Are you planning on writing a million dollar business plan? You'll need access to current research, a good handle on market and industry trends that impact your business model, a sound executive team and hiring schedule, and a good level of comfort modeling your financial performance for three to five years. Your plan should include a marketing and implementation roadmap and a full market analysis including a competitive assessment, an industry analysis, a look at the market need, and a summary that shows your intended targets and the ultimate scope of the market itself (in addition to any parallel or future markets you might explore). Your plan also needs to cover the following:
• When do you reach break even?
• How many employees will you need in each category, and what will you pay them?
• How does your start-up spending break down into categories?
• What amount of capital to you need and what is the repayment or equity arrangement you'll pitch?
• What are the biggest threats?
• Which growth opportunities can you explore and in what order?
Any million dollar business plan also needs a fully integrated financial pro forma showing past performance (if applicable) and your growth trajectory over a 3 year period (for a bank or the SBA) or a 5 year period (for private/angel investors or a VC firm). The complete model will need a ratios table and an offering statement, a sales forecast, the cash flow tables, profit and loss, balance sheet, and the break-even point clearly illustrated. Including the first year by month (generally an appendix item) and a so-called sensitivity analysis to gauge the impact of sales aberrations is also expected by most reviewers. MasterPlans has written million dollar plans time and again, and some of our best work has been integral in securing funding for both start-ups and existing businesses. Call our team of experts today to learn more about how we can help you: (877) 453-2011, toll-free.
