Templates
Project Plan For New Business
Plan out your new business venture using a MindGenius mind map template. Brainstorm all of your ideas then sort and organize your ideas into actionable tasks.
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1. Project plan for new business
1.1. Phase 1 – Strategic Plan
1.1.1. Define the Opportunity
1.1.2. Evaluate Business Approach
1.1.3. Evaluate Potential Risks and Rewards
1.1.4. Review and modify the strategic plan
1.1.5. Confirm decision to proceed
1.2. Phase 2 – Define the Business Opportunity
1.2.1. Define the Market
1.2.1.1. Access available information
1.2.1.2. Create market analysis plan
1.2.1.3. Implement market analysis plan
1.2.1.4. Identify competition
1.2.1.5. Summarize the market
1.2.1.6. Identify target market niche
1.2.2. Identify Required Materials and Supplies
1.2.2.1. Select a business approach
1.2.2.2. Identify management staff resources
1.2.2.3. Identify staffing requirements
1.2.2.4. Identify needed raw materials
1.2.2.5. Identify needed utilities
1.2.2.6. Summarize operating expenses and financial projections
1.2.3. Evaluate Potential Risks and Rewards
1.2.3.1. Assess market size and stability
1.2.3.2. Assess needed resources availability
1.2.3.3. Forecast financial returns
1.2.4. Review and modify the business opportunity
1.2.5. Confirm decision to proceed
1.3. Phase 3 – Plan for Action
1.3.1. Develop Detailed 5-Year Business Plan
1.3.1.1. Describe the vision and opportunity
1.3.1.2. List assumptions
1.3.1.3. Describe the market
1.3.1.4. Describe the new business
1.3.1.5. Describe strengths, weaknesses, assets and threats
1.3.1.6. Estimate sales volume during startup period
1.3.1.7. Forecast operating costs
1.3.1.8. Establish pricing strategy
1.3.1.9. Forecast revenue
1.3.1.10. Summarize pro-forma financial statement
1.3.1.11. Develop break-even analysis
1.3.1.12. Develop cash-flow projection
1.3.1.13. Identify licensing and permitting requirements
1.3.1.14. Develop startup plan
1.3.1.15. Develop sales and marketing strategy
1.3.1.16. Develop distribution structure
1.3.1.17. Describe risks and opportunities
1.3.1.18. Publish the business plan
1.3.1.19. Confirm decision to proceed
1.4. Phase 4 – Proceed With Startup Plan
1.4.1. Choose a location
1.4.2. Establish Business Structure
1.4.2.1. Choose a Name
1.4.2.1.1. Identify implications
1.4.2.1.2. Research name availability
1.4.2.2. Choose a Bank
1.4.2.2.1. Establish accounts
1.4.2.2.2. Establish line of credit
1.4.2.3. Choose legal representation
1.4.2.4. Select business tax-basis category
1.4.2.5. Choose funding source if required
1.4.2.6. Commit funding
1.4.2.7. Establish the Operating Control Base
1.4.2.7.1. Obtain required licenses and permits
1.4.2.7.2. Obtain needed insurance
1.4.2.7.3. Establish security plan
1.4.2.8. Develop Marketing Program
1.4.2.8.1. Establish an advertising program
1.4.2.8.2. Develop a logo
1.4.2.8.3. Organise promotional materials
1.4.3. Provide Physical Facilities
1.4.3.1. Secure operation space
1.4.3.2. Establish utilities
1.4.3.3. Provide furniture and equipment
1.4.3.4. Move in
1.4.4. Provide Staffing
1.4.4.1. Interview and test candidates
1.4.4.2. Hire staff
1.4.4.3. Train staff
1.4.5. Start up the business