Professional Documents
Culture Documents
Ignite Business Plan Template
Ignite Business Plan Template
Ignite Business Plan Template
SAFETY FIRST
Who we are
Place your
Name of your Venture: Safety First venture
logo here
Why ?
Explain why do you want to pursue this Business Idea.
So we pursue this businesses idea because every person have a fear of road accident and as a
famous quote "speed thrills but kills", it represent the fear of road accident. The percentage of
road accident in India is getting higher and higher and the main cause of the most accident is
over speeding. With the help of our product we can try to control road accident and With the
help of this our customer can safely ride or can drive the vehicles.
What ? Your goal when answering
Provide a brief on what does your venture do.
this slide should be to create
We found that approximately 80 % of the customers that we interviewed are facing this problem.
We chose speed governor as a problem for those two, three & four wheelers who drive their automobile
enough interest about your
at fast speed without thinking about themselves & their family and get killed in accident leaving long venture.
lasting impact on the society. It is mainly recommended for those people so that their life can be insured
and less accident take place.
How ?
Explain how your venture solves the problem and make its revenue.
TAM
Frustrations
Ethos
Two wheelers drive at a fast speed which may result in
accident
Age: 44
Occupation: Real-estate
Bio
Location: Haryana
• He just wanted to have a speed limiter in his bike so that
Personality he can control himself and control his son, So that he The aim is to collect the
cannot overspeed. information about your ideal
• He wanted to have a speed governor because recently he customer persona who are
ran into an accident in which opposite party was over likely to buy your product or
speeding and due to which he met with a normal accident. service . It will help you tailor
the user experience through
• He also saw that his son was over speeding his bike, so for
targeted design.
his safety he wanted to have a speed limiter in his bike.
Place your
I would WANT:
We are providing road safety GAIN CREATORS GAINS When being in a situation like on
FIT a highway where there is a limit
device to avoid misshaping’s PRODUCT/
JOBS of 80/km the person with
And reduce mortality. SERVICE
obsession will drive their car upto
PAIN KILLERS PAINS 120/km, While in any
mishappning the person injured
is sent to the nearest hospital
Features like speed limiter after being investigated by the
and crash sensor will relief I would HATE it if:
rescuer which covers a lots of
First pain of the client is not to have control time and without being informed
the tension of family to the family of person being
on overspeeding second the person being
members and loved once as injured is not informed to the family and injured.
it gives an essence of pure nearest hospitals on time..
safety.
Solution Place your
logo here
• Currently the customers are addressing the problem of people being over speeding on highways
and city roads.
• Our solution offers customers the benefit of speed limiter, surveillance and a crash senser that will
automatically send SOS to nearest service centre, Hospitals and registered mobile numbers.
Market reviews Good for Gps tracking Useful for bike riders. Cheap alternative Expensive but worth Affordable and all in one
and Affordable And cheap. buying. solution for ultimate
safety.
UVP Open to customization, Light weight Usefull for Cheap alternative, for All in one product with Our product is cheaper
Data Backup bike riders. Easily aches safety. good quality. alternative with all the
on helmet features built in one
device.
Our Product is based on various features starting from Speed limiter it will reduce the speed of the car
according to the set limit or the limit of the road set by RTI where active GPS comes into role which has
two main features one is to tell the system where to reduce or increase the speed limit according to
the mentioned limit and second it send the live location of the person being injured into an accident
with the help of crash sensor. Crash sensor then connects the person to the nearest hospitals, service
stations and registered mobile no. The product is also having an additional feature of driving assistance
which provides accurate judgment of roads and parking assistance.
MVP Validation
What is your MVP
Conclusion:
Test Details: Persevere
Pivot
How long will we test this MVP?
Not conclusive
Who is our target audience for the test? How many of them?
Results of Test:
Realizations / Insights:
Did enough customers buy? Why or why not?
Did customers come back to our product or show interest in doing so? Why or Next Steps:
why not?
