A significant portion of their capital expenditures are dedicated to fiber optic installation. Telecommunications providers worldwide continue to invest heavily in fiber optic technology as most carriers plan to fully adopt optical transmission networks in the next century. The Clinton administration strongly supports the "Information Super Highway". The Company's patented technology is the only passive monitoring system available to support the integrity of the outside plant network.
FOA is well positioned to profit from this trend by offering patented products that provide increased reliability, easier maintenance and lower systems maintenance costs for these industries. As a marketing and light assembly operation, FOA believes it will operate as a high-margin, lowoverhead firm with minimal needs for heavy capital investment.
Accordingly, the greatest use of funds will be directed toward corporate purposes, including working capital, sales and marketing, and new product development and product improvements. FOA's monitoring technology is directed toward Fortune customers that are reliable payers with ample resources and high profiles. Major current and potential customers for the Company's product lines include the long distance carriers the RBOCs Regional Bell Operating Companies and major independent utilities.
Customers for the industrial product lines include chemical, petroleum and industrial companies, as well as nuclear contractors. The Company was formed in September , was merged into Optech in September , and is engaged in the design, manufacturing and marketing of cable monitoring and automated long-range fault locating systems.
These systems are used primarily for monitoring and fault locating of communication cables. By using the Company's patented electronic monitoring technology, the user has an early warning monitoring system which facilitates preventive maintenance, provides system integrity and long life, and offers substantial cost savings.
In that regard, a hazardous leak and spill detection system, including leak monitoring of underground storage tanks i. The Company acquired the exclusive rights to the initial technology, patents, products and knowhow to manufacture and market cablewatch worldwide except Canada. Since the issuance of the basic patents in , several successful patent searches have been conducted by outside counsel, including a detailed infringement search.
To further protect and enhance the Company's position, four new patents have been received with respect to concept upgrade and several new products and applications. Product development has essentially been completed and many of the products have already been approved and are now awaiting standardization. As such, the size of the sales orders have increased.
In addition to the fiber optic installations, the system can also be used on copper cables. The Company expects that the application of Cablewatch technology to new and existing copper cable installations, given the size of these markets, represents a significant growth opportunity. To date, Cablewatch and ancillary products have been sold primarily by the Company's sales force and independent sales representatives.
To a lesser extent, distributors are also involved in sales of the product line. The distributor sales effort is expected to grow as the company supports these accounts in the future. The Company has entered into several distributor agreements, covering the U.
Due to limited resources, the primary focus of the company is the fiber optic portion of the telecommunications market. With respect to the marketing of the home water leak detection system, the Company's consumer product, the Company previously marketed this product primarily through sales representative organizations. No efforts are being made in either of the above market areas due to the Company's limited resources and focus. The Company's Cablewatch and related products are manufactured by subcontracting through outside vendors.
Final assembly and testing are done at FOA prior to shipment. Manufacturing and packaging of the home water leak detection system were conducted in Mainland China, but no further manufacturing has occurred for this product since its initial run due to the Company's decision to focus on the Telco market. FOA is located in Optech's shared 20, sq ft. It is ideally suited for light manufacturing and assembly. The Company presently has a limited number of full time employees.
Candidates for various positions have been identified. Upon completion of this financing, additional employees will be hired to support the Company's efforts in sales, marketing, and product development to meet market needs. Numerous applications for automated long-range fault locating and cable monitoring technologies exist today. The Company's annualized estimates of the market size for these technologies are as follows:.
Source: 1 Kimbrough Marketing Inc. The foregoing is an estimate of market size and is not a prediction of sales. The Company does not have the capital or other resources to service more than a small fraction of the estimated market size. It should be noted that the fiber optic cable for the independent cable TV market sector is not included. The Company is focusing its efforts, due to limited resources, on the Telco market sector only. Prior to the advent of petroleum jel-filled copper cables in the 's and, more recently, fiber optic cables in the early 's, pressurization was the telephone companies' standard approach for monitoring conventional air-filled copper cable.
This was the case, despite the fact that for a small central office, the cost of installing and maintaining a pressurization system over the cable life is a multi-million dollar commitment. However, with the introduction of smaller jel-filled a water blocking agent copper and fiber optic cables, pressurization is no longer feasible.
The concept of monitoring via air pressure, given the high resistance levels associated with the smaller cables, proved to be no longer a viable approach. As a result, an immediate demand was created for an approach that would provide an effective preventive maintenance program for the smaller newer cable designs. Without such amonitoring system, the telephone companies face significant cost exposure.
