An observatory business plan is not a common document, but it should be developed in a fashion similar to any other business designed for scientific study like a lab, research center, etc. Some of the big questions relate to how the venture will derive revenue. Will the observatory be rented out by private companies or individuals? Or is it designed to be used by a university, and paid for by an endowment? Is it part of a museum or tourist complex? If the observatory makes money by selling its use, figure out what value that has to the business. If it's not a revenue-generator, the plan should use a non-profit model and focus more on the abilities of the observatory. Questions for your plan:
• Who will be targeted/allowed to use the observatory?
• What amount of capital funding do you need to build or launch?
• How will the seed money be allocated, by category?
• Are there leased equipment costs or will everything need to be purchased?
• What staffing needs will the observatory have?
Your personnel plan needs to show when people would be hired and at what rate or salary. This should be part of a larger financial model that shows three to five years of projections including cash flows, a balance sheet, a break-even point (if applicable), and a complete use of funds. The appendix should also have a monthly breakdown for key metrics achieved during Year One. Need help with your observatory business plan? MasterPlans can deliver for you. Out team of expert writers and researchers can create the document you need for your presentation. Call us today at (8770 453-2011.
