Typical questions addressed by a business plan for a start up venture:
- What problem does the company’s product or service solve? What niche will it fill?
- What is the company’s solution to the problem?
- Who are the company’s customers, and how will the company market and sell its products to them?
- What is the size of the market for this solution?
- What is the business model for the business (how will it make money)?
- Who are the competitors and how will the company maintain a competitive advantage?
- How does the company plan to manage its operations as it grows?
- Who will run the company and what makes them qualified to do so?
- What are the risks and threats confronting the business, and what can be done to mitigate them?
- What are the company’s capital and resource requirements?
- What are the company’s historical and projected financial statements?
Fundraising is the primary purpose for many business plans. To raise capital business founders look to multiple investment sources, such as:
- Angel investors
- Business loans
- Friends and family
- Venture capital
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Business Plan Templates
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