However, there are several major trunk routes across the U. Therefore, until the line is repaired, the affected telephone companies must redirect traffic to either another in-house line or piggy-back onto the line of another telephone company under pre-existing arrangements.
With the utilization of the Company's early warning system, the telephone companies are warned at the onset of cable deterioration, and thereby have adequate time to locate and repair the damage long before the cable system degrades to a state whereby a catastrophic outage may occur. The Company believes that its products represent a proven solution for the monitoring of both fiber optic and conventional copper cables.
Not only does the Company's product provide for early warning, positive feedback and continuous cable monitoring, but it also can locate the fault to within 0. Other providers of this type of equipment only provide optical fibers, thereby providing only limited monitoring capability to the network. One of the first major telephone outages occurred in the fall of in the New York and New Jersey areas. It was not clear at that time how frequently telephone outages occur and whether or not the situation is getting worse.
In order to determine the scope of this problem, the U. Outages that affected at least 10, customers and lasted 15 minutes or longer were reported in the GAO report that was published in March This report highlights cable cuts as the number one problem for telephone outages for the long distance carriers as shown in the accompanying charts and graphs. It also points out that cable failure nearly doubled during the one-year time frame. From the results of the data, it can be concluded that a cable monitoring system could be useful in providing early warning of cable damage.
This early warning can provide the time in certain cases to reduce the impact of an outage, and in certain other cases prevent a potential outage altogether. In the case of local telephone companies, cable cuts were cited as one of the top four problems, and the only one in the top four that nearly doubled from to Since the local telephone companies are behind the long distance carriers in the deployment of fiber optic cables, this situation can get a lot worse for the local telephone companies in the future as they deploy more and more fiber optic cables, unless of course they choose to reduce such risks of cable related problems through utilizing FOA's cable monitoring system.
The Company's hazardous chemical leak detection system helps solve a problem faced by businesses ranging from gas stations to major chemical complexes: the unintentional leakage and spilling of hazardous material. FOA offers an added measure of dependable protection and early warning at a cost which is slight in comparison with the potential liability of the user if the leaks and spills go undetected. Recently, additional regulatory authority was granted to the U. Environmental Protection Agency EPA in the area of managing and monitoring underground hazardous material stored in these tanks.
The new requirements establish guidelines for underground tank monitoring and leak detection, and impose financial responsibility standards for tank owners. These standards will most likely include the posting of a bond or obtaining insurance coverage for an amount sufficient to provide for estimated tank replacement and cleanup costs.
The EPA estimates that there are approximately 1. Given the advantages of the Company's system, implementation of the new EPA regulations would place the Company in a strong position to compete in this market. In addition, a series of expensive cleanups in recent years relating to leakage from underground gasoline tanks has caused insurance premiums to rise sharply and has forced owners of such tanks to seek out detection systems.
While the Company's initial product strategy was being directed toward the owners of petroleum storage tanks, the product has widespread applications beyond this market, including nuclear power plants, chemical plants and containment vaults. No marketing effort, however, has been applied to this area. The primary focus, as mentioned earlier, has been in the Telco application.
The Company's consumer products provide homeowners with inexpensive, easily installed early warning system devices that greatly reduce the extent of water damage, fire, and asphyxiation. An enhanced version of the home water leak protection alarm contains a shut-off feature which is especially valuable for unattended homes.
Again, no marketing effort, because of the Company's primary focus in the Telco market. Telecommunications companies face considerable cost from failures and disruptions of their cable installations. For both copper and fiber optic cable, the most common cause of disruption is moisture infiltration.
Moisture entry can be caused by damage to the outside sheath during installation or by subsequent activity around the cable or at splice points. For fiber optic cable, contact of the optical fiber with water can change the chemical and surface characteristics of the fiber and thereby reduce transmission because of increased microbending sensitivity of the fiber.
In addition, cable life can be reduced significantly by accelerating the deterioration rate caused by stress within the splice closure in the presence of water. Historically, pressurization systems have been used on copper cables to detect and prevent water penetration inside of the copper cable that causes disruption of service.
However, pressurization does not directly detect water, is costly to implement and maintain, and is ineffective for fiber optic cable. Moreover, if water penetration occurs, a pressurization system cannot pinpoint the location of the fault. Cablewatch was designed for use with fiber optic cable installations, but also can be used with other metallic telephone cable and electric power lines. Cablewatch employs remote moisture sensors placed in splice closures, repeater housing, and other locations along the cable.
