Potential funders will use this section to see if your business can sell products or services in a form customers will like, as this could make your business successful.
You'll need to give details of who is involved in managing your business. For example, you could be managing a business on your own, or it could have an entire management team.
This will help potential funders to see if your new product or service either complements or adds diversity to your existing business.
Giving details of all your products or services will help potential funders to see these opportunities and might improve your chance of getting funding.
In particular, funders will be interested in finding out if you or the other people managing your business have the correct skills and experience to deliver your business plan.
You should give details of anyone involved in managing your business, including their: If your business has a management team you should also give details of the team structure and any lines of reporting.
Your business's 'operations' are the way it makes and prepares a product or service.
This section of your plan should give details on things like: You should also include details if your business owns intellectual property on any processes or patents on any technologies.
This will include your plan for: Your financial summary helps potential funders understand the opportunity they have by giving funding to your business.
It will include information on your business's historical performance – your profit/loss and balance sheet.