[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-351383-105":53,"doc-detail-351383-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","big-ideas-business-plan-competition-business-plan-template-7-page","Big iDeas Business Plan Competition - Business Plan Template (7-Page)","","Big iDeas Business Plan Competition business plan template designed as a concise 7-page structure divided into ten sections. 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Each section is dedicated to essential information needed for writing the well thought out business plan.  \nFollow the outline to organize your thoughts and answer key questions needed to start and grow a successful business. Complete the sections one at a time to finish your entire plan effectively.  \nUse the Where should you look? sections to access resources available through SMU Libraries. You will be making assumptions, but need valid sources to justify them. If you need assistance with finding appropriate resources, Ask a Business Librarian.  \nPAGE 1  \nSection I: EXECUTIVE SUMMARY-Keep to one page!!!  \nThe Executive Summary is the most important part of your business plan. It must capture the readers’interest, or they will never get through rest of your plan.  \nStart your Executive Summary with a brief and concise explanation of what your company does.  \nNext, explain why your company is distinct from other competing businesses and qualified to succeed. For example, does your management team have unique competencies? Do you have patents? Are you the first mover in your market? Does a huge, unmet market opportunity exist? Do you have other compelling attributes?  \nFinally, include a synopsis of your financial projections. Specifically, include your expected revenues, expenses and profits for each of the next five years, how much funding you are seeking, and the key uses of these funds.  \nPAGES 2-7  \nSection II: COMPANY OVERVIEW  \nThe Company Overview provides a brief history of your company and answers questions such as when and how your organization was formed, what type of legal entity you are, and any accomplishments to date.  \nImportantly, your past accomplishments are the best indicator of potential future success, so be sure to identify and include all key milestones your company has achieved.  \nSection III: INDUSTRY ANALYSIS  \n1. Market Overview: The Market Overview section discusses the size and characteristics of your market. For example, if you are a restaurant, you would include the size of the restaurant market, a brief discussion of sectors (e.g., fast food versus fine dining) and market trends.  \n2. Relevant Market Size: The relevant market size is a much more specific calculation of your market size. It is the annual revenue your company could attain 100% market share. Your relevant market size is calculated by multiplying the number of customers who might be interested in purchasing your products and/or services each year by the amount these customers might be willing to spend, annually, on your products and/or services.  \nWhere should you look?  \nA.  IBISWorld – Search by existing company, industry keywords, or NAICS codes (more on industry codes available here) .  \nB. Mergent Intellect – Search by existing company in search box and then select the Industry Details tab to find First Research reports. You can also select First Research from the main page, click Submit, and then search for industry keywords or NAICS codes.  \nC.  Mintel – Search for consumer-focused markets by keyword or look through the lists of reports by category.  \nTry all the sources listed in the Industries and Markets Research Guide. Different resources will vary in usefulness depending on the industry and market you are researching.  \nIf you need a specific market share, try Business Insights: Global. Use Advanced Search, enter Market Share Reporter as a publication title and your keyword(s) as a search term.  \nSection IV: CUSTOMER ANALYSIS  \n1. Target Customers: Your target customers section defines current and/or intended customers.  \nIdentify your customers by including as much demographic data on your target customers as possible, such as their gender, age, salary, geography, marital status and education.  \nWhere should you look?  \nA.  U.S. Census Bureau’s ","cbCaifA62oochPiM","https://ap.wps.com/l/cbCaifA62oochPiM","pdf",251850,"English","# Section I: EXECUTIVE SUMMARY\n## Page 1\n# Section II: COMPANY OVERVIEW\n# Section III: INDUSTRY ANALYSIS\n## Market Overview\n## Relevant Market Size\n## Where should you look?\n# Section IV: CUSTOMER ANALYSIS\n## Target Customers\n## Where should you look?\n## Customer Needs\n## Where should you look?\n# Section V: COMPETITIVE ANALYSIS\n## Direct Competitors\n## Where should you look?\n## Indirect Competitors","[{\"question\":\"What is required in the executive summary section of the template?\",\"answer\":\"It must fit on one page and clearly describe what the company does, why it is distinct and qualified to succeed, and a synopsis of financial projections for the next five years including revenues, expenses, profits, funding sought, and key fund uses.\"},{\"question\":\"How does the template define relevant market size?\",\"answer\":\"Relevant market size is calculated by estimating the annual number of customers who could buy the products and/or services at full market share and multiplying by the annual amount those customers are willing to spend.\"},{\"question\":\"Where can research for industry and market information be found?\",\"answer\":\"The template suggests using sources such as IBISWorld, Mergent Intellect, Mintel, and Business Insights: Global, and it recommends trying the resources listed in the Industries and Markets Research Guide.\"}]","Big iDeas Business Plan Competition - Business Plan Template (7-Page) | PDF",1790093952]