Business Plan

Business Plan - Marketing Plan

After market research comes preparation of marketing plan, but before that let us talk briefly about the the competition. Marketing plan cannot be made without considering competition. Many entrepreneur realize the potential of RFID and will be entering this profitable market, making it competitive. This makes it essential to have a plan to counteract the [...]

Business Plan - Market Analysis

A Venture capitalist is always looking for ways to validate the claims in Business Plans. They are expecting solid market research for the demand of your products or services in near and long term future. Once the potential of the product / service is established, venture capitalist feels much at ease to invest in your [...]

Business Plan - Product/Service Description

Products/services and the management team makes the company successful. Business startup like ours, has an idea to nurture and develop it into a product or a service. A Venture capitalist, however views your idea as an outsider, hence he needs explanation of this idea in layman terms. Let me be clear, I do not intend [...]

Business Plan - Company Description

If Venture Capitalist has gone past the page of Executive Summary, then you have good chances, that your venture will be financed. One must fortify the success of Executive summary with a balanced Company Description and that is what we will attempt to do in next few paragraphs.
Describing one’s own company fairly can be a [...]

Business Plan - Executive Summary

Today, I will try to create first draft of Executive Summary, the most important part of our Business Plan. An exciting Executive Summary must contain following ingredients:

Description of the Company
Description of the service/product
specialty of your service/product
The Management Team
Financing needs

It is very easy to get carried away in an effort to [...]