When moisture activates a sensor, it triggers a digitally encoded alarm system to a terminal located in a central monitoring office. The terminal equipment intercepts, decodes and displays the exact location of the moisture penetration in the splice closure. In addition, the Company's automated Long Range Cablewatch can locate the fault within the cable from the central office to within 0. Cablewatch operates by continuously monitoring a DC line current along the metallic sheath of a fiber optic cable.
A decrease, increase or pulsating in the detection line current from set limits will activate an alarm. The detection current can flow through any conductor. With this configuration, the metallic sheath forms a sensor in the system and is continuously monitored for physical damage. Thus, early detection of cable deterioration is provided allowing the crucial time to locate and repair the damage before costly cable failure occurs.
A cable monitoring system can monitor up to 99 sensors at splice closures, repeater sites, or control equipment vaults CEV's. One system is capable of servicing approximately kilometers of installed cable. However, because of boundary and jurisdictional limitations, users will typically employ one system to cover approximately thirty kilometers.
The Company's hazardous chemical leak detection system uses the same patented technology as the Company's Cablewatch. Sensors are located at the most likely sources of leaks or spills. When a leak occurs, an alarm signal as well as a digital code are sent to a central monitoring station. The alarm and code not only signal that a leak has occurred, but also locate the source, a capability not available with any other competing system or monitoring approach known to exist.
The system offers continuous monitoring, a high degree of reliability, and low maintenance. The home water leak detection device is based on the patented telecommunication cable monitoring technology previously described. Any water coming in contact with the detection leads or extended sensors is immediately sensed and alarmed by the solid state circuits. Further enhancements and modifications of the device for marine applications and unattended homes with auto shut-off feature have been developed.
This product will be marketed through licensing or an appropriate marketing joint venture. A production prototype has been made for demonstration; however, manufacturing and marketing are awaiting financing and identification of a marketing partner or licensee. The Company has acquired an exclusive right except in Canada to the technology, patents, products and know-how to manufacture and market the cable monitoring system. Patent issued October 30, ; Canadian Patent issued June 5, ; and United Kingdom Patent B issued June 13, permit the Company to market and manufacture the product worldwide except Canada.
Since the acquisition of the basic technology, the Company has developed several new products and has filed for patent applications in the U. A new patent recently issued has to do with solving one of the industry's major problems of how to power a telephone at the home using a fiber optic cable in power shutdown emergencies.
This problem does not exist with copper cables, since copper lines carry 48 VDC from the telephone office. Fiber optic cables do not typically have copper lines, thus the problem. The European patent filings have been approved and are in the process of being issued. At present, the Company is engaged in the manufacturing and marketing of products to three distinct customer markets: telecommunications, datacommunications and CATV.
These products are derived from the same patented technology. In view of the fact that the Company's patent position is strongest in the Telco market, with practically no competition, and that the products are customer-driven and are receiving wide acceptance in the industry, the Company's primary focus has been in the these markets.
The Company's other products for the industrial and consumer markets are well-positioned but, to date, because of a lack of resources, marketing has been limited. The Company's telecommunications products "Telco products" for use by telephone companies are based on patented concepts using the protective metal "armor or sheath" of both fiber optic and copper cables to provide a number of very useful functions.
Telco products ensure more reliable cable installation and provide continuous monitoring and protection of outdoor cables, splice points and other vital components of the communication circuits. Telco products provide for a more secure and easily maintained communications network. The design of these products makes them unique to the Telco industry. The reliability and wide acceptance of the several of the Company's systems has been proven during years of "in service" use covering thousands of miles of fiber optic cables with several major telephone companies in North America.
In the event of trouble, a patented concept is used to locate the faults quickly and effectively. The following product descriptions provide a brief summary of the Company's current Telco products. Based on patented technology, the Long Range Cablewatch can locate damage to the cable sheath from a distance of up to 60 miles. This can be done without walking the line with an A frame or other locating device. The unit is simply connected to each end of the cable being analyzed.
The Long Range Fault Locator will display the results of the analysis, which includes, the location and size of any fault damage, in a matter of minutes. The Long Range Cablewatch works in pairs. One unit is placed at one end of the cable being analyzed, and the second unit is then placed at the other end. The operator only has to provide the distance between the two units. The Long Range Fault Locator does the rest. The cables that are installed by telephone companies are called their "outside plant".
