Business Plan Software. The Bare-Bones Business Plan for Any Business. Don’t get trapped in the myth of the big difficult business plan document, but do help yourself to business planning as a way to manage your business better and deal with change, keeping your eyes on long term and short term at the same time – whether you need to create a document for others to read, or not.
First, settle on strategy. Tailor your product offering to match your strengths and weaknesses, opportunities and threats, what you do best, and what your target market wants most. You don’t have to write it or format it beautifully. Do the thinking, and don’t sweat the writing but do write down the key points because you’re going to need them later. The reason you want the key points available on demand is because it’s tempting to try to do everything, when you should be focusing instead on doing what’s most important. Don’t think it won’t have to change. Then create the action plan. Plan review schedule. Then, and from then on, manage the plan. About the Author.
Elements of a Business Plan. Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get everything down on paper.
The following pages will describe in detail the seven essential sections of a business plan: what you should include, what you shouldn't include, how to work the numbers and additional resources you can turn to for help. With that in mind, jump right in. Executive Summary Within the overall outline of the business plan, the executive summary will follow the title page. The summary should tell the reader what you want. The statement should be kept short and businesslike, probably no more than half a page. Business concept. When writing your statement of purpose, don't waste words. Surprising Insights From HubSpot's $35M Mezzanine Round. The following is a post from my friend and co-founder/CEO of HubSpot, Brian Halligan.HubSpot just closed its mezzanine round, so I thought I’d share some surprising things I learned during the process.
I’m by no means an expert in this field, so these are just the observations of one entrepreneur. A Surprising Number Of Potential Investors With Widely Varying Value Propositions My impression is that times have changed in the growth equity game. It used to be that early stage venture folks just did early stage investing, late stage venture folks just did late stage investing, and public equity investors only invested in publicly traded stocks. What surprised me is that now, it seems like everybody invests in late stage private companies. This is certainly not the “official” way to look at it, but here’s the way I ended up bucketing types of investors in my own head. Elvis.sob.tulane.edu/Documents/Uniandes/BPTemplate.pdf. Startup Websites That Work. I'm thinking the blog should actually be on the home page, and not buried somewhere.
It's the most "alive" content a "web application" site has. For example, blogging on how to use to use the web app may instantly engage potential users to ask questions, leave comments, etc. The traditional home page is lame. Unconvinced that laying out pricing is always the best model, particularly for enterprise software that will be 1) big-ticket and 2) have a high degree of variation from client to client. In this circumstance, the web site should sell the dream, and encourage a next steps conversation. That said, if you are offering a free trial, offering pricing is exactly what you should do, because you're jumping straight into the depths of a (probably individual) sales process, and whenever someone signs up for something free, I think it's good policy to tell them how much it will cost to keep it (or upgrade to the useful edition or whatever) Point well taken on the comments for pricing.
Estimating the Costs of Starting Your Business. Homepage. Marketing. Outsourcing. Creating a sales team. Calculating Startup Costs: How much money do you really need to start your business? You’re confident you’re sitting on the next million-dollar idea.
Whether you’ve already secured funding or just trying to figure out what it will take to get started, an accurate estimate of start-up costs is necessary to reasonably predict financial performance in the first few quarters. Of course every business and every industry have different cost requirements, but these steps can help you start the number-crunching. Determine Your Start-Up Cost Structure: Running your own software company is going to have different start-up requirements than opening a pet store, for example. Startupnation.com says there are six cost categories for new companies: Cost of salesProfessional feesTechnology costsAdministrative costsSales and marketing costsWages and benefitsGive thought to how these costs categories will be weighted across your business.