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Live Plan is another super-easy-to-use tool where you input your information and it creates a one-page, infographic-style business plan for you.
Check out these insanely creative business plan templates for your new business idea and imagine the difference one could make in helping you get past that first major hurdle with investors: grabbing their attention in a BIG way.
Present your market analysis, timeline, statistics, and more in an engaging and highly visual infographic.
In addition, it should identify the milestones you need to accomplish over the next 1-3 years in order to achieve success. Management The Management Team section of the business plan must prove why the key company personnel are “eminently qualified” to execute on the business model.
Also mention gaps in your team and who you need to hire. Financial Plan Your financial plan is critically important to investors.
The license for this plan is $16 and gives you access to hundreds of editable slides to choose from.
Have you noticed that the trend in business planning right now is that less is more?Get as specific as you can with regards to the demographic and psychographic make-up of your customers. Competitive Analysis In this section, identify your competitors and their key strengths and weaknesses.Importantly, identify your competitive advantages, that is, why you can be more successful than the others. Marketing Plan In this section, you will describe your products and/or services and your desired brand positioning.If you are seeking funding, identify how much money you need to start and/or run your business, and the primary uses of these funds.Finally, include a summary of your financial projections. Appendix Use the Appendix to support the rest of your business plan.You're making your pitches even tougher if you're using a generic, flavorless business plan.But I know from experience that the last thing you have when you're starting your own business is an abundance of time to dream up creative ideas for your business plan.To help you out, here is my proven business plan template, and the information below details the 11 key sections to include in your plan. Cover Page As simple as this seems, include a cover page with your contact information so potential investors can easily reach you. Executive Summary If investors don’t like your Executive Summary, they won’t read any further, so this section is critical.Concisely describe what your business does and what market need it solves.The very process of developing your plan helps you understand they type of business you'd like to build, and the action plan which you will need to follow.However, there's only one time when EVERY entrepreneur and business owner develops a business plan. Since virtually all lenders and equity investors require a formal business plan.