Outside plant cable is subjected to many forms of mechanical abuse and damage as well as normal wear and tear. Damage can occur during initial installation, subsequent rock settlement, or by digging or plowing and sabotage.
Additionally, chewing rodents, gophers, termites, and the like cause serious damage to cables left to the environment. The FOA Cablewatch with reliable, low-cost, solid state circuitry, is designed to continuously monitor the integrity of outside cable plant and provide protection against these intrusions from end to end.
Using a central office terminal and remote sensors, Cablewatch continuously monitors the integrity of cables, splice closures, repeater sites and other critical locations for the presence of moisture and other mechanical intrusions.
Operating over any metal circuit or a single conductor, such as metal "armor or sheath," and ground return, the system will sense and signal the damage of the cable sheath and the location of any water ingress allowing the crucial time for repair, before outages occur. In the alarm mode, the system provides cathodic protection of the sheath damage site, thus inhibiting corrosion of the protective "armor or sheath" until a repair can be carried out.
All units have the ability to operate on either the fiber, protective metal "armor or sheath" or other available conductor. They offer extremely long range and high power. All units allow for hands-free communication. These talk sets are designed for outside plant maintenance personnel who need a reliable, rugged, long range communications tool when installing, splicing or restoring fiber optic cables under adverse conditions.
The ability to communicate on the sheath as well as the fiber is unique, and provides a level of flexibility that is extremely important in restoration situations. The unit is packaged in a durable, watertight case and operates off of long-life rechargeable batteries. It can also be used as an optical or electrical repeater device to achieve even greater range of operation. FOA has recently upgraded the design of the talk sets to allow the user to be able to "dial out" on a network called the "order wire.
The user can dial out to advise alarm center personnel the status at the cable cut or damage site. The dial out can be done over the cable metallic sheath, twisted pair or over an optical fiber. Cable protection devices are attached to the cable sheath at splices and regens to provide lightning and voltage protection. The units are designed to allow the sheath to be used for locating, fault locating, and communications, without entering splice closures.
If a dangerous voltage appears on the sheath, the protection devices immediately provide a low impedance path to ground. Once the voltage has passed, the sheath is restored to its original state. If a power-cross or other condition results in an excess current flow for an extended period, a thermal fail-safe system grounds the line safely and permanently. The impact resistant polycarbonate enclosure is watertight and dust-tight.
Other potential areas of use exist at the customer premise for CATV and datacomm users. The system is used for the detection of hazardous chemicals, liquid waste leaks, and spills. The liquids detected by this system may be either organic or inorganic, and either acidic, basic, or neutral. The hazardous chemical leak detection system uses the same patented technology as the Company's Cablewatch. This system is intended to be used for monitoring multiple points or zones within a factory, chemical plant or storage site.
The sensors are strategically located at the most likely sources of leaks and spills of hazardous and toxic materials. Should aleak occur, an instant alarm signal as well as a digital code indicating the exact location are sent back to the central monitoring station alerting the security officer or alarm center that a spill or leak has occurred. Through such early detection of leaks and spills, expensive clean-up, repairs, injuries, and related liabilities could be reduced.
A smaller system has been developed for gas station use to monitor leaks in underground storage tanks. The system can also be adapted to monitor water leaks in unattended apartment and condominium complexes. Further engineering work is required to complete this package for marketing. Currently, the Company is engaged in the marketing and manufacturing of a home water detection device, and is ready to manufacture and market a home gas detection device.
A device sensor for use with sump pumps and marine applications is also ready for product introduction. The Company uses several U. The final assembly and testing of these components are being done at the Company's facility.
The projected number of employees in the manufacturing, sales and marketing, and general and administrative areas is expected to increase over the next five years as follows:. Cablewatch is a relatively new technology, and as such, requires that the market be developed. A direct sales approach is not a cost-effective means for this product line.
However, due to the technical nature of the products, a direct customer contact needs to be made through the stages of product evaluation, qualification and field trials. The associated cost of direct sales will limit our sales efforts to targeted key accounts.
Direct sales will be used increasingly to support agents and representatives in each respective territory. The Company plans to continue to use independent sales representatives. The firms we are presently using sell products from other manufacturers to the same customer base. They are located in strategic areas across the country. While most of the individuals have some technical knowledge, factory support is required.
Because of the number and location of the potential customer base, sales and marketing can be more effective on certain of FOA's products with the use of distributors. The distributor typically has direct salespeople calling on accounts selling many different items, thereby reducing their overall selling cost.
