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what needs to be in a business plan
- What are the alternative sources of funding if needed? How will the business plan be communicated to potential investors or lenders?
- What are their individual performance goals? What is the reporting structure within the organization?
- What is the proposed use of proceeds for the funding? What is the rationale behind the requested funding amount?
- What are the pros and cons of the chosen location?
- What is the approach to ethical business practices? Has a lawyer been consulted regarding the legal structure and agreements?
- How will the company demonstrate its value proposition to investors? What are the potential exit multiples for businesses in this industry?
- What are the assumptions about material costs, labor costs, and overhead expenses?
- What steps will be taken to minimize the likelihood and impact of these risks?
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