Business Plans

Business Plans & Loan Applications

The business plan consists of  a narrative and several financial worksheets to support funds utilisation and receipt


Business Plans

business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road-map (a plan) that provides direction to the business.

Written business plans are often required to obtain a bank loan or other kind of financing.

1. Executive Summary
The executive summary is the most important part of the business plan. It should effectively summarize the business's goals and objectives. What makes the startup unique? How is the startup qualified to solve the industry's biggest challenges? What does organization do to "wow" consumers?

2. Company Summary
The company summary is the next critical component of any well-formulated business plan. If the executive summary is designed to intrigue, the company summary is designed to inform. In this section, founders describe when, why, and how they built the tech startup. It's important to give as much detail as possible in this section. Additionally, approach the company summary with investors in mind.

3. Market Analysis
Every business plan needs to include a solid market analysis. This section should cover the most important information about product development, customer acquisition strategies, and strategy. The market analysis is the section of the business plan that will require the most time and research.

4. Management Team
Even the best startups will fail without an all-star team. In fact, companies with high-quality talent are more likely to hurdle unforeseen roadblocks. As such, it's important to highlight each team member's education, skill set, and experience in this section. Founders can also include details on how the management will orient the startup towards long-term success.

5. Revenue Projections
Revenue projections provide potential investors with a glimpse of what they can expect to see in financial returns. Early-stage startup founders who are seeking funding should provide detailed assessments of revenue, financial milestones achieved, and projections. A brief overview of cash flow helps potential investors understand current spending habits and more.


Loan Applications

Loan applications include the business plan above, however Relentless Innovations will seek investors on your behalf and submit loan applications to banking and other financial institutions that offer various types of loans including venture capital