Typically, these sales people are not technically knowledgeable about the products they sell. It is a challenge to find organizations that could promote the sale of the FOA system. As the products become qualified with more customers, the use of distributors becomes more appropriate.
The equity for each investor will be based on his or her investment. An in-depth look at Ratios can be found the Financial Plan section. For many years, we have seen a niche in helping the above mentioned businesses with their production processes, external job costing, and expediting the above services. These services are handled in a one on one fashion, the clients process for using the various products is reviewed, then a recommendation is made to either scrap, rebuild or replace the items in question.
Also at this point we can recommend one of our distributor partner products as a substitute. Using JTB own manufacturing facility as a model and test bed for our products, JTB will provide the mid-sized corporate market with new and exciting ways to cost effectively manage all external vendor and customer transactions, yielding continual savings for the users of our products and services.
Our manufacturing partners will also add value to our offering of services, further allowing JTB to grow into a high-quality, long-term growth corporation. Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan.
Don't bother with copy and paste. Get this complete sample business plan as a free text document. Download for free. It describes your business, the problem that it solves, your target market, and financial highlights. Our primary markets are: Auto repair, and Automotive industries. JTB drills, and drill refurbishing services Metalworking and Manufacturing industries as a service provider.
Maintain a lower than projected overhead which increases the bottom line profit.
Our products are geared for a high-end market, comprised of males between the ages of 25 and 65, mainly professionals with medium to high income. Granite Industries, Inc. The focus of this business plan is to solve the present cash flow squeeze, and to increase profits.
Seacliff Products has created, patented, and manufactures a fish hook that will increase enjoyment of the sport with its ease and effectiveness. The harpoon is so unique that there is no product on the market to compare it to. However, there are almost 40 million fishermen in the United States today who will benefit greatly from the Harpoon. Market research has uncovered several products similar in nature, but none that were wood based and customizable as is the Sit N' Caddy.
ReHabiliments distributes and sells retail socially consciously produced clothing for the entire family. Marketing focus is on bringing harmony to individuals, local communities and world groups, with uplifting logo and printed messages on clothing, as well as giving back profits to charitable organizations.
Medquip, Inc. The company is currently developing its patent-applied technologies to final product and approval stage. It is also seeking to establish its corporate identity in the medical products field. A relatively small bank line of credit is needed to support the necessary growth in current assets, half of which are prime corporate receivables.
Professional Athletic Equipment, Inc. The product helps prevent injury from blunt trauma to the chest, side, and abdomen. Injuries occur primarily in baseball but also in soccer and other sports. A United States patent on the device is in the application process and is pending. Pegasus Sports International is the premier inline skate accessory manufacturer for the inline skate industry.
Pegasus has developed three innovative and practical skate accessories. Pegasus is able to produce worthwhile products because the company is composed of skaters making products for skaters. Wishbone Pet Products, Inc. This business plan has been developed to present Wishbone Pet Products, Inc. Baby Nappies World is a start-up business in Botswana.
The Pasta Tree seeks to expand its existing wholesale market to statewide retailers. For the past three years, the company has sold its fresh pasta products out of its own storefront and in the city's five natural food stores. The company has built a loyal consumer base, and is now planning to extend operations to major supermarket chains across the city. Hang Toes Surfing is composed of surfers and designers making quality products for surfing, skating, and other active lifestyles.
It is located in Florida, has its products manufactured in South America, and will soon have its products available for distribution throughout the United States. Hang Toes Surfing will generate robust profits by year three.
Load Hog manufactures a pneumatic pickup truck lift bed accessory. Latheethen Feeds is a family-owned business which makes and sells custom livestock- and pet-food to local farmers and residents. The next generation will expand the business with new services, including delivery, and will build an equine boarding stable on the property to generate new business. Jean's Tofu Delight, a local manufacturer of tofu pate and related soy products plans on expanding its wholesale distribution into regional supermarkets as well as specialty and health food retailers.
Durango Gravel, Inc. Durango Gravel seeks to expand its existing market niche by becoming a major supplier to the asphalt paving companies in the Four Corners area. We reached profitability in Year 1. Basket of Goodies is concentrating on making gourmet gift baskets out of a wide range of high-quality ingredients.
In addition to having several flagship baskets, BOG will also offer the option of a custom basket, allowing the customer to choose the ingredients themselves. ContemporaryTiDesign is a custom designer, manufacturer, and seller of titanium jewelry. Contemporary Ti Design makes many different designs in the form of earnings, pins, and pendants.
