The Munich-based start-up team have managed to impress with their business plan for a diagnostics company. The highly-sensitive diagnostics allow the parallel expression analysis of individual cells and can contribute to tailor-made approaches to therapy. The independent start-up support initiative Science4Life e. The competition is in three phases. The Ideas Phase involves the description of the business idea, the Concept Phase is where the business model is presented, and then in the third phase it is the turn of the full business plan itself. The start-up support initiative supports all entrants individually in the preparation and optimisation of their business plans during the competition.
A business plan is a formal written document containing the goals of a business , the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road-map a plan that provides direction to the business.
Where do you see yourself ten or five years from now? This question perhaps is inherently frequently asked during job interviews. Why do you ask?