The Model Structure of A Business Plan IV
What investors are looking
- The management team has worked together before? – Do you have significant work experience prior? Founders Are aware of their weaknesses and will be able to address them?
- Are the founders clear their future roles? Are they clear the% of capital?
- Are they full time in the future project?
- Are all members a common goal, or are there discrepancies?
- Description of the main functions, people, responsibilities … What is necessary to assign the responsibilities of each team member and what is the system of delegation that is established.
- The organizational design must allow for the flexibility of the organization, adaptable to new circumstances and high growth.
7. State development and implementation plan
State of development of product/service
All investors want to minimize your risk, so you have to give a detailed explanation of the progress of the business idea.
Technological development: stage where you are (developed, under development …). If there is a prototype developed should be submitted, or has been able to test the product before a consumer pilot must present the results.
Implementation Plan
A plan is needed for all activities necessary to launch the company as well as identifying the actual funding needs.
- Schedule of Implementation: Main activities and responsibilities.
- Milestones: time to reach them, and interconnections with other activities.
- Major interconnections between the various working groups (marketing, operations …)