STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

Step-By-Step Business Concept Paper Template For Young Entrepreneurs – Your business concept note defines the scope of your business operations. It’s a bullet point itemisation of your business activities.
If you are intending to start a business, expand your existing business or seek for grants from government or other bodies, Step-By-Step Business Concept Paper Template for Young Entrepreneurs is good for you. It’s necessary you go through this post with a blank paper and pencil noting down your particular business peculiarities.

Uses of Concept Paper:

Concept papers are needed –
  • When you are nursing a business idea.
  • When you want to expand your business
  • At the formation of your company
  • For discussion with partners, and investors
  • When writing your business plan or proposals
  • To form your company Memorandum of Association
  • By your local chambers of commerce
  • When looking for grants
  • And others.

This post is an all purpose business concept paper  template. I suggest that you structure your business concepts as presented here. Ensure you add enough narratives to press your facts home.
STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

The Company Basics:

This part will include –
  • Name of company:
  • Address of company:
  • City
  • Country:
  • Company Registration number
  • Name of owners 
  • Email of owner addresses
  • Phone numbers
  • Number of employees:
  • Start up year:
  • Logo uploaded


STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

Your Product/Services:

  • Picture of product, service or the essence of the company
  • Short description of product or service  
  • What makes the business unique? 
  • Unique selling point, emotions, technology, 

The Market:

  • Who are your customers and what are the needs you address?
  • Market Segments, target groups, sectors, demographic segmentation.
  • How do you reach your customers?
  • Sales channels, customer involvement, market test
  • How do you keep and develop your relation to important customers?

Competition:

  • What is the current situation at the market you are addressing?
  • Competitors, value chains, drivers, risks, niches
  • What are your competitive advantages?
  • Distributions channels, low costs, high quality etc.
  • Where do you see the market going in the future and how will the competition change?
  • Customer behaviour (taste), technologies (fashion), new competition


STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

Running the business:

  • What are the key activities generating revenue?
  • Focus, time, networking, sales, development etc.
  • What is your revenue and from which activities and customers?
  • Is the company profitable?

Resources and Costs:

  • Number of employees ?
  • Number of employees, Management, organisation, structure, key skills, advisors
  • What are your key resources?
  • Hardware, software, designs, networks, brand, key partners
  • Which steps are taken to secure franchise  and rights?
  • Copyrights, design rights, patents
  • Describe your costs?
  • Development Cost, running cost, manufacturing, labor, marketing

Get various business plan format here


STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

The Future of the Company:

  • Dreams and ambitions of the company.
  • Revolution, world dominance, scalability, exit strategy
  • What are your next steps?
  • Short term, long term, investments, new markets
  • What do you need in order to succeed?
  • Capital, skills, networks, technologies, partners, knowledge 

Looking for investors?

  • Are you looking for investors (yes /no)?
  • If yes – What is your experience with investors so far?
  • If yes – What stage is the business currently at in relation to investments?
  • What amounts of investments do you want to attract and for which goals?
  • What are the characteristics of the investors you are looking for?
  • Skills, networks, time frame
  • What are you ready to give investors in return?
  • Minority share, majority, influence


STEP-BY-STEP BUSINESS CONCEPT PAPER TEMPLATE FOR YOUNG ENTREPRENEURS

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