Features

  • Financial forecasts

    iBop makes financial forecasting simple and easy to understand. Information in this section is about money. You should state how much you would need to start the business and what it will be used for. Provide at least three-year forecasts or projections of your financials. For an existing business, you should provide financial statements in form of the income statement, statement of financial position, statement of changes in equity and the cash flow statement, for the last three years including tax returns.

     

    This will enable lenders to see the business ability generate profits in order to repay loans or to provide returns for the investment.

  • Easy plans

    When preparing your business plan, you should ensure that it is attractive and well formatted. This will ensure that your readers get interested from seeing it. Since first impressions matter, a well-formatted business plan may be an indication of your business management capabilities. It may also portray on how organized you are.

     

    iBop makes this possible with structured pitch proposals, business plan structure or detailed operational plans.

  • Customisable

    iBop allows customisation of the business and operational plan structures. This includes simple reorder of content and renaming of category headings. All made for ease of use.

     

    There are those items that must never miss on a business plan. They include; an executive summary, introduction, market analysis, marketing plan, operation plan, financial statements and management strategy. This structure can be varied but always ensure that the plan you make fully presents the new business. In your plan put in the financial sources to start and drive the business forward. Do not limit its growth to the gains accrued from the sale of your products. Come out of the closet and sample other sources of revenues such as bankers and venture capitalists.

     

    For a young business getting the right people on board to work for you is very crucial. The initial staff of a business has the power within their hands to either make the firm be among the best in the commerce world or have an alarming declining rate. A good plan may attract professional staff that will make your business successful. Include both online and offline marketing forums in your plan. When you are starting this may not seem important but as your business grows you will need to diversify markets.

  • Tips and checklist

    Our iBop Blog provides users with informative commentary on how to make your pitch, business or operational your own document. Creating a unique and customisable solution for your new idea or existing business requires your own thoughts and words. Standardised business plans that are preformatted and completion of name and base details fail to attract the attention of investors and are easily identified by professional advisers, lenders and investors.

     

    The purpose of a business plan is to source for funds and assist in managing the business to the right direction. For your business plan to meet these objectives, it should be well prepared and thoroughly researched.

     

    Preparing a business plan should start with doing a thorough research on all the aspects of the business. The first thing you should have is a business idea that can be transformed into a business with proper planning.

  • Resources

    iBop provides a wide range of resources including access to domain names and web hosting, through to websites for sourcing designers or other professionals. This is a constantly evolving area and if you have ideas of additional resources you would like to see. Our key is providing flexibility in the resources that we provide.

     

    Before you prepare the business plan, you need to conduct research about the business you would like to establish. You should collect information about the product, the market, the economy and any other information that you may deem relevant to your business.

     

    Analyse the information in relation to your business. This will ensure that you cover grounds such as marketing. It will also determine whether your business has the chance to survive competition.

     

    You will also develop strategies based on the gathered information. The strategies could be on determining the marketing plan, financial plan and operational plan and the overall functioning of the business.

  • Simple to access

    IBop is easily accessible via the internet through desktop PC or through a tablet PC. Access is simple and use of the online environment for all stakeholders.

     

    Do not make the mistake of developing the business plan in isolation. You need to include all the stakeholders and consider their input for the sake of the business. It does not matter whether you are planning to run the business alone, or you alone came up with the business idea, but unless you make consultation with people, who know the business well, then the business plan is not going to impress the investors.

     

    iBop has now made access simple for the task.

  • Share with colleagues

    iBop enables flexibility and access to share your pitch, business or operational plans with colleagues a simple process. You determine the access to whom and for how long.

     

    It becomes a daily companion of the company. It calls for regular monitoring to ensure that the goals are being achieved. As you monitor you can consider updating some parts of the plan. For you to achieve complete flexibility with your plan there are some tips on how to interweave your business plan into daily operations of the firm. To start with, make it the reference tool when doing operation and strategic planning. This will ensure that everything that runs in the firm is tailored towards accomplishing the goals of the business.

     

    For it to be successful, the executive and the key decision makers in the company should be in full support of the laid out plan. This is very crucial to enable those who are down the ladder in the company to embrace the directives. A nicely designed plan makes not work alone; the document must be functional. With a high speed internet and a working computer network, you can make your dynamic business plan available to all your employees.

     

    Never ignore the potentials of your staff, make a window for them to give you their thoughts on some parts. You might find some of their suggestions to be very helpful. Lastly, appoint a business plan coordinator to be overseeing the whole plan, notifying the executives on any changes that are to be made on the plan and to be the company’s spokesperson on the business plan.

