Your business plan is an essentially part of your small business success strategy. Secondly, the business plan will typically refer to intellectual property (IP) and intellectual property rights (IPR)-protected elements to describe the company’s unique specificities and the assets and resources that can be called upon for establishing win-win collaborations with clients, partners and investors.
Business financials for most startups are less complicated than you think, and a business degree is certainly not required to build a solid financial forecast That said, if you need additional help, there are plenty of tools and resources out there to help you build a solid financial plan.
Non-profit, as well as government agency business plans tend to focus on the “organizational mission” which is the basis for their governmental status or their non-profit, tax-exempt status, respectivelyâ€”although non-profits may also focus on optimizing revenue.
This situation is complicated by the fact that many venture capitalists will refuse to sign an NDA before looking at a business plan, lest it put them in the untenable position of looking at two independently developed look-alike business plans, both claiming originality.
In addition to presenting a layout, style, and formatting appropriate for a plan that is to be presented to funders for consideration, a template should provide a financial model which can cut significant time off the preparation of the numbers of the business.