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Independence Marine
Sample Plan: This is the business plan of Independence Marine. Independence Marine seeks $250,000 from outside investors. Independence Marine's strategic goal is to develop, manufacture, and market products that aid in the environmentally sustainable harvest of ocean resources. Our initial product offering, Whale Awayä, reduces the accidental entrapment (by-catch) of marine mammals, particularly whales, dolphins and porpoises, in commercial fishing equipment. This accessory is attached to fishing nets and emits a signal that alerts marine mammals to the presence of a foreign object in the water. The initial product/technology concept was developed and proven in tests with fishermen in Canada and the United States by Jon Lien, Ph.D., through research at the Whale Research Centre of Memorial University of Newfoundland, Canada. The business plan includes Executive Summary, Product Description, Market Need, Marketing, Future Opportunities, Operations, Management and Financial Overview.
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Business Plan: Executive Summary
When you have drafted your first 200-300 words, you can decide what other information you need in the executive summary. For example, you might to explain what your company has achieved so far, how you are raising other finance and the role of the management team. However, go through your executive summary critically.
Writing Tip:
Business Profile - Explain in detail about your business, trends, organizational structure, influential factors in the market, patterns of research and development, contracts, and operational procedures.
The Business Plan is perhaps the most important document an entrepreneur can create. The business plan helps guide the direction of any new company.
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