What are the key elements of a fundable business plan?
Since the business plan is the backbone of your venture; and the necessary first step for controlling your business and securing funding, there are seven key elements that your business plan must cover: 1. An accurate representation of your company’s advantage over competition 2. Why your concept will deliver a strong financial return 3. A profitable market exists for your product or service 4. Details on how your company will reach that market and gain market share against established competition 5. Project unbiased sales and financial forecasting for a clear picture of revenue potential 6. Defines and integrates the Operations and Marketing strategies 7. Serves as a practical road map for your company’s success and future growth. 8. An accurate representation of your company’s advantage over competition 9. Why your concept will deliver a strong financial return 10. A profitable market exists for your product or service 11. Details on how your company will reach that market and gain m
