Confused about how a crowd sourced business plan comes together? You’d be surprised to find out that there really is no set standard, at least one hasn’t been developed as of yet; however, this relatively new way of conducting business has many people interested in learning more about it. And when its done right, you have a better chance of being sponsored by people who are willing to invest their money in your business.
However, if you’re still confused about where to start, you can always hire a contractor or company that specializes in this form of writing. When you utilize a large base of users on the web , you’re able to get a variety of opinions as to what sort of strategy will benefit your company and its vision. The knowledge of the masses holds true here and the more opinions and feedback you receive, the more thorough your business plan will be, which is essential when you are reaching out to others to help fund your business.
People want to know that the money they are spending is money well spent, and what better way is there to convince people that their money is in good hands, when you know exactly how you intend to spend the money. However, no matter which route you decide to take, whether you hire an individual or outsource to a team of business writers, you’ll want to make sure that your business plan proposal answers the following questions:
Your Crowdsourcing Business Plan Should Answer These Questions:
- What product or service does your business plan hope to deliver?
- How do you plan to market your business plan?
- What marketing platforms will you utilize to get your business plan recognized?
- Who do you expect to be the main buyers?
- What competing business models (if any) do you have to contend with?
- How much capital do you need to fund the company?
The business plan will need to have a pro forma financial model. A pro forma financial model is a simple, intuitive financial forecast, which helps you predict financial forecasts. It includes statements, balance sheets, cash flow statements, etc. It will need to illustrate how you plan on spending your capital and what the timeline is for loan repayment or an exit for investors. Presenting the investors with a revenue forecast (such as profit, loss, cash flow, or no-change) is vital.