Business Plan Generator

How do you want to change the world?

Embarking on the journey of starting a business in Utah is both exhilarating and challenging. Amidst the bustling streets of Salt Lake City, the serene landscapes of Saint George, or the picturesque scenes of northern Utah, entrepreneurs like you are shaping their dreams into reality every day.

But with great aspirations come crucial decisions, and one of the most vital steps is crafting a solid business plan. The Startup State Business Plan Generator helps you build a tailored roadmap to success. A business plan isn't just a document; it's your blueprint, your compass, guiding you through the uncharted waters of entrepreneurship. It helps you clarify your vision, set achievable goals, understand your market, secure funding, and stay on course when challenges arise. Let's transform your ideas into a flourishing venture, one strategic step at a time.

Please answer each question and our Business Plan Generator will compile your answers into a downloadable PDF. Progress will be saved to your local device (just be sure not to clear your cookies).

*Tip*: We recommend typing your answers up in a separate text document (Google Drive or Microsoft Word) and copying them into each field in order to save your progress/answers.

Identity

This step focuses on establishing the fundamental identity of your business. It includes defining the business name and creating a concise description of what your business is about.

Business name:

Business owners:

Owner's email:

Owner's phone:

Address:

Elevator Pitch: Please describe your business idea in 1-2 sentences.

Problem Worth Solving

In this step, you identify the problem or need that your business aims to address. It's crucial to articulate why this problem is significant and worth solving. This step helps you build a foundation for your business idea.

Describe the problem your customers are facing.

Our Solution

Here, you present your unique solution to the problem you identified in the previous step. Explain what sets your product or service apart from the competition, emphasizing the value it adds.

What is your solution to the problem? What sets your product or service apart from the competition?

Can you provide this solution within a price point that the customer will pay to solve this problem?

Yes

Target Market

This step is about defining your ideal customer base. By understanding who your customers are, you can tailor your offerings and marketing efforts to their needs and preferences.

Who are your ideal customers?

Individuals Small businesses Corporations Other

Please provide additional details about your audience and expected customers.

Competition

In this step, plan to assess the competitive landscape by gathering information about your market and competitors. Knowing what others in your industry are doing can help you refine your business strategy.

How will you gather information about your market and competition (check all that apply)?

Online research Surveys and interviews Other (fill in the blank)

Please provide additional details about your market research.

Marketing Activities

This section delves deeper into your marketing strategies. It elaborates on how you plan to use various activities and tools to promote your business, attract customers, and create brand awareness.

How do you plan to reach your target audience (check all that apply)?

Social media Content marketing Paid advertising Other (fill in the blank)

Please provide detail about your marketing strategy

Expense

This step asks you to examine any anticipated expenses you might incur when starting your business.

How do you plan to finance your business (check all that apply)?

Savings Borrowing Investors Business profits Other

What are the major expenses required to start your business? (rent, specialized machinery, inventory, etc)

Revenue

Projecting your revenue is essential for understanding the financial aspects of your business. This step asks you about financing your business and to estimate your expected annual income for the first year of operation.

What's your projected annual revenue for the first year?

Less than $10,000 $10,000 - $50,000 Over $50,000

Please provide additional details about your plan to generate revenue.

Milestones

Milestones are critