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Business plan #1 – Starting point

There are many ways to write a business plan. But how do you start the process? You could start by thinking of:

  1. Product – Where would you like to see the product in 18 months?
  2. Sales – How much revenues would you like to generate in 5 years time?
  3. Market – How much market share can you grab in 5 years?
  4. Capital – How much capital would you need to get to traction and subsequent break-even?

All of the above, will get you start thinking. The overall plan will cover all of above, as you start developing a detailed plan for each of the major components.

As you no doubt worked out by now, I have finally bit the bullet and decided to write a business plan for (RobertW, I know you will be happy!), having lost confidence on business plans during my second startup experience, ebdex. By the way, I raised £250k on the 7th major revision of the ebdex business plan, which you can get a copy here.

ebdex's Business Plan - Last Version fine tuned for equity finance

Would be interesting to hear how you started your business planning process, and how your mindset changed whilst writing the plan.

Published inBusiness