-
Introduction to Financial Planning for Innovations
6.7 Activity
Let’s say you are planning to write a business plan for your frugal innovation idea. Please try to stick to the following points and write down a short business plan
- Executive summary – a snapshot of your business.
- Company description – describes what you do.
- Market analysis – research on your industry, market, and competitors.
- Organization and management – your business and management structure.
- Service or product – the products or services you’re offering.
- Marketing and sales – how you’ll market your business and your sales strategy.
- Funding request – how much money you’ll need for next 3 to 5 years.
- Financial projections – supply information like balance sheets.
- Appendix- an optional section that includes résumés and permits.
Prev
6.6 Sources
Next
6.8 Assessment