Good Business Plan

10 things that make for a GOOD BUSINESS PLAN 6th December 2010, SME Buzz, Economic Times 1. Vision/problem statement. What problem are you solving. Who are you solving it for? What’s your big vision? Where do you want to be in the future? 2. Who are the 3-4 key people in the founding team? Their past successes and domain expertise. 3. How large is the market you are addressing? How fast is it growing? How large a market share can you capture? 4. What is the product or service that you are offering? How does it solve the problem? What’s unique about it? Describe the technology. 5. Competitive landscape. Who are the current or future players in this market? How are you different (IP, customer segment)? What are the barriers to entry? 6. What is your business model? Who all will be affected by your solution and what benefits do they derive? 7. What is the stage of the product/service and what is the roadmap? 8. Go-To-Market strategy. What channels do you plan to use? What partnerships will you need to establish? What if you are not able to get these partnerships? 9. Financial projections. Yearly financial projections up to 4-5 years out which should be optimistic but realistic. 10. And finally, how much money are you looking to raise? How long will it last? What will it be used for? How much do you expect to raise in the future?