Your Logo and Business Name Here
Your Logo and Business Name Here
Your Logo and Business Name Here
Your Logo and Business Name Here 👆
Contact Details
Contact name:
Address:
City:
Zip:
Email:
Phone Number:
Website URL :
Outline
1. Executive summary
2. Mission
3. Team
4. Market Analysis
a. Product and Services
b. Target Groups
c. Engagement
d. Sales Channels
5. Operations
a. Key Resources
b. Key Activities
c. Running Costs
d. Collaborators
6. Impact Measures
a. Community
b. Planet
c. Income Streams
7. Financials
8. Legal Structure
9. Appendix
1. Executive Summary
This is your chance to quickly make your argument of what the problem is and how your
business is going to solve it. This section shouldn’t be more than a couple paragraphs.
Quickly cover the problem, your unique solution, who you’re targeting, and what your
impact will be. It’s best to write this section after you’ve completed the whole business
plan.
2. Mission
What’s the problem?
It’s best to start off describing what problem you’re solving. If your audience might need
some education about the plastic waste problem - here’s your chance. What part or
aspect of the plastic waste problem are you focusing on? You can set some context about
the global plastic waste issue, but make sure to drill down to your national and local level
as well. Try to be specific and stress why this is such a big problem facing the planet and
your local community. Show your passion for solving this problem. This section will set the
stage for the whole story told throughout the plan.
What’s your solution?
Next briefly cover how your solution addresses this problem. For example, if you write
about how the plastic waste problem is due to a lifestyle issue, maybe you’re solution is
focused on educating people because it addresses the root cause of the problem.
What’s your mission statement?
Look back on your mission that you filled out in the action plan. How can you elaborate to
explain it to your reader?
What’s your vision?
Once you have explained your mission - write just a few sentences about your vision.
What kind of world do you envision, and what do you envision for your organization?
3. Team
Fill in some basic information about your team to show who’s involved and what relevant
skills and experience they have to the business.
4. Market Analysis
The market analysis section (broken down by the right side of the action plan), is where
you will describe how the market is currently performing in your area of interest, how you
plan to enter the market, what makes you different, who you are targeting, and how you
will deliver your products and services to the customer.
Competitive advantage
It’s unlikely that your product or service is completely unique - there are
businesses or organizations that are probably doing something similar. What are
those businesses, what are they offering, and how are you differentiating yourself?
Another way to ask this what is your competitive advantage? What are you doing
that sets you apart? Describe it here.
Total Available Market
What would you estimate to be the total available market for your product or
service? For example, I’m targeting the plastic waste generated in my town, and I
know from my city waste department that we generate about 100 tons per month
of waste plastic. That means if we were to capture 100 % of the market, we would
be processing all 100 tons. If we value each ton at $10, that a $12,000 total
available market per year. You should include the total available market that you’re
targeting to show how big your business could potentially grow.
B. Target Groups
Identify the groups
In this section, explain who your target customer groups are, and how many
potential customers are in this group. What do you know about these groups? This
is your chance to communicate your research about your customers.
Research
What research have you done to show that your target groups will be interested in
your products and services? Discuss any field research that you’ve done or online
research about these groups. For example, if you’re producing craft furniture from
plastic waste, do some research online to see if you can find numbers on the total
craft furniture market value in your country. You could also run a small survey in
your area to gauge interest in your products.
If you’re targeting businesses, do you have any letters of intent or proof that they
are willing to buy your product or service when you’re able to get up and running?
This can be a very powerful tool for showing your business case - you already have
customers lining up to buy.
C. Engagement
Engagement is how you will engage with your target customer groups and how
many people you can potentially reach with this engagement strategy. What
marketing channels are you using? If you’re using social media - which platforms?
What’s your engagement rollout plan? Do you intend to start with one marketing
channel and then gradually expand? Communicate your marketing plan here.
D. Sales Channels
Finally, explain what your sales channels are. Explain where and how people can
buy your products/services. Explain why you chose these sales channels, and
relate that back to your target groups.
Business to Business (B to B) versus Business to Consumer (B to C)
Are you focusing on business to consumer or business to business? This is an
important distinction, because it will help the reader understand your business
model. Business to consumer (B to C) means that you are targeting consumers
directly - you will be the one selling the product or service to the end user. If you
are instead focusing on business to business (B to B), that means that you’ll be
selling to other businesses. For example - if you’re a machine builder that will be
selling machines to new workspaces - this is a business to business model. If you
are a product producer selling products directly to people through the Precious
Plastic Bazar, this is an example of business to consumer.
