University of Maryland University of Maryland Business Plan Competition
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How to Write a Business Plan

RECOMMENDED FORMAT

Guidelines for business plans is as follows:

  • Up to ten pages of text plus up to 5 additional pages of tables, exhibits, figures and appendices. Nothing beyond these page limitations are allowed. The contact sheet is required and is NOT counted in the ten-page limitation.

  • Plans should be SINGLE-SPACED with not less than 1" margins on all sides.

  • Use a font not smaller than 12 points in size for text, and not smaller than 8 point font for spreadsheets. Font should be either Times New Roman or Arial.

  • The header should include the business or company name/title in the right corner and the footer should state: "University of Maryland Business Plan Competition - Spring 2007"

  • Entries must be submitted ELECTRONICALLY by e-mail no later than March 18, 2008.

Business Plan Format

  • Cover/ title page

    Table of contents, illustrations, figure

    Executive summary
    • Elevator pitch (one "quickie" sentence each)
      • Product (i.e., describe the business concept / opportunity) Value proposition Target market
      • Competitive advantage
      Product, process, or new business model
      • IP
      Target market
      • Customers Value proposition Competitors
      • Competitive advantage
      Company mini-history
      • Mission Team
      • Stage
      Business model
      • Revenue projections
      • Profit projections
      Any prior funding?
    • Funding needed and potential return for investors


Products or Services

    • Understandable brief technical description Value Proposition (Specific human needs addressed) Intellectual property protection
    • Possible future products

Market

    • Industry
      • Growth? Size? Segments
      • Entry barriers
      Target Markets
      • Growth?
      • Size?
      Customers
      • Buying power Buying preferences
      • Present and future
      Competitor Matrix
      • Strengths and weaknesses
    • Competitive advantage
      • Substitutes

Company

    • Vision, mission, & values The management team Advisors and board members
    • History / stage

Marketing and Sales Plan

    • Marketing strategy Sales plan
      • Goals
      • Bottom up sales projection
      Promotion
      • Media
      • Incentives
      Pricing
    • Distribution Channels

Organization Plan (Implementation)

    • Legal structure Organization structure Management needs
      • Experience
      • References
      Staff needs Motivation / Compensation
    • Other HR

Operations Plan (Implementation)

    • Technology status
      • Regulatory and legal
      Manufacturing requirements
      • Facilities
      • Equipment
    • Supply chain issues


Growth Plan

    • Growth strategies Product Development
      • R & D Plan Spin Offs Benchmarks or milestones Staffing Resources needed
      • Difficulties and risks
      Other internal strategies
    • External Development?
      • Franchising
      • Acquisitions

Contingency Plan / Critical Risks

    • Environment Markets
      • Price cutting
      Products
      • IP persistence
      • Competitive threats
      Operations
      • Limited experience
      • Cost overruns
    • Organization / Management
      • Dependence on key people
      • Limited experience

Financial Plan

    • Pro forma statements (2-3-yr; complete cash flow)
    • Burn Rate / Breakeven Point
       
  • Investment proposal
    • Investment needed Sources and uses of funds
    • Investors return

ADDITIONAL RESOURCES

Resources for writing your business plan:





MTECH
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A. James Clark School of Engineering.
Copyright © 2007 University of Maryland.