A feasibility plan ends with recommendations for going forward. If a growth plan needs no capital, the authors may forego obvious company descriptions, but will include financial sales and expense projections.
While many successful companies are built on a simple idea, creating successful companies based on those ideas needs more than just an idea. It just won't be as helpful, since each business is unique.
Timelines for your solution and market growth, which should certainly include plan to build a product, staffing and growing a team, a customer acquisition planand a sales model and enablement. What does the sales model look like?
Print ads? With that said… Good luck! He has a great idea for a product that he believes will bring in the sales he wants but needed help in determining how to build a new business. This kind of info will help them see what the day-to-day will be like for your business, and reassure them that your company is reliable and consistent.
It is always a good idea to think in terms of customer needs and customer benefits as you define your product offerings, rather than thinking of your side of the equation how much the product or service costs, and how you deliver it to the customer. Think of business planning as a process, instead of a document Think about business planning as something you do oftenrather than a document you create once and never look at again.
Either way, tracking your progress compared to your plan can help you adjust quickly when you identify challenges and opportunities—it's one of the most powerful things you can do to grow your business.
If you find that you're not meeting goals, you might need to adjust your budgets or your sales forecast.