TEF $5000 Grant BUSINESS Plan SUMMARY Template to prepare your business plan and pitching for 2022 Application that will start by 1st of January 2022
TEF $5000 Grant BUSINESS Plan SUMMARY Template to prepare your business plan and pitching for 2022 Application that will start by 1st of January 2022
PROBLEM & SOLUTION
About Your Business- Required for Pitching
Describe an overview of your business, highlighting:
- How you came up with this business idea.
- What problem you are trying to solve.
- How your business solves this problem.
When describing your problem, make sure that you quantify the significance of the problem in terms of loss (i.e., time, money, other resources) or uncaptured value (# of people or entities that need a solution to this problem) Not more than 150 words. –
BUSINESS PROCESS
Features & Functionalities- Required for Pitching
How does your business work? Describe the unique features of your business offering and how they address your identified problem. Not more than 100 words
How will you produce or provide your business offering? Tell us how you will create or develop your product. If you are offering services, describe how you will equip yourself/your team to provide these services. Not more than 50 words.
Pricing
What is the average price of your product/service (in $USD and in local currency)? If you have not determined the price yet, talk about what you will consider in deciding the price of your business offering. Not more than 20 words
Profitability- Required for Pitching
How will you make profit? Tell us how many users you expect to sell to in a year. If your business earns revenue by usage instead of by user/customer, indicate the level of usage you expect. Give a summary of your cost of operations or cost price and mention what profit margins you expect to make from your business. Not more than 50 words.
MARKET OPPORTUNITY
Target Audience/Customers– Required for Pitching
Describe the size of your market in currency (in dollar $), your target customer, and how many customers you anticipate will benefit from you solving the problem you have identified. Not more than 50 words.
Marketing & Sales- Your Marketing Plan
Explain how you plan to get your product or service to your target market(s). Highlight what tactics you will use to grow your customer base, maintain relationships, and build customer loyalty. What offline and online channels will you use to create visibility for your business and tell us what distribution systems or partnerships you will utilize to get your business offering to the market Not more than 100 words.
TEF $5000 Grant BUSINESS Plan SUMMARY Template to Prepare your Business Plan and Pitching for 2022 Application that will start by 1st of January 2022
TEF $5000 Grant BUSINESS Plan SUMMARY Template to Prepare your Business Plan and Pitching for 2022 Application that will start by 1st of January 2022
BUSINESS ANALYSIS
SWOT Analysis (Strengths, Weaknesses, Opportunities, & Threats)- Required for Pitching
Describe the strengths and opportunities for your business. Highlight the threats and weaknesses you see in your business and your plans to overcome them.
Your analysis can include any of the following: product, competition, political, environmental, social. technical, economic, and regulatory barriers or any relevant macroeconomic trends. Not more than 50 words
YOUR NEEDS
Resource Requirements- Required for Pitching
What do you need for your business right now? Describe the resources that you will need to meet your financial and business goals (i.e., equipment, additional employees, funding, etc.). Not more than 100 words.
Building a Team
Who is on your business team? Write a brief overview of you and your team, and describe what makes your team uniquely capable of leading your business to success? Not more than 100 words
YOUR PLANS
Business Forecasting and Planning– Required for Pitching
Tell us what stage you are in your business. Is it still an idea, or do you have a prototype? Are you testing your markets with surveys or a pilot version of your offerings? Or have you started manufacturing / offering your services? If so, tell us how long you have been in business and what are your key business achievements till date. Not more than 150 words
What are the next steps for your business?
Talk about the milestones you hope to accomplish over the next two years, on a quarterly basis. Note: Your milestones may be financial (e.g., attain xx million in revenue/profit. etc.), operational (e.g., expand branches, purchase new equipment, etc.), customer focused (e.g., attract xx number of new customers, gain xx new customers in xx region, etc.) or capability-building (e.g., build staff competencies to be able to execute xx, hire staff skilled in xxx, etc.) Not more than 150 words
Here is a video explanation of how to use this template by TEF
To review what you have written call or Whatsapp me on 08060779290
Here are Coaches Notes on how to write it
To review what you have written call or Whatsapp me on 08060779290
Online Training usually takes place at Tefconnect.net
Source: Tonyelumelufoundation.org
Read Also:
How to write operations of a business plan
2 Comments
Justin
Hi, please while submitting the business plan, can the template be edited and used or do I have to use a clean page?
Dayo Adetiloye Business Hub
edit it.