Issue link: https://htpgraphics.uberflip.com/i/116729
Why create a spin-out company? Section 1 Business Plan Content Executive Summary – a clear persuasive summary of the plan which tempts an Investor to read on. Background a brief review of the work undertaken to date, – particularly the research and IP created. Products/Services – a description of what the company will offer for sale including the current market and a comparison with competitor products/services. You should indicate how you will market and sell your product/service and any delivery/supply issues. Market – you should describe the market sector in which the company will operate. You need to be able to demonstrate the size of the market and your competitive advantage. Management set out the skills and experience of the key people – in the business (including one page CVs in an appendix). If additional management is required highlight this and indicate how you will recruit them and how they will be compensated. Risk Analysis – explore best and worst case scenarios. Look at what the main milestones will be and how you will adjust if for any reason they are missed. Explore when you will need further funding. The Investor will always ask these questions and will be pleased if they are addressed by you. Financial Information – include financial projections, usually at least a three year summary of the profit and loss account, balance sheet and cash flow projections. Show where the money will be spent. Say something about the likely timescales for returns on investment and the method of selling shares (called "the exit"). This is how Investors make their returns, i.e. how they turn their original sum into a multiple of that amount. 6