  • Ease of updating

    iBop was created as a service easily to be updated as changes occur.

     

    Having a flexible plan will save you money and time. You will not need to restructure the whole document all over again. All you will need to do is to make a few alterations and your plan will be good as new. Your business is not immune to everyday misfortunes in the world of commerce. Hence, you have to be realistic and I am not implying that you are bound to hit the rock soon. However, your initial plan must allow for some changes in case they do occur. You will not give up on a business that cost you a fortune to start just because some financial hurdles.

     

    If you have a business plan that is flexible, you might only need to make some changes on your time line, reorganize the executive structure or even have a deeper look into your current practices.

  • Online access

    iBop provides a customisable analysis and scoreboard. Users can customise a scorecard to analyse the business to the unique characteristics of the business. Through customisable description attributes through to calculation of equal weighted and importance ranked scores. Create your own attributes, calculate your individual scores and understand your areas of improvement.

     

    Our analysis and scoreboard assist you in being prepared for the unexpected question. This also applies to a business pitch. You should go through your pitch as many times as possible to ensure that you understand it. Have the contents of your pitch on your fingertips such that you can answer any questions.

  • Simple to start

    iBop made this a simple process. Registration is simple. Access is online.

     

    Preparing a business plan should start with doing a thorough research on all the aspects of the business. The first thing you should have is a business idea that can be transformed into a business with pro You should do research on the market you will be targeting. Find out if your product can get market share in the market you are targeting. You should also find out about the unique features of your products in relation to other products in the market. Determine your target market and find information about your customers and their buying habits. Analyse your competition so that you can know which strategies to use to compete effectively with them.

     

    This information will assist you in the preparation of your marketing strategy. You will know how to market your product to your target customers. You will also find out which features of your product stand out against competition. You can use these features in your marketing plan.

     

    Set goals and objectives

    Based on the research you have done on the market, you should then be in a position to determine the kind of goals and objectives you can achieve. Set realistic goals which you can achieve with ease.

     

    Collect and analyse financial data

    A business plan requires financial projections. Make sure you have reliable data that can make real projections.

Simplexity for ease of use.

iBop makes business planning, preparing pitch proposals and the preparation of operations manuals simple and easy to use. We call this approach SIMPLEXITY

Easy to use formats

With a simple easy structure to follow with drop downs and formats, preparing your materials becomes less of a task enabling you to think clearly on your objectives and strategy. Think about the unique characteristics of your business not the formatting and structure

Online goals and simple to view

Getting the ideas right, goals, objectives and also how you will go about measuring your success can be easily managed with iBop

People wonder whether a business plan is carved in stone, whether it will remain as it is for the rest of the days of that business. However, what they should know is that this is just a document and like all other documents, this one can be edited. It can be adjusted and it can even be redone totally to meet the needs of the business at a certain time. Simply said, the business plan is dynamic. It is not static. When you have written it down, that is only half of what you should do with the plan. Most of the business plan will be edited when it is being implemented and remember that in the implementation, that is when the plan comes to life.

- Graham Chee FCPA

Have a well-prepared pitch

Have your audience in mind when preparing the pitch. Prepare a short pitch that includes all the important areas of a pitch. These areas are on:

  • Company description.
  • The problem your business will solve. This will determine the success of the business since the business will be meeting a particular need in the society.
  • Why you need money and how much.
  • Sales and marketing. Include the marketing strategy and competitor analysis.
  • Finances
  • The team behind your business. You cannot run the business alone. The investors need to know who will be working with you.

All these areas should be thought through and you should give information on how they will make your business successful. Analyzing them will give you a better chance of winning the contest. Format your pitch well in terms of font and font size. This will ensure that it is attractive and not boring. Use clear language that the investors can understand. Avoid the use of jargon that can put off the financiers since they may not understand what they mean.

All these areas should be thought through and you should give information on how they will make your business successful. Analyzing them will give you a better chance of winning the contest.

Format your pitch well in terms of font and font size. This will ensure that it is attractive and not boring. Use clear language that the investors can understand. Avoid the use of jargon that can put off the financiers since they may not understand what they mean.

Having a well-prepared pitch is one-step towards winning a pitch contest.

How you present

Making the presentation is the climax of a pitch contest. How you do the presentation plays an important role in your success to securing the funding. You should be well groomed and confident when you are making the presentation.

Make sure you have mastered the pitch before making the presentation. This will ensure that you do not read from the paper when making the presentation, but you have everything on your mind.