Tuesday, January 23, 2007

a potential template

Here's a suggested template for the executive summary due later this month:

Business Plan Format

Executive Summary (1-3 pages)

    • Your business idea or concept
    • The target market and size
    • The target customers
    • Your competitive advantage
    • Barriers to entry
    • Estimated year of breakeven profitability
    • Three years of estimated revenues and net income
    • Your funding requirements
  1. Business Overview
    • Company description and business model
    • Value proposition- financial
    • Current status
    • Current or committed funding and all funding sources
  2. The Market Opportunity (the problem, the customer's pain)
    • Why is this such a great idea? Define the problem, describe the pain
    • Competitive analysis (how the problem is not being solved by competitors)
  3. Market Solution
    • Product or service
    • Description of a working model or prototype, if appropriate
    • How you will remove the pain, solve the problem
    • Ability to create barriers to entry
  4. The Market
    • Identification of customer(s)
    • Market size, analysis and forecast
    • Industry analysis and forecast
  5. Management Team
    • Founders and key management
    • Industry experience, education
  6. Financial Analysis
    • Outline overall financial model with detailed projections through Year 3
    • including pro forma cash flow and budget analysis
    • Other analysis, as appropriate (i.e. break even analysis)
    • Discuss assumptions and capital requirements
  7. Funding request