SMEAC Business Plan Template
Executive Summary (1Page) A Summary of Your:
- Company Name and Contact Info
- Business Concept
- The Market for Your Product
- Unique Value Proposition and Strategy
- Managerial Expertise
- Financial Forecasting
- Financing Being Requested
Business Plan Body:
- Situation
- Problem in Need of Solving
- Factual Evidence
- Mission
- Mission Statement- Should Answer in 25 Words or Less:
- What Business Are You In?
- Who is Your Target Market?
- What is the General Nature of Your Business?
- What CommonBeliefs and Values Attract Your:
- Customers?
- Employees?
- Investors?
- Do They Believe What You Believe?
- Execution
- Company History (If Company Already Exists)
- Company Founding
- Financial and Operational Highlights
- Significant Achievements
- Product/Service Description
- Features
- Benefits or Transformations
- Intellectual Property if Applicable
- Profit Centers
- Primary
- Secondary and Peripheral
- Marketing Plan
- Market Research and Analysis
- Industry Profile
- Size
- Growth/Decline?
- Emerging Developments and Trends
- Barriers to Entry and Exit
- Seasonal Trends
- State of Development (Start-up, growth, maturity)
- Target Market
- Clearly Defined Customer Segment
- Demographics of that Segment
- Geography
- Who, What, Where, When, and Why do they buy?
- Positioning
- Unique Sales/Value Proposition and Niche
- Pricing Tier
- Customer Experience Spectrum
- CompetitiveAnalysis (Existing and Potential)
- Existing Competitors
- Market Share
- Strengths
- Weaknesses
- Price Comparison
- Impact on You
- Potential Competitors
- Potential Impact on You
- Market Strategy
- Communications Channels
- Ideal Methods to Reach Target Market
- Media Type
- Frequency of Use
- Costsand Impressions for Each Media Type
- Distribution Channels
- Sales Force
- Size and Recruitment
- Sales Staff or Intermediary Compensation Model
- Sales Metrics
- Market Budget
- Summary of Marketing Key Performance Indicator Tracking
- Market Intelligence Gathering
- Surveys
- Customer Feedback
- Focus Groups
- Ongoing Market Pricing and Trend Analysis
- Operations Plan and Organizational Chart
- Production Process (If Applicable)
- Financial Controls
- SMART Key Performance Indicators (KPI’s), Goals and Objectives:
- Financial
- Operational
- Other
- Customer Service Plan
- Follow-up
- Referral Programs
- Repeat Customer Plans
- Company SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
- Admin and Logistics
- Quantity and Type of Key Resources
- People
- HR Needs and Supply of Quality Labor
- Wage Rates/Compensation Packages
- Equipment
- Licensing
- Insurance
- Legal and Ownership Structure
- Real Estate
- Traffic Count
- Lease/Rental Rates
- Location Demographic DataVs Target Customer Profiles
- Size and Layout Requirements
- ADA Compliance
- Ergonomics
- Time to Major Milestones
- Minimum Product Viability
- Breakeven Cashflow (Crossing the Chasm)
- Profitability
- Exit Strategy
- Financial Forecasting (Estimate Based on Previous 7Needs + Buffer)
- Cost Structures
- Fixed Cost Estimates
- Variable Cost Estimates
- Gross Profit Margin
- Discounts
- Breakeven Analysis
- Pro Forma
- Past Performance Using The 4 Financial Statements (For Existing Companies)
- Income Statement
- Balance Sheet
- Statement of Cashflows
- Owner’s Equity Statement
- Projections of the 4 Financial Statements
- Ratio Analysis Compared to Industry Standards
- Types of Financing Proposed
- Personal
- Debt
- Repayment Schedule
- Use of Funds
- Equity
- Use of Funds
- Exit Strategy
- Combo
- Timetable for Launch
- Command and Signal
- Organizational Structure
- Decision Making Authority
- Descriptions of Key:
- Founders
- Managers and Employees
- Suppliers
- Board of Advisors
- Investors
- Outsourcing Partners
- Any External Business/Entity Vital to Success
Appendices: Tack Appendices onto the end of the business plan. These can include
- Important Market Research
- Supporting Documentation
- Financial Statements
- Org Charts
- Resumes, And Other Large Datasets that might otherwise interrupt the flow of the business plan if inserted somewhere else the plan.
Good Business Plans:
- Avoid anecdotal evidence whenever possible (opinions with no facts to back them up).
- Are Simple and Concise and avoid generalizations, jargon, cliché wording, buzzwords whenever possible.
- Have simple and relevant color illustrations and graphs.
- Are Clean and Visually Appealing
- Are Free of Spelling Errors and Typos
- Are Interesting
- Show realistic cashflow projections and a path to profitability.
- Only long enough to communicate all the relevant facts.