A sports tape business plan is not as uncommon a plan as you might expect. Ever since gaining a high profile in the Olympics and being worn by a handful of high-profile athletes, sports tapes have exploded in the U.S. sports equipment and accessories market. No longer reserved for professional athletes, high school participants, casual runners, and recreational league players have all adopted the concept of applying medical resistance tapes to strained or sensitive parts of the body. The tapes can prevent injury, relax the muscles, and allow for more fluid range of motion. Sound like they product you've got? The business plan you need will give answers to all of the following:
• What is unique about your sports tape?
• Are there any patents pending on your tape?
• What is the product lifespan?
• What are there costs you face in production and what is the retail price?
• Do you have the support of any recognized figures or athletes?
The business plan pro forma should show how you will spend the start-up money (whether it's a loan or an investment) and it needs to include a 3-5 year model with a full start-up summary, personnel plan, the revenue forecast, a break-even point, cash flow analysis, the profit and loss table, and balance sheet. Year 1 post-funding should also be shown in a monthly detail. How will you market your sports tape? This is an important question and should be clear in your draft. Want help with this document? MasterPlans has written for sports tapes and new medical concepts before. Use our knowledge of sports and the equipment market to get your plan right now. Call for a free consultation and price quote by dialing 877-453-2011.
