Business plans and financial models

[ABlackMan]

As the title suggests, I’m looking for help with writing up a business plan and coming up with a financial model...

to my knowledge the plan is a statement of purpose and intent*

The financial model is how I would accumulate revenue and use the revenue or continue to grow it*

Not sure exactly how to go about it but could use a little guidance as this is my first time doing such things.


Trying to create a brand that employs creatives in all avenues from architecture to musical production. I like to call it a Creative Directory. If a company is seeking creative design or creative consulting they would call my team of specialists. Same with graphic design/marketing or interior design. Company A needs their offices redone, my creatives would be enlisted to take on contracts and get the job done right.

 

[MoneyTron]

As the title suggests, I’m looking for help with writing up a business plan and coming up with a financial model...

to my knowledge the plan is a statement of purpose and intent*

The financial model is how I would accumulate revenue and use the revenue or continue to grow it*

Not sure exactly how to go about it but could use a little guidance as this is my first time doing such things.


Trying to create a brand that employs creatives in all avenues from architecture to musical production. I like to call it a Creative Directory. If a company is seeking creative design or creative consulting they would call my team of specialists. Same with graphic design/marketing or interior design. Company A needs their offices redone, my creatives would be enlisted to take on contracts and get the job done right.

Usually you financial models are built in Excel. You'll have some basics like a 12 month income statement projection and then maybe one out to 3 years with some projected level of growth. The main point is to show whoever you're asking money from how you'll be making and spending money. I'm pretty sure you can outsource models these days.

For the business plan, there are tons of resources out there. For me, the main points to hit are the purpose of your business, the industry you're in, the customers you're targeting, any potential competition, your revenue model, and plan for growth. Me personally, I'd always want to see a contingency plan because most new businesses go sideways fairly quickly because of lack of planning and lack of funding.

So take for example your plan to provide creative consultants. How are you recruiting these creatives? What is your marketing plan to attract customers? What type of contracts are you looking to sign? Will they provide revenue every month/3months/etc? Will you have enough capital to keep running in case the payment of those contracts is delayed? How much revenue do you project will be needed to make the company profitable?