119x Filetype PPTX File size 1.19 MB Source: www.ecmt-plus.eu
Structure of a business plan 1. Executive Summary This is an overview of your business and your plans. It comes first in your plan and is ideally only 1-2 pages (VISION). 2. Company Overview The company overview provides a quick review of the company’s legal structure and location, as well as some background on the company’s history if you’re writing the plan for an existing business. 3. Products and Services What are you actually selling and how are you solving a problem (or “need”) for your market (SOLUTION)? 4. Target Market Who are you selling to? If there are multiple market segments for your business, this is where you flesh out the details (MARKET OPPORTUNITY). Ron Beirens 2 Structure of a business plan 5. Marketing and Sales Plan How are you going to reach your target market? What marketing and sales tactics will you be using (MARKET OPPORTUNITY)? 6. Milestones and Metrics If you’ve accomplished some key milestones in the process of building your business, detail them here. This chapter also defines how you measure success. 7. Management Team Investors look for great teams in addition to great ideas. Use this chapter to describe your current team and who you need to hire (COMPETENCE). 8. Financial Plan Your business plan isn’t complete without a financial forecast. We’ll tell you what to include in your financial plan (REVENUE MODEL). Ron Beirens 3 Balance sheet Ron Beirens 4 Income statement Ron Beirens 5 Biggest difficulties for students 4. Target Market Who are you selling to? 5. Marketing and Sales Plan How big is that market? Making estimates! I can not calculate!!! You have to!!!! Start from a total population (country-several countries) Narrow down to age/gender/lifestyle … according to your defined target. Once you estimated the size take a percentage of the target that you will sell to. However wrong this will be it will be of use once you’ve launched the product/service to recalculate your forecast. Ron Beirens 6
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