Explanation:
Forecast P&L
Profit and loss forecast
JAN FEB MAR APR MAY JUNE JULY AUG SEP OCT NOV DEC Totals
COGS
Cost of goods sold 0.00
Gross profit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Expenses
Salaries and Consultant Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Marketing and Promotion 0.00
Interest on Loan
Result
Net Profit/Loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Gross profit margin
Net profit margin
Explanation:
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Starting Cash Position
Cash Inflows
Total Sales
Cash Outflows
Cost Of Goods Sold
Operating Expenses
New Fixed Assets Purchased
Loan Payments
Total
Result
Change during month
Closing cash position
Place your
Forecast Balance Sheet logo here
Break-Even Analysis
Balance sheet forecast
Average sales price per unit
The numbers reflected on this Balance Sheet are computed as of :
Average cost of each unit
Assets
Current assets 0.00 Gross profit margin
Cash Fixed costs 0
Petty cash Sales required to break even
Accounts receivable Number of unit sales to break even
Stock on hand (Inventory)
Other Assets
Fixed assets 0.00
Equipment Gross Margin %of Sale s
Furniture
Gross Margin 0
Other Fixed Assets
Total as se ts 0 Total Sales 0
others
Office Supplies
Misc. Expenses
Earnings (EBDITA)
Unit Economics
Unit Economics Year ……..
P & L/ unit Year ….. CAC
CLV
Revenue
ARPU
COGS
Gross Profit
Gross Profit Margin
Operating Costs
Operating Profit
The above is the Unit Economics for year 1 (year ……). Refer to P&L statement for year 1 in slide 21.
Assumptions (Year……..)
Terms Explanation (For the actual calculations, refer to the Financial Plan Excel sheet link)
CAC (Cost of Sales + Cost of Marketing ) / Number of new customers acquired (in currency terms)
CLV Average purchase value x Average purchase frequency x Average Customer Lifespan x Gross Margin
ARPU Total revenue in specific period/Total number of customers during the same period (in currency terms)
GROSS PROFIT Total revenue – Total COGS (In currency terms)
OPERATING COSTS Cost of goods sold (COGS) + operating expenses (OPEX)
OPERATING PROFIT Revenue from Core Operations – Cost of Goods Sold – Operating Expenses – Depreciation – Amortization
Expenses
CHURN RATE (Customers at the beginning of the period – customers at the end of the period) / customers at the beginning
of the period
Sales Plan Place your
logo here
TARGET MARKET: 1 2 3 4 5
AUTOMOBILE SECTOR Target Customer Target Customer Channels to be used to Estimated number of Estimated cost to
Segment (Type) Segment (Number) attract the target leads convert these leads to
customer segment actual customers
LEADS:
80% of the customer liked our producted
CUSTOMER:
Upper middle Each section of the
class
Clients:
society
Middle class Upper middle class
Lower middle class
Middle class
Ensure that the target market numbers are aligned with market sizing .
The sales funnel is for one year
Go-to-Market Strategy Place your
logo here
• Ensure that you have active social media presence on multiple platforms –
Facebook, LinkedIn, Instagram, Twitter, and others.
• Show your branding video. Ensure that it:
• Is crisp and engaging
• Clearly explains the brand, the venture, its target customers, and unique value
proposition.
• Show your Positioning Statement. Ensure that it clearly states what your product is
and what value it brings to the customer
• Action plan to reach your sales/customer target for the next one year.
• Show your Sales & Distribution model, clearly listing down your channels for both
sales and distribution.
Note: You may use any other template of your choice to pitch for your venture as long as
you cover all information being sought here.
Funding Plan Place your
logo here
How much funds required to reach to the next level Funds utilization strategy (Details)
of the venture? • ?
• ? • ?
• ?
How much have been bootstrapped? If not, why ? • ?
• ? • ?
• ?
How much can be bootstrapped? • ?
• ? • ?
• ?
How much external funding required? If not, why? • ?
• ? • ?
Team Composition
Place your
logo here
Team member 2 Team member 3 Team member 4 Team member 5 Team member 6
Team member 1
Key Strengths and abilities Key Strengths and abilities Key Strengths and abilities Key Strengths and abilities Key Strengths and abilities Key Strengths and abilities
Leadership Customer Collaboration : : :