Why you need this service?
A business plan is the most convenient tool to assess the feasibility and profitability of your idea. If you want to explore opportunities available on the market, determine the profitability of a project, facilitate access to finance or to find a reliable business partner – then this service is for you. A well-designed business plan will help you make a decision that will guarantee your long-term success.
How we do it?
With each business plan prepared by SavvY, approaches and methodologies used in the workflow varies across different projects taking into account the complexity and scale of the business idea, customer requirements, industry specifics, and product / service characteristics.
The structure of our proposed business plan includes market analysis, concept development, funding sources, financial model preparation, and risk assessment components.
What we offer?
As part of the business plan service, SavvY offers an analytical document that includes market analysis, concept development, information on alternative sources of funding, financial model, and potential risk assessment and prevention mechanism.
The standard structure of a business plan consists of the 5 key components listed below, although every plan is tailored to the specific needs of a client, hence the structure of the document can be modified by adding additional component of removing existing ones.
The market analysis helps you to explore opportunities available on the market, assess how the market works, discover the direct or indirect factors that might affect your operations in a positive or in a negative way and to determine the existing and expected quantity of demand and supply of your product or service.
During the market analysis, the SavvY team develops a research methodology that combines the most effective analytical tools available. These tools include a qualitative research method, i.e. in-depth interviews, focus group discussions, experiment, and observation. Furthermore, one of the most convenient tools used in the analysis process is statistical data analysis along with the industry SWOT analysis.
The business concept developed by SavvY will help you to determine the most convenient business model that is suitable for your future business activities, to assess the volume of the target market and to emphasize the main characteristics of your future product/service that will create additional value for your potential customers and the competitive advantage for you.
During the concept development the SavvY team uses the following tools: the business model canvas, the Growth-Share Matrix, market segmentation, competitors’ analysis, marketing mix, i.e. 4P and 4C, and Porter’s 5 forces analysis.
One of the main components of the business plan is to explore funding opportunities available. This might be the funding programs implemented by the Government of Georgia as well as the financial and technical support programs, i.e. credit lines, grants, etc., offered by the international organizations. The business plan document prepared by the SavvY team addresses all the requirements the beneficiaries should meet if they plan to participate in a particular subsidy program and discusses the steps that need to be taken by the stakeholders. Moreover, the document also provides the potential impact this programs might have on the project financial indicators.
Financial model is a flexible tool that leads you to the optimal funding structure, gives you a clue what should be the total investment necessary to implement the project, what is the expected cash inflow and outflow, what is the most convenient production plan that leads the company to the highest returns, which scenario leads to the profit maximization condition, what are the key performance indication and what do they represent, and how sensitive are these indication to the change in different determinants.
Financial model is based on the financial, economic and product/service related assumptions that are backed up by the in-depth analysis of the market as well as the industry specific characteristics. As a result, each of these assumptions is reasonable and allows us to make financial projection for the next 5-7 years.
The final stage of the business plan development identifies potential risks and classifies them by type, scale, probability of occurrence and the impact level. Furthermore, it provide an effective mechanism to prevent the impact they might have on the project outcomes.