Business plan concept statement examples

A good product concept statement provides a design team with an understanding of what they are out to accomplish with their efforts.

Business plan concept statement examples

The infographic above has an example of how to backwards plan and fill in the blanks. Alright, now that you have a general idea of where you are going and how you will get there, you are ready to start writing your business plan. Imagine yourself on a second elevator ride to the 10th floor of some building, and you happen to be riding along with the CEO, or finance manager of some investing firm.

What could you say to that person in 30 seconds to make them want to sit down and hear more? When you are investing in real estate, you should have a second pitch ready to tell anyone and everyone who may be interested.

The business plan writing software that I use puts this all together for me and even hosts it on a unique webpage so I can email the pitch if I want. Writing this pitch is going to help you start working on a few important details: The Real Estate Problem you are Solving and your solution This is how you will position yourself and be better than everybody else…and fully expect it to change over time.

When we first started investing, we focused on student rentals. Though that was our focus, we also bought other buildings if the numbers made sense…and our mission changed to acquiring under-valued properties and using my expertise to renovate them cheaply.

Real Estate Financial Projections The great thing about real estate, when compared to other startup businesses, is the financials are already out there for you.

In other industries, you may be stuck guessing what your retail demand will be, what your advertising, marketing, and other overhead might be.

It should be spot on so you can impress whoever your lender will be. Next — Make sure the financial forecast is amazing The financial forecast should be pretty boring and not hard for you to determine. There is nothing terribly exciting about the financial section of a business plan.

There is even less excitement with real estate financials. And in this example, you can see how I plan for absolutely no change throughout most of for this made-up company. But then something happens — I plan to buy more property! But then it flatlines again.

Real Estate is predictable, and your numbers should be too Your banker, financier, or private lender will know real estate inside and out. They will know how much people spend on maintenance, collections, etc.

So, if the numbers in your plan are out of line, they will see it. So spend more time on this section than any other Honestly, I probably spend 3 or 4 hours just making up numbers for this example.

It would take me a few days to get everything perfect if I were using this for funding. The great thing is, the pitch uses these categories as well, so it gives you a great starting place.

A brief description of products and services.

business plan concept statement examples

For real estate, this could mean single family vs multi-family, self-storage, commercial, etc. A summary of objectives. A solid description of the market. How is your niche growing and what does the future look like in your particular market?

What your profit margins look like and how you plan to make money. Include growth potential An overview of funding requirements.

business plan concept statement examples

Find your Business Opportunity Every business finds an Opportunity to exploit. Essentially, opportunities are created by problems which you will solve. There may be a lack of low-income housing, or on the opposite side, a lack of luxury apartments.

It may be helpful to answer these four questions to help you define your opportunity: Where do you make your money? How do you spend your time? Who do you sell? What do you sell them? From online listings all the way down to your concept for showings. There are many ways to measure this, but in real estate, it could be the number of units, yearly income, or net worth among other things.

If you have a lot of experience in real estate, then really highlight it in this section.A business plan is a complex document that is comprised of many details surrounding the birth or metamorphosis of any small business. This document is used for many different reasons.

Business strategyis sometimes defined only as a firm's high-level plan for reaching specific business objectives. Strategic plans succeed when they lead to business growth, a strong competitive position, and strong financial performance.

Jun 30,  · A concept statement clarifies an idea or design in words. Such statements are often used as part of a business plan or when proposing an idea to an investor or potential partner. To create a pro forma income statement, work from your current Income statement and try to predict the future changes.

Sit down with an income statement from the current year. Consider how each item on that statement can or will be changed during the coming year. It lays out an easy way to create a comprehensive and powerful document that explains your business concept, structure, and performance.

The sample pages show a finished plan, complete with a cover letter, pro forma financial statements, and supporting documents. 3 Examples of Simplifying Business Concepts with Everyday Phrases Home > Presentation Ideas > Presentation Graphics > Examples of Business Concepts In this article you will find 3 examples of how you can simplify Business Concepts and present them as .

Example of a Product Concept Statement |