Business Plan Outline That Works Simple and Effective Part 3

Business Plan Outline That Works Simple and Effective Part 3 - For more on online sales and distribution models see the guide from Yeoman Technologies which I have also included. Marketing Model How do you plan on getting the word out about your product or service?Jessica from Shoestring marketing offers a great 60 page guide about how to market your product or service on a budget, which you can download in exchange for your email.I have included a link where you can get that in the resources link below this Post.Team Who is on your team, why are they rockstars, and who is responsible for what. If you have outside advisors include them here.Financials This is where you try and predict your monthly revenues and expenses and how those will grow over time.

Focus on the next 12 months.Founders almost always underestimate how long it is going to take to reach profitability and how much money they are going to need to fund their business. While its the job of a company founder to be optimistic, it's important for this part of the plan that you are realistic.For a great layment's overview of how to put together your business plan financials seethe 3 Post series by the founder of Palo Alto Software and Tim Berry which I have included in the resources link below this Post.How to Expand Your Business Plan When Needed After going through the above process you should have somewhere between 15 and 20 slides giving you a solid overview of your business and how it will be run. If you are planning to raise money then for some sources (such as friends, family, and certain venture capitalists)this may be enough.

If you plan on trying to get a loan from a bank then what we outline above is a good start but you are likely going to need to have a written plan to go along with it. For this we recommend the business planning software by Live Plan which you can find on in the resources link below this Post.If you prefer to go the free route then I have included some templates from the folks over at SCORE in the resources link, as well as some other great resources for setting up your business plan. That's our Post for today. If you have any comments or questions please leave them in the comments section below. Also be sure to see the next Post in our series on how to start a business which covers how to raise money for your business.