• Who We Are
    • Meet Christine
    • Mission, Vision, and Values
    • Work With STI For Proven Results
    • OneTribe Foundation
    • Media and Press
  • What We Do
    • Neuroscience Workshops
      • The Neuroscience Of Compelling Leadership
      • The Neuroscience of Influencing Outcomes
      • The Neuroscience Of Emotional Resilience: Learn To Love Change
      • The Neuroscience Of Creating Optimal Teams
      • Beyond Your Brain
    • Culture, Leadership, And Executive Coaching
      • Leadership Coaching
      • Culture Coaching
      • Leadership Development Programs
    • Keynotes
      • Make Your Team Smarter Overnight
      • Influence Any Outcome
      • Create the Company Culture of Your Dreams
      • The Neuroscience Of Creating Optimal Teams
      • The Neuroscience Of Emotional Resilience: Learn To Love Change
      • Guarantee Growth
      • Quota Busters
    • Quick Wins
      • DIY SmartTribe
      • Employee Engagement & Culture Diagnostic
      • Leadership Excellence Diagnostic
      • Sales & Marketing Intensive
      • Strategy Day
    • Case Studies
  • Resources
    • Assessments
    • Mini Course
    • Crack The Behavior Code Podcast
    • Infographics
    • Blog
    • Books
    • Videos
    • Webinars
    • Subscribe
    • Power Your Tribe
  • Contact
Business Plans 101 – Part Two
July 15, 2009
Turn on the Power! Part One
July 20, 2009

Business Plans 101 – Part Three (Covering the Three C’s)

July 17, 2009
Categories
  • Christine Comaford's Blog
  • Uncategorized
Tags

Okay folks, this will wrap up our Business Plan 101 discussion (for now!).  In order for your business plan to be Concise, Compelling, and Complete, you’ll want to include the following elements:
 
A quantifiable explanation of the painful problem and how you plan to solve it

Your company’s objectives, including an analysis of the competition

A description of your product or service, how you plan to achieve world domination with it, and which follow-on products you have in mind to up-sell to customers

Five years’ worth of projected financials (quarterly for the first three, annually is okay for years four and five) and how you plan to cover growth and expenses

Marketing and sales strategy, defining your pricing, product positioning, promotions, and the like (at the least a section describing the first few releases of a product and the high-level product plan)

Your team, and why they are exceptional

Your plan for overcoming predictable obstacles—for example, risk management and mitigation

Include only the info necessary to support the claims you make in the plan. You MIGHT Appendix résumés of key executives, press coverage, white papers, or anything else to boost credibility. If you’re tempted to be more long winded though, imagine FedEx dumping yet another load of documents onto a busy financier’s desk. There are some slim, sexy Boxsters there, and then there’s your big, clunky minivan. Which plans do you think the investor will grab first?

Christine Comaford, Business Accelerator
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author
http://www.MightyVentures.com

PS: Obviously, this only touches on an important part of building your business and obtaining financing, but it’s a good map to getting from here to there.  If you’re really serious, you might want to consider attending my weekend-long BAI mentoring session. Twenty lucky participants will get to work with me personally and do EXACTLY what I’m talking about above: Learn to practice networking in a new way, a way that creates AMAZING bonds between people. If you think you’re up to the challenge and are ready to make the commitment of both the time and the funds to attend ($1,997 early bird special), email sales@mightyventures.com to save your spot.

Share
Christine Comaford
Christine Comaford

Related posts

January 8, 2023

Your Brain On Silence


Read more
December 7, 2022

The Neuroscience Behind Mental Exhaustion—And How to Prevent It


Read more
November 2, 2022

Quiet Firing: Is It Happening To You?


Read more
Learn how to lead your team through change, create emotional resilience, and ensure growth. Join our Emotional Resilience mini-course

415.320.6580
775 E. Blithedale Avenue, Suite 210,
Mill Valley, CA 94941
© 2020 SmartTribes Institute. All Rights Reserved. Privacy Policy