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.
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 is launching in 2016. (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)
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)