Prepared for SM II Class Discussion Purposes

Business Plan Overview Worksheet

Name of your Business:

Team members:

Q1. Describe your business in 5-10 lines

Q2. What business problem or opportunity have you identified?

Q3. What is the solution that you are providing?

Q4. Why is your business uniquely qualified to succeed compared to

competitors?
(Please select one or more options and justify your selection)

1. We have a better product (provide justification)

2. We have superior customer service and care (provide justification)
3. Our prices are lower (provide justification)
4. Our solution solves unaddressed customer problems (provide justification)
5. Any other reason (provide justification)
 Prepared for SM II Class Discussion Purposes

Q5. What will your business look like in 5-10 years?

(Please select one or more options and justify your selection)

1. We will become the market share leader (provide justification)

2. We will diversify our product offering (provide justification)
3. We will continuously improve our existing product lines (provide justification)
4. We will focus on a high-margin segment of our market (provide justification)
5. Any other response (provide justification)

Q6. What will be the company’s business model?

(Justification)

Q7. What sales projections do you foresee?

(For answering this question, you need to create a table below depicting potential
sales for 3 years (2021-22, 2022-23, 2023-24). Also specify what contributes to your
revenues (e.g. increase in subscriptions, or new product lines, increased sales of
existing product, etc.).