When submitting a business plan to a lender or investor, it is important to include a business plan cover letter that is addressed to the person who will review the business plan.
Provide a brief summary that clearly articulates the essential idea of your Submission. Include a summary explanation of the issue or problem you are trying to solve, standard bank business plan format reasons why you chose to solve this particular problem and the solution s you propose to your problem.
Is the Executive Summary clear and effective as a stand alone section? Does the Executive Summary clearly articulate the idea of the submission? Is there adequate detail in the idea? Does it show a clear understanding of the elements that need to be addressed?
Has the idea been thoroughly developed? Are the ideas unique and innovative? Research and Viability Analysis Task: Provide background research as to why you chose the idea presented in the Executive Summary. The research should include demographic and psychographic substantiation that this idea solves both the problem presented in the Challenge Question and the Sub-Problem your team has identified to solve.
Provide an analysis on the viability of implementing your idea in the Canadian financial industry. Proof of concepts of similar projects in other countries or industries can be used as examples to demonstrate that your team idea is realistic and in scope for a large enterprise to implement.
Why did you select this problem to solve? Why is this solution the one you recommend to the problem? Give examples that demonstrate that the solution is viable. Are concrete examples given that demonstrate that the solution is viable?
Does the idea take into consideration the trends and change factors in the current environment? Does it take into consideration the current and future nature of competition?
How well does the idea identify the impact on all demographics? Does the idea have proprietary features that will provide competitive advantage? Is the research and analysis evident in the idea description?
Does the plan consider the impact of competitors or new entrants? Does the plan provide a clear description of the critical issues that need to be resolved to move forward with implementation?
Is the plan consistent with the overall concept set forth in the idea concept? Is the idea feasible overall? Are the assumptions reasonable and realistic? Could the idea be implemented by the Bank? Is there market opportunity and success potential to move forward with the idea?
Provide the Bank with all required sections plus a final section which pulls the threads of your idea together and extends your idea to look at impacts and implications of implementing the idea on the target market at large.
Use the Appendices to add evidence to the case for your innovation. Appendices are not included in word limit. Does the impact analysis extend your idea to look at impacts and implications of implementing the idea on the target market at large?
Innovation — Is the idea innovative? Problem Solving — How well does the proposed solution answer the proposed problem? Is the insight based on strong research? Compelling — Is the idea and presentation compelling?
Benefits — Would the idea benefit the Bank employees and clients? Viability — Could the idea actually be implemented at the Bank? Projects will be evaluated based on the following scale: Is the idea innovative?
How well does the proposed solution answer the proposed problem? Is the idea and presentation compelling? Could the idea actually be implemented at RBC?
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When it comes to a business plan format, there are ten basic elements that must be covered when writing a business plan.. The standard contents of a business plan includes: an overview; executive summary; general company description. ELEMENTS OF A TYPICAL BUSINESS PLAN I. Executive Summary A. One sentence explanation of the enterprise B. Define the market opportunity C. Simple definition of the product or service. Business Plan Template Complete Fill in the Blanks Sample Business Plan Proposal (With MS Word Version and Excel Spreadsheets) If the executive summary doesn’t succeed, your business plan will never sell investors. We recommend that you write the summary first and use it as a.
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Standard Bank’s guide to creating a business plan General information A business plan is a detailed overview of the current position of a business, where it wants to.
Your business plan identifies certain details about your business idea, and the industry that you plan to operate in.
If you follow a standard business plan template, you can be .