Once the business case has been validated through feasibility analysis and with an operator on board, we help teams develop a formal Business Plan and prepare for fundraising. The Business Plan adds further rigor to the feasibility assessment assumptions and business model, including complete operations, marketing and financial plans.
It identifies the funding needed, a financing strategy that matches the types of funding with the most appropriate investors and lenders for the uses of funds, and projects the level and timing of investor returns. If an operator for the enterprise has not yet been identified, we assist our clients in conducting a comprehensive operator search and selection process before this phase of work begins.
The key audiences for the Business Plan are the management team and potential investors. The process of writing a business plan ensures the management team is in agreement about how the business will be established, operated and overseen. The Business Plan will signal to investors and lenders that the management team understands the business and can manage and grow it successfully.
Business Planning Projects
Learn how we have helped our clients develop Business Plans below.
Open Door Community House Incubator Operating Plan
Open Door Community House offers skills training programs for low income individuals in Columbus, including Culinary Arts classes and ServSafe certification. The organization has launched a Culinary Incubator to support graduates from the program who are interested in starting a food business. It offers a full curriculum in a classroom setting. New Venture Advisors developed an operating plan for the incubator and provided coaching support during its pilot phase in late 2020. (2020)
The Good Food Collective Social Enterprise Launch
Fruit for Good is a new social enterprise of The Good Food Collective. It dehydrates gleaned fruit from area farms, sells it to regional retail and wholesale customers, and donates it to food banks and pantries. New Venture Advisors is coaching the organization as it conducts a market study to refine the value proposition for customers, puts plans on paper that define the operating model and staffing plan, projects the financial resources required, and builds a roadmap with milestones through the pilot and full launch. (2021)
Whatcom Local Food Campus
The Whatcom Community Foundation invests in activities and organizations that improve the ability of people to help themselves, increase connections among people, and take cooperative approaches to community issues. WCF is exploring the development of a local food campus on a waterfront property that will become a multi-tenant site, anchored by a school district commissary. The goal is to strengthen Whatcom County’s local food system, by promoting health equity, forging tangible strategic connections between food production organizations, and helping farmers connect with institutional markets. NVA developed the business case for this ambitious project. (2021)
Worcester Regional Food Hub
The Worcester Regional Food Hub has been a collaborative effort between the Regional Environmental Council of Central Massachusetts (REC) and the Worcester Regional Chamber of Commerce, made possible by the generous support of the Health Foundation of Central Massachusetts. The food hub, piloted as a kitchen incubator and aggregation hub in 2016, sought to enhance the regional economy through improved producer and consumer networks, targeted workforce development programs, and business incubation. NVA assisted REC and its partners in assessing the market and developing a business plan for the hub’s next stage of growth. (2019)
Frenchtown KitchenShare Food Business Incubator
Tallahassee’s first food-based incubator is located in historic Frenchtown, one of Tallahassee’s poorest neighborhoods and food deserts. KitchenShare provides equipment access, business training, product development, marketing and networking to early stage food businesses. NVA assisted in the development of the business plan to launch an online marketplace that enables regional farms, KitchenShare food entrepreneurs and area wholesale customers to buy and sell from each other. (2017)
Project Angel Heart
Project Angel Heart (PAH) delivers medically modified meals to improve quality of life, at no cost, for those coping with life-threatening illnesses. New Venture Advisors worked with PAH to develop a business plan for a Community Partners Program through which the organization would contract with hospitals to provide meals to patients upon discharge. The program would serve as a new revenue stream for the organization and would help providers align with new requirements and incentives emerging from the Affordable Care Act. The program launched in 2016. (2016)
Eastern Market Corporation
Eastern Market Corporation is a nonprofit organization that manages Detroit’s historic Eastern Market and plays a critical role in fostering local food system development and healthy food access via a number of innovative initiatives. New Venture Advisors worked with EMC to develop a Business Plan for a local individually quick frozen (IQF) processing facility that would provide a new sales channel for regional growers, and increase access to local produce year-round for Detroit area institutions. (2016)
Field & Fork Network
New Venture Advisors conducted a Feasibility Study with Field & Fork Network and in partnership with Cornell University Cooperative Extension. The study recommended the launch of a Western New York Food Hub. New Venture Advisors worked with the project team on an operator search, and then developed the food hub Business Plan alongside the chosen operator, Eden Valley Growers, a longstanding farmer-owned cooperative in Eden, NY. The hub launched in 2015. (2015)