Your business plan is the basis of your strategy, fund raising goals, and overall investor package. Mentor Works understands how to frame your business and develop a narrative that outlines your business, your growth plan, and the steps it will take to get there. Our team provides consultation and advice on your strategic plan as well as formulate major aspects of your plan, including:
|Commercialization Strategy: How will you get new products to market, who are your targets, what does the path to commercialization look like?|
|Marketing Plan / Market Entry Plan: Shifting into a new market requires extensive planning to ensure you understand how you’ll position yourself for success.|
|HR & Training Plans: Development of onboarding documentation, training plans, succession planning, cross-training, review documentation and processes, and professional development plans.|
|Fund Raising & Financing: Documentation to attract external investment, VC and investor attraction packages, and exit planning.|
|Sales Forecasting / Cash Flow Planning: Develop reasonable and attainable sales forecasts, cash flow plans, as well as the sales plans to help realize your growth.|
What’s the Value of a Business Plan?
A business plan can include any number of documents and is used for a variety of purposes. A comprehensive business plan provides a range of benefits to companies – both early-stage and established firms can benefit. By engaging a third party to review your existing strategy and provide you with a detailed strategic approach, you can gain an outsider’s valuable opinion on your business, feedback on your growth plan, and advice on best practices to help you grow.
Start Ups, Scale Ups, and Earlier-Stage Businesses
A detailed business plan is critical to securing investment through private raises, traditional bank financing, and government incentives. It can also help to manage your growth plan and track your progress to growth goals. Ultimately, it will help you deliver better results faster.
Business plans can be used as a management tool for the company. Internal leaders can use it to manage their goals and align their team to the business’ growth objectives. Project-specific plans can be used to present to the Board, or to source additional investment/buy-in for larger projects. They are also used for consensus building/internal alignment on priorities and stakeholder engagement.
The Mentor Works Business Plan Process
Our process involves the client from start to finish. Our process is flexible to your needs. Most engagements follow a similar path:
Interview and Information Gathering: We review your existing documentation, financial details, marketing details, and interview key stakeholders in the business to gain background on your company and your goals.
Initial Plan Drafting: Our team reviews your information and develops an initial draft of your business plan. This is typically an outline of the document with additional questions or requests for clarification on details. We review this with you and your team either face to face or via teleconference.
Draft Completion: We complete the draft and present it to your team for review. We then solicit your team for feedback on content prior to sending it through our publication process.
Revision and Publishing: We revise content based on your feedback and send it through our publishing team who creates required graphics, tables, adds images, ensures compliance with copyright on sourced images, complete layout, and present in final format.
Presentation of Completed Plan: Our team then meets with you in person or via teleconference to present the final product. We go through the plan in detail and provide you with the completed product.
If you are just getting started with the process and would like to learn more about business plan options, please reach out to our business planning experts.