Products & Services

Description of Product or Service

• Describe exactly what it is that you will be providing as a product or service.
• What size will your business be?
• What are the key features and benefits?
• Why will customers buy your product and/or services instead of a competitors.

Uniqueness of Product or Service

• Describe how your product or service will differentiate from the competition.
• Or if it is a totally new product or service to the area provide a further explanation.
• It is very important that your product or service be unique in some way.

Future Products and Services

• Do you have any plans to update existing products and /or services in the next three to five years? If yes provide a brief description.

Suppliers

• List all major and minor suppliers.
• Match the suppliers to the products or services you will be receiving from them.
• What will payment terms be?
• Can orders be made from your suppliers on-line?

Production Plan (if applicable)

• Applies only to manufacturing operations.
• Describe the manufacturing process.
• What is the production cost per item?
• What is the size and cost of the physical plant?
• What are the land requirements and costs?
• The business will require what machinery and equipment and what are the costs?
• How much raw material will be stored on the site?
• How much completed inventory will be stored on the site?

Competitive Production Advantage

• Do you have specialised skills, technology, access to cheaper materials or lower overhead costs?

Franchise Information (if applicable)

• If your proposed business is to be a franchise include a copy of the franchise agreement with the business plan.
• Also include the Franchisee's initial and ongoing costs and list the benefits provided by the Franchiser.