Ask yourself these questions and
write down the answers. It will
help crystallize your concept.
What makes your
business, its products and its
services unique?
How will you
resolve the most threatening
problems that may arise?
What products or
services will your business sell?
How do these
products and services benefit the
customer?
Who are your
customers?
What are your
customers' likes, dislikes, needs,
and expectations?
Analyze the
behavior of target buyers/end
users and consumer wants and
needs.
What new markets
will you try to enter?
What is the most
effective way to promote your
products and services?
How do you plan
to expand your business?
What is your
marketing category?
How will
advertising and promotions will
convey the unique characteristics
of your products and services?
What research
activities or market research
plans are unique to your business
and will you use?
What is the
image or personality of your
company and services?
Describe your
marketing spending strategy with
advertising and promotion.
Describe the
macro-environment conditions,
which addresses information on
trends for demographic, economic,
technological, political, social,
cultural, supply, etc., which
impact your business.
Discuss the
current and projected market
situation, which includes size,
growth trends of total market for
your business?
Comment on the
competitive situation, providing a
description of major competitors
with size, goals, market share,
service quality comparisons,
marketing strategies, marketing
spending, etc.
Who is the
company competing with?
What is your
competitor's pricing strategy?
Discuss sales,
prices, and contribution margins;
net profits of each company
revenue source.
Discuss whether
the company should rent or own its
facilities?
What equipment
is necessary to produce the
company's products and services?
How will you get
your services conveniently and
efficiently to your customers?
How do you plan
to finance the business or any
expansion?
Are the
company's financial projections
realistic?
Does the
company's financial projections
include a sales forecast, cash
flow projections, projected income
statement, break-even analysis and
a balance sheet?
How do your
company financials compare with
your peer group?
How will the
business be managed day-to day?
What are the
company's hiring and personnel
policies?
What skills
should key employees possess?
Are
responsibilities clear and matched
by authority?
Is your business
structure clear, yet flexible?