๐ฐ Financial forecasts
The financial section is what investors care about most. It shows whether the business can survive and grow.
- Cash flow forecast โ predicted cash coming in and going out each month
- Projected profit and loss โ expected revenue minus expected costs
- Break-even analysis โ how many units must be sold to cover costs
- Start-up costs โ one-off costs needed to launch
- Sources of finance โ loans, savings, investors, grants
Financial forecasts are educated guesses โ they won't be perfectly accurate, but they show you've done your homework! ๐งฎ
๐ฃ๐ญ Marketing and operations
Marketing strategy section
- Who is your target market?
- What is your marketing mix (product, price, place, promotion)?
- How will you compete with existing businesses?
- What makes your product different (USP)?
Operations section
- How will you produce the product or deliver the service?
- Where will you operate (location)?
- What equipment and technology do you need?
- Who are your suppliers?