Monday, July 27, 2009
These are all questions about Business Plan:
* Executive summary
* Company overview
* Products and Services
* Marketing plan
* Operational plan
* Financial plan
* Management structure
Executive summary
* What is the opportunity
* What is the product(s)
* What services will be provided
* Who are the target customers
* Who are the key people
* What are the key commercial targets
* What are the main milestones
Company overview
* Who are the key people
* What will the business do
* What are the companies guiding lights
* What are the companies core values
* What are the companies goals
1. in the market
2. financially
3. with the product
* What is the opportunity
1. market
2. customer
* What are the companies key strengths
* What is the legal setup of the company
Products and Services
* What is the product(s)
* How is the product constructed
* What are the component parts
* What are the unique elements
* What is the development ethos
* What is the pricing structure
* What are the services
* How will services be delivered
Marketing plan
* What is your proposition
* Define its value
1. in proposed solution
2. too whom
3. quantify
4. endorse
5. back-up
* Where does offering position?
1. company
2. product
3. service
* How is offering different?
1. how does this represent
- best value
- competitive advantage
* How does this allow customer to differentiate themselves?
1. overcome problems
2. improve their business
3. cost saving
4. customer
- satisfaction
- retention
5. win sales
6. etc
* How does this differentiate us from our competitor(s)?
* Who are our customers
1. their people
2. their business
3. their issues
4. their location
5. their size
* Which industries are they in
1. industries
2. size of market
3. opportunity
4. trends
* Are there particular industry threats to consider?
1. changes in technology
2. changes in regulations
3. changes in economy
* Who are our competitors
1. Which companies
2. What products
3. What services
4. How do we compare
- products
- price
- service
- Reputation
* What is our strategy
1. What is the message
- what is it we do?
- where have we done it? what benefits
- have our customers realised?
* Why would prospects believe us?
1. Why does our proposition work?
- make it logical
- make it believable
2. Who will/has benefitted
- individual
- job function
- organisation
* How will we reach our target customers
1. methods
2. costs
3. budgets
* How will we sell to our customers
1. direct
2. retail
3. resellers
4. internal sales
Operational plan
* How is development managed and controlled
1. strategy
2. development roadmap
3. design methodology
4. processes
5. controls
* What production methods are used
1. production techniques
2. process controls
* What staff is required
1. What level of staffing will be required
2. What skills are required
3. What are expected salary costs
4. Are there specific training requirement
* Who are our suppliers
1. what do they supply
2. how are they controlled
Financial plan
* Explain the 12 months profit and loss projection
* Have any assumptions been made
* What are the longer term projections
Management structure
* What is the management structure
* What are the key skills of management
* Who are the key external influencers
Labels: All questions