Lean Business Planning EIN 6325

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Lean Business Planning EIN 6325

Business Plan Outline (Single spaced Word Doc; Use 14 pt Calibri or Ariel typeface Each section should include a 1 paragraph introduction followed by bullet points Minimum 4 pages/ Maximum 6 pages, plus exhibits)

1 –Title page

  • The company name is Ddigz “Interior decorating on a dime.”
  • Co-founder Abdulhakim Alqahtani
  • Contact Details (13031 SW 56th Terr, Miami,FL 33183, aalqa038@fiu.edu)

2 – Executive Summary (Write this last, after rest of plan has been completed)

  • Vision – what we are trying to achieve
  • Problem we are solving
  • Product/ Solution
  • Why it is 10x better than alternative solutions
  • How we are going to get our first and future customers

3 – Describe Problem (Week 2) and Customers (Week 3)

  • Who has the problem – describe their demographics (age, gender, location, what they are trying to accomplish)
  • What are their circumstances/ what is their key pain point/ frustration/ opportunity
  • Statistics to support your observation of User needs

4 – Describe Your Product/ Service (Week 4)

  • What is your Product exactly
  • How does it solve the problem
  • What are its minimum features
  • How does it benefit your User
  • What specifically does the customer value about your product? Is it essential or important?
  • Show a picture (drawing or photo) of your prototype product (Weeks 4 and 11)

5 – Market and Competition (Week 5)

  • Market Analysis (Industry/ Seasonality/ Competitors)
  • Market Size
  • What does your competition do? What are their strengths and weaknesses
  • What is your long-term advantage versus the competition?

EIN 6325 Fall 2018 Outlines: Business Plan Document and two presentations (mid-term and final)

 

6 – Pricing and Sales (weeks 6 and Week 7)

  • What is your pricing / compare to the competition?
  • How are you going to reach your users (e.g. advertising, social media, direct marketing, channel marketing, etc)
  • How will you compel them to buy from you?
  • How will you get the product to them (e.g. online sales, distributors, ship directly, use fulfillment house, etc.)

7 – Business Model (weeks 9 and 10)

  • How many revenue streams will your company have?
  • How is each product priced/ how many will you sell of each/ what is profitability of each product?
  • How much revenue do you expect to earn per month over the next 18 months?
  • What are your monthly expenses (your burn rate)?
  • How much money do you need to raise in order to last 18 months?

8 – Product Company Development Plan/ Timeline – 18 months (Week 12)

  • Milestones of product development
  • Key dates for producing sales, reaching sales milestones, hiring staff, and other operational actions

9 – Funding Need – 18 months (Week 13)

  • Financial Projections

o Income and Expenses first 2 years (per year) o Revenue Forecast (per year) o Net Income per year

  • How much money do you need to raise to fund the business for 18 months
  • Assume you will earn some revenue from sales during this time period
  • Your funding need is (your burn rate x 18 months) minus your estimated sales: adjusted for potential risks

10 – Management Team (Week 14)

  • Qualifications of each team member
  • Include outside advisors and mentors, plus lawyers and accountants

Exhibits – must include (maximum of 5 exhibits)

  1. Financial forecast: 24 months (month by month) B. Product Development Timeline C. Company Development Timeline D. Anything else that may be helpful

EIN 6325 Fall 2018 Outlines: Business Plan Document and two presentations (mid-term and final)

 

Presentations Midterm: 7 Slides 1 –Title page

2 – Executive Summary

3 – Describe Problem (Week 2) and Customers (Week 3)

4 – Describe Your Product/ Service (Week 4)

5 – Market and Competition (Week 5)

6 – Pricing and Sales (weeks 6 and Week 7)

Final: 10 Slides 1 –Title page

2 – Executive Summary

3 – Describe Problem (Week 2) and Customers (Week 3)

4 – Describe Your Product/ Service (Week 4)

5 – Market and Competition (Week 5)

6 – Pricing and Sales (weeks 6 and Week 7)

7 – Business Model (weeks 9 and 10)

8 – Product Company Development Plan/ Timeline – 18 months

9 – Funding Need – 18 months

10 – Management Team

Exhibits – must include (maximum of 5 exhibits)

  1. Financial forecast: 24 months (month by month) F. Product Development Timeline G. Company Development Timeline H. Anything else that may be helpful

EIN 6325 Fall 2018 Outlines: Business Plan Document and two presentations (mid-term and final)

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