All of the products are designed and manufactured by the owner. In order to grow the business, more designs will be offered, and marketing will be extended to 40 galleries. Brilliant Points, Inc. The company has received one U.
Foreign patents have also been applied for and are pending. Miles Garden Carpentry will expand its current new construction business market focus to include garden remodels for existing homes. The objectives of Miles Garden Carpentry are to capture the majority of the garden carpentry business in the Old Town area, offer our customers a superior service at a low price, and increase sales and net profit each year.
JTB Industrial Sales offers B2B catalog orders and consultation for supplies and parts to clients in the automotive, aerospace, utility, metalworking, and manufacturing industries. Sunapto will manufacture and market an automated pill dispensing unit, the MedCabinet and a companion monitoring service to fill the medication compliance problem in the United States.
NovOculi will sell opthalmological surgical tools and techniques. The principals of the company have developed and begun testing a unique method of incisionless refractive correction, called NICS Non-Invasive Corneal Sculpting. Novoculi aims to target the market of the U. Bioring SA, is a manufacturer of heart valve surgical replacement parts. It has its main office in Lonay CH and maintains a small manufacturing and assembly plant in Lonay, Switzerland.
Its products are to be sold through distributors. In the next two years we intend to develop two new products and to improve revenues. Customize this business plan or create your own with Business Plan Pro software.
Live chat plus Instant Downloads on all software. Shopping Cart Local editions:. Manufacturing Business Plans. After doing your research on the existing problems in the market, trim your list to focus on a few of the most important issues. Describe how your product or service will be the ultimate solution to these problems. For instance, if people believe the existing solutions are too expensive, you can offer a product with a more attractive price point. By matching up consumer problems with specific solutions, you can develop a product or service that has a more significant value proposition.
The next stage of the traditional technology startup business plan template delves into the people that make up your company. You must highlight the strengths and experience of your existing team, as new partners effectively invest their money in the team as much as the business idea. Ideally, your team will consist of several experts whose respective skill-sets complement one another.
For example, your tech startup may have a coder, a graphic designer, an inbound marketing expert, and a sales professional. Discuss the merits of each team member to convey the value they add to the business. You can also speculate about prospective new hires and the key attributes you will seek in future team members. This will add backbone to your business plan by reassuring people that you have good financial sense. Here, your plan should clearly define the organizational structure of your startup.
For now, it may just be you and a couple of business partners. However, by including a graphic that visualizes the structure you intend to build, people will get a clear understanding of the distribution of power and chain of command. Having a hierarchy prepared before starting helps prevent any debates about who is in charge of each department, and makes it easier to understand who reports to who.
No tech startup business plan would be complete without mentioning the marketing and sales strategies you intend to use. To clarify the difference, marketing channels are used to promote your business, and its products or services, whereas sales channels are the mediums that enable people to purchase those products or services. You may only have one direct sales channel to begin with, such as an online e-commerce store.
Make sure you explain it in your business plan. Over time, you can use marketing to nurture stronger customer relationships, which in turn, help you build an audience of loyal followers that will, hopefully, become customers. The marketing section of your business plan will need to account for several factors, including your goals, risks in the market, and your budget.
Which brings us to the final aspect of your tech startup business plan. Lastly, any good business plan must include pertinent details about your company budget and sales goals. This can be daunting for many new entrepreneurs and is all the more challenging when you have no balance sheets, cash flow reports, or even any stable income on which to base your projections. Your financial projections should maintain a long-term view for success, keeping ambitions realistic and honest.
With these long-term projections, you must consider the financial impact of expanding. You may be making more money in Year 3, but opening a new store will set you back. When you have all the elements above in place, your business plan will be in good shape. However, presentation matters. If you want to make the best first impression, getting creative with your technology startup business plan template can make a big difference.
Not only will your research and expertise shine through, but you will have a visually stunning presentation that catches the eye of investors. This plan allows you to present in-depth market analysis, statistics, and projections in a professional visual infographic. Source: Medium. This is more than the average technology startup business plan template.
Emaze has a diverse array of creative collaboration tools, making it easy and enjoyable for teams to create unique plans together from any of the built-in templates. Furthermore, you can incorporate analytics, which is perfect for impressing investors. In fact, with this template, you can have a basic — yet brilliant — business plan all together on a single page in just 20 minutes. Source: Lean Stack. This template includes many ready-made aspects of the typical business plan, such as SWOT analysis, competitor analysis, and project timelines.
Source: Envato. This is another user-friendly tool for creating short business plans.
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