Write 5 page business plan for concept of Cicret as our innovation topic.
Cicret is a bracelet that is based on light projecting device.It works on picoprojector which projects the interface on your arm, when your fingers touch the interface it stops one of its eight long proximity sensors. The sensor sends information to the processor which is in the bracelet. It comes in two sizes 16 gb, 32 gb and eight colours.
You have to pitch up this business plan for investor for investment of $1 million in your company called smart solutions ltd. For that you are happy to give 20% equity of the company. Your product will target global market.
- You are the owner
- Headquartered in New zealand but think global
- Financial: you have managed to get together NZ$250,000 as starting capital
- No current IP position
Format of business plan should include following-
1) Vision – summary of the goal you hope your business will achieve within a specific time frame
2) Mission- in one sentence what you want to achieve/become?
3) Objectives/goals – specific, measurable, attainable, realistic, timely
4) Strategies – how are you going to do it? - the ways in which you are going to achieve the goals
5) Plans – specific actions to follow strategies and meet objectives
6) Opportunity - what am I investing in? – exit opportunities? Market (customers), competition, analysis
7) What do you want? – what do I get? size of the investment, ROI
8) Financial – income, expenses, profit, cash flow, requirements
9) Team – who am I investing in?