Your target customers, market and competition: A summary of key insights that demonstrate you have a strong understanding of your customers and how to identify themyour market and how to position yourself within it and your competitors and how to differentiate yourself from them on factors like price, quality, brand etc.
Describe how the employees will be sourced and the employment relationship i.
Section 6: Operating Plan The operating plan outlines the physical requirements of your business, such as office, warehouse, retail space, equipment, inventory and supplies, labor, etc.
Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows. No, it won't be completely unique, but vFinance knows what it's doing and the template is pretty comprehensive. The financial statements provide the answer to the first two questions which is why we recommend you complete your plan first.
If you'd rather do a business plan presentation than a Word doc, you can download one of Microsoft Office's half a dozen or so PowerPoint templates for just that purpose.
This will help you to recruit other members of the Board. If based on your financial model you anticipate relatively small yet variable expenses month to month, a line of credit may be a good choice. For a startup, this would be on the day the business opens.