The Business Model

The Business Model

• Use the Business Model Canvas or a similar tool to describe and analyze the proposed venture’s business mode

lnitial Business Plan Draft

 Create Your Template

• Prepare a template by using the business plan outline to create headings in Word from which to later automatically generate a table of contents

Draft Introduction

• Write the following sections:

• a brief description of your business concept

• Is this a product or service? Clarify what your concept is with words.

• a brief description of the purpose for your business idea

• This is your “why” statement. Why this business idea?

• a brief history and description of the evolution of the business concept

• How did you arrive at this idea? Expand upon you why statement.

• a vision

• Where do you want your company to be in the future? Describe.

• a mission

• Why does your organization exist?

• a values statements

• What are your guiding perspectives?

• a first draft set of goals

• Focus on both short-term and long-term goals. Short-term goals are up to one year. Long-term goals are one year or more.

Attributions:

Adapted from Business Plan Development Guide