5. Operations
A. Key Resources
First explain what key resources, or the key tools, machines, people, and any other
resources that are crucial for you to deliver on your mission.
Another good thing to include here is any permits or licenses that you might need
from the government in order to be able to operate. Are there any safety
requirements that you need to follow? What resources do you need to have
available in order to do so? What about people - are there any key skill sets that
you need?
Include any pictures of your workspace if it’s relevant as well.
B. Key Tasks
Explain your key tasks - What actions and activities will you need to focus on?
Show that you have a clear sense of what needs to be done. How will produce your
product or service and what are the key tasks that you must do to support this
core delivery. Describe your production or service delivery process in detail and
how you will maintain quality. How do you and your team’s skills and experience
match up with these activities?
C. Running Costs
In this section you will describe in more detail the key running costs that you
identified in the Action Plan. Doesn’t need to be very long - this is just to show that
you’ve thought about the costs that are a risk to the business month after month.
If you have a way to control these costs, discuss that here as well.
D. Collaborators
Finally, write about who your key collaborators are. What people, groups and
organizations will be key in helping you fulfill your mission? Say what they will add
to your business, and what your current relationship is with them. Are these people
you would like to collaborate with, or you’ve already started? What’s the current
status? How will they help you deliver on your mission? Be specific here - show
what strategic relationships that you have which will be a strategic asset to your
business.
6. Impacts
A. Community
Here’s your chance to write about the positive impact you will have on your
community. What’s the direct impact you will have on improving the lives of real
people? Link this back to your mission and vision if possible.
You can also discuss your involvement with the Precious Plastic community.
Perhaps discuss how you will contribute back to the Precious Plastic open source
community and share your knowledge with other Precious Plastic workspaces.
B. Planet
The planet section is for you to discuss the positive impact you will have on the
environment. Show your vision and dream about a cleaner, greener future. It’s
important to think about how you will measure this as well. For many Precious
Plastic businesses this will be the amount of material recycled.
C. Income Streams
Next describe your revenue model, or how you intend to bring in money month
after month. Refer back to what you wrote in the action plan - is it product sales,
workshop ticket sales, machine maintenance fees, or some other revenue model?
How do you intend to price your products and services? Do you have different
models for different products and services? Describe each one in detail.
7. Financials
The financials section is where you will build holistic financial picture to argue that you
can turn your idea into a financially successful business.
First, write about the investment costs that you will have to pay in order to get started.
You can pull this information from the workspace calculator and paste into a table. Copy
in the investment costs table from the workspace calculator and add a total value.
Investment Costs
Initial Investments Cost
Total:
Next describe how you intend to raise the initial money you need to get started. Is this a
bank loan, grants, your private money, or assistance from the local government? Describe
the different forms of financial assistance that you are pursuing.
Next you should copy in the Profit & Loss statement from the workspace calculator
generated on the “extras” page. The profit and loss statement shows your estimated
financial outlook for the first three years of operation.
Profit and Loss Statement
Revenue
Cost of Sales
Net Revenue
Fixed Costs
Business Taxes
Net Income
The cash flow statement shows that you will have enough money on hand to meet your
financial obligations throughout the first year. Grants or bank loan applications often ask
for these statements.
Month
Money In Bank
(Beginning of
Month)
Initial Investment
Revenue
Total Cash In
Investment Costs
Variable Costs
Fixed Costs
Money In Bank
(End of Month)
8. Legal Structure
The legal structure section is where to describe how you’ll be organized as a legal entity,
or how you’re registered with the government. Your project doesn’t need to be structured
as a commercial business - could be a non-profit, association, cooperative, project within
an existing business, B - corp, social business. “Business plan” is the terminology that’s
often used for a plan such as this, but doesn’t mean you need to run it necessarily as a
“for-profit” business. This is going to depend on your situation, and could also depend on
your country - sometimes it’s easier to structure a project a certain way depending on the
legal entity regulations. One or the other maybe more tax friendly - more often a non-for
profit or association is the more favorable tax structure for receiving grants. Describe
here which legal structure you intend to use and why.
9. Appendix
The appendix is the place at the end of your business plan for any other supporting
documents, pictures, graphs, or anything else you can think of that will help build your
case. You can refer to items in the appendix throughout your document. Some items that
could be found here are signed letters of intent from businesses wanting to buy your
product, extra pictures of your products or services, additional financial graphs, and
letters of understanding between you and collaborators.