At iGlobe, we are looking for entrepreneurs who are passionate, driven and enthusiastic, with sustainable business models and ideas.
Our role is to help you and your company in its journey to the global stage. We will introduce and assist with key strategic relationships and business partnerships to bring your company to the next level.
If you have a solid, globally scalable business plan and are looking for business partners that will work alongside you to build your business, contact us.
See below for more information on how to submit your business plan.
Business Plan
Your business plan is your marketing document and one by which we will make a judgment on whether or not your project fulfills not only our criteria but also, and equally important, on whether or not we believe we can add value and help you succeed. This last criterion is very important as helping you succeed is as important to us as creating returns for our investors. It is our brand.
Remember, that a pass on our part does not necessarily mean that your project is without merit; it only means that we do not believe it meets our investment focus and strategy or that we bring anything special to the table.
One thing that a lot of entrepreneurs forget is that we are on the same side of the fence; just as you will have investors to answer to, we do as well. The investors in our funds have agreed upon a business plan with us and we need to deliver on the plan.
Your business plan should be a “living” document; don't write it solely to raise money then put it in a draw and forget it. The exercise of writing your business plan can be painstaking but worth it in helping put on paper your ideas; and, perhaps even refining them into a commercially viable proposition able to attract investors.
Once written and on your way to growing your business, look at it periodically, once a quarter for example, and ask yourself: am I on track? Did my target market change or is it trending differently than anticipated? Do I need to refine/modify certain aspects of the plan and in turn, the forecasts? This exercise will, hopefully, not only help you steer your business in the right direction but also help with communicating with your investors and hence reinforce your relationship with them and the confidence they have in your ability to anticipate changes.
Investors understand that changes are required during the course of building a business; they just want to be told about these changes and what the impacts are.
Below are guidelines to let you know what we look for; use them only as a roadmap for crafting your plan.
With that in mind, we look forward to receiving your project!
Business Plan Guidelines
Executive Summary and Company Overview
Should be able to be read as a standalone document. What is your proposition? What market need(s) are you addressing? Who are your target customers? Who are your competitors (don’t say none please!)? If you insist on saying none then who are likely market entrants? A brief description of your business model? How do you plan to scale your company? What is the potential exit for investors and the anticipated timeline?
Products or Services
What are you selling/providing? What makes these different from the competition? Are they a must have and why? Is it ready for commercialization? Is there IP or other form of protection associated with the product now or planned?
Market Need
What is the state of your target market? What are the anticipated trends? What is the opportunity and how does your proposition address the opportunity? Who are your likely early adopters and eventually mainstream customers? Why should they be ready to buy your product/service?
Market Potential for Your Product or Service
Based on the market characteristics above, how do you intend to reach your potential customers? How big is the market opportunity and what are realistic market penetration forecasts in terms of revenues and customers? How do you intend to establish market leadership; product/service range, price, dominance across segments, branding, geography?
Competitive Advantage
Define and describe your competitors? What are their strengths and weaknesses? How do you intend to effectively compete and take market share away from them? What are your barriers to entry? Can your competitors eventually come right back to regain their position?
Management Team
Description of key members of the team and their responsibilities. How is their experience relevant to the project? What management gaps you feel need to be addressed going forward? What is your recruitment strategy and time scale?
Financials
Present 3-5 years forecasts (number of years up to your judgment based on your industry and its pace of change). First year should be on a monthly basis, year two to three on a quarterly basis and annually thereafter.
Show income statement, cash flow statements and balance sheet.
Clearly show the funding requirements and use of proceeds.
We are more concerned with the assumptions you use to build your forecasts then in the numbers themselves, initially, so please, state these clearly.
Submit Your Business Plan
If you have a business plan to submit, please fill in the form below: