A one year business plan is not considered the industry standards but sometimes it's all you need. While conventional wisdom dictates that you should have a three-year pro forma and roadmap to obtain a loan or line of credit -- or a five-year plan, to attract investors or venture capital -- in certain cases that first year post-funding is when all the magic happens. Perhaps you own a technology that will stop earning direct revenue within 12 months when it's sold to a larger player. Maybe you're putting on a concert and the business plan simply needs to describe a one-time event. No matter what it is that makes the one year plan your goal, be sure to cover the following:
• What is the market need you fill?
• Who are your target customers?
• How much capital, if any, do you seek in order to launch?
• What marketing will be required?
• Who are the big competitors in your market space?
Even at one year, your plan should include a brief financial model showing your break-even point, use of funds, and profit and loss along with a balance sheet. In fact, showing Year One by months is a good idea in this scenario as it will fulfill two requirements (many lenders look for Y1 monthlies). Need help putting this plan together? MasterPlans can answer all your questions or, better yet, assign your project to the in-house team of professionals we have assembled. Writing plans since 2002, we have a great success record and we can help you too. Call 877-453-2011 now.
If you are ready to go, or not sure what kind of plan you need, fill out the form below and we'll call you.