Ideas4all. The ideas social network.

Mini business plan

If your idea is one of the 20 most voted, in terms of valid positive votes, and it satisfies all the conditions of entry for the Big Bang Challenge, Congratulations! you have advanced to the second phase of the challenge. You will receive an e-mail with confirmation. Now you're closer to the 25,000$!!

The next step is easy: you need to send us a mini business plan to the following address: info@ideas4all.com. Don't be afraid! We call it mini because it's very small. All we need is to know a little more about your idea/project, so that we can choose a winner. And we promise we won't publish the information you send us.

We're sure you've given thought to the following questions we ask you, but if you haven't, you still have until January 14th, 2011 to send us your answers and thoughts, in no more than 10 sheets of A4 paper.

1.What is the idea about? Executive summary of your idea/project

Quick company description
Quick and clear introduction of the business focus

2.Why should we listen? (credibility)

Highlights of the business that is useful to mention to grab attention

3.What problem are you solving? And how big is it? (market and market sizing)

Definition of the target market and the problem the new business solves. What is the market opportunity?
Definition of the target market size, specifically, the market available to your new business, market segments etc.

4.How do you solve it? (solution)

Description of how the problem is solved, of how you attack the market (not a product description which follows)
Value added of the product or service, how is it different from existing ones? How is it better?

5.What do you have to deliver? (product)

Product or service description, what will be delivered to the customer
Brief description of production processes if any
Brief description of the technologies used

6.How do you reach your customer? (distribution)
How do you reach your customers, and how much does it cost

7.Is there money left at the end of the day? (economics)

This is the business model: how do you make money? Can your business be scaled? Describe your income sources, your expenses and your profitability. What sales figures do you think you could achieve, and with what cost? How much profit would you make? How much investment would you consider necessary to achieve your goals?

8.What could go wrong? (competition, etc.)

Describe the nature of competition, brief competitor analysis, substitute products or services, other risks etc.
Brief analysis of the main threats for the project's success

9.Description of the expected growth of the business, headcount, revenue etc. (financial plan, milestones)

What will it look like when you run out of your money?
Project development calendar and funding