What is a Business Plan?
A business plan is a document that effectively communicates the business and its potential to those that matter. It could be an investor, a bank, a joint venture partner or even a high-profile techie you want to work for your company. It will contain the background of the founding team, the business model, a brief analysis of the market and estimates of financial performance. Such a plan should be formulated even if you’re not looking to raise funding, as the questions it brings up tends to provide a roadmap for the business. Most venture capitalists, private equity firms or banks will ask for a business plan before even giving a second meeting. Vakilsearch has roped in some well-known professionals to prepare business plans with a clear and concise message.
Advantages of a Business Plan
Convince Those Who Matter
The business plan is where start-ups showcase their potential for success in an easily understandable presentation that bank executives, private equity investors and others would all understand.
Equity Funding
If you’re a techie who is good at building products, but not so good at presenting information in a way that a businessman would understand, you will need a business plan to get your round of funding.
Use our Experience
Vakilsearch has tied up with experienced professionals to build your business plan. Their knowledge of what investors are looking for in a business is sure to help you get ahead.
Build the Roadmap
If you’re a techie who is good at building products, but not so good at presenting information in a way that a businessman would understand, you will need a business plan to get your round of funding.
What will the Business Plan Contain?
Elevator Pitch:
A brief paragraph on the problem you are trying to solve.
Solution:-
The answer to the problem you are trying to solve.
Market Analysis:-
Insights into the market and a dense analysis of the competition
USP:-
Evidence that your business differs from other businesses and why it will succeed
Business Model:-
Where you believe you add value and what customers will end up paying for.
Go-To-Market Strategy:-
How you reach customers and convince them. How, over time, this strategy will evolve.
Current Traction:-
What has already been achieved by the business.
Founding Team :-
Backgrounder on each founding member and other key players.
Business Plan Procedure
5 Working Days
Over the first five days, we will ask for in-depth information about your business and competitors. This will begin with broad vision for the company and extend to the finer points of the business, including customer acquisition costs, breakdown of revenues, etc.
10 Working Days
Once we have all the information we need, we will begin framing the business plan. Within 10 working days, we will be able to deliver an end-to-end business plan that will impress any investor or partner you show it to.
4 Working Days
Over the next four days, we will work on any iterations you may wish to make to the business plan.
Documents required for Pitch Deck
In India,Pitch Deckcannot be done without proper identity and address proof. These documents will be needed for all the directors and the shareholders of the company to be incorporated. Listed below are the documents that are accepted by MCA for the online company registration process acceptable.
Identity And Address Proof
- Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
- Scanned copy of Voter’s ID/Passport/Driver’s License
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned passport-sized photograph specimen signature (blank document with signature [directors only])
For the foreign nationals, an apostilled or notarized copy of the passport has to be submitted mandatorily. All documents submitted should be valid. The residence proof documents like the bank statement or the electricity bill must be less than 2 months old.
Registered Office Proof
For online company registration in India, the company must have a registered office in India. To prove admittance to the registered office, a recent copy of an electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/his consent to use the office as a registered office of the company should be submitted.
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned copy of Notarized rental agreement in English
- Scanned copy of No-objection certificate from the property owner
- Scanned copy of sale deed/property deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence too.
