses, and investor return/lender payback
If you can cover each of these sections in a level of detail to satisfy investors, you're probably well on your way to a successful meeting with a lending agency or angel group. If this formula has you stuck, you should turn to a professional consultant. MasterPlans.com has been helping entrepreneurs and small businesses develop great business plans since 2002. From our office in Portland, Oregon, we have worked with 8,000 start-ups and existing businesses creating top-tier business plans for VC firms, institutional investors, and the SBA. Call us today at 877-453-2011 to speak with a business development expert about your project.
