Business Plan Template Teams of prospective

Transcript:Business Plan Template Teams of prospective:
Business Plan Template Teams of prospective Innovation Fellows must submit a complete and well-written business plan for the venture in presentation format similar to this sample template. This sample deck is being provided to best achieve an equitable evaluation process by the NJEDA. Teams should ensure the presentation adequately describes all relevant features of their proposed business venture. Consider the program requirements and scoring framework as you compose the deck. [Company Name] Business Plan [Company Logo] Mission Statement What is your company's long-term mission? Where do you see your company’s growth going? Tip: Be as concise as possible! Note that businesses must be within one of the EDA’s target industries to be eligible for this program. Team Who are your key managing members? What previous accomplishments or experience do they have that is noteworthy and relevant? Note that teams must be of at least three people with at least half being first time entrepreneurs. Teams may be awarded additional funds for having diverse members or members who have graduated from NJ universities. Market Summary Where is the market currently? Where was the market previously, and where is it going? How large is your company’s Total Addressable Market (TAM)? Tip: Highlight sources of data Business Concept & Structure Summarize your business’ overall concept. What problem is it trying to solve? What are your differentiators? Is your business a university spin-out? On what IP/technology/strategy is your business based? SWOT Analysis Strengths Opportunities Threats Weaknesses Competitive Analysis Summarize competition and outline your competitive advantage against your competitors. Goals and Objectives What are your company’s goals over the next: 12 Months? 24 Months? 5 years? Tip: Be specific AND be measurable! Financial Plans Provide a financial model covering the next 3-5 years. What profits do you expect yearly? How are these affected by projected sales volumes or pricing strategies? Tip: Use as many slides (of the 15 available) as needed to describe this fully! Financials are important! Sources & Uses of Cash Resource Requirements What technology is required to make your business a success? What personnel is required? What financial resources are needed? (third party capital, etc.) What other resources can you tap into? What will be outsourced? What Supply Chains will you need to access? What will you need in terms of marketing/promotion/PR? Key Issues What near term decisions will need to be made? What effects may result in the long term? What