Business plan

iDevice ikoon Business plan checklist

DETAILS OF THE BUSINESS

  • Name of the business
  • Type of business (private limited company, partnership, etc.)

THE NATURE & OBJECTIVES OF THE BUSINESS

  • What will be your main business activity?
  • What is your own professional background?
  • Roughly how will the business be structured?
  • Do you have an overall vision for the company?

THE PRODUCT/SERVICE IN RELATION TO THE MARKET

  • What is the state of the market? Growing, static, seasonal?
  • How will your products/services be positioned? Up or downmarket?
  • Who will be your target customers?
  • Who will be your major competitors?
  • How will you market your products or services?

PERSONNEL

  • Approximately how many people will the company employ and in what capacity?

PREMISES

  • Where will the company be located? Why?
  • What kind of property will you require? Offices or factories? Leased or purchased?

EQUIPMENT REQUIRED

  • What general trading equipment, if any, will you require? Vehicles, computer hardware?
  • What manufacturing equipment, if any, will you require? Machinery, tools?

FINANCIAL PLAN

  • How much capital do you require initially?
  • What will this pay for?
  • Will you need more capital later on? How much?
  • How soon do you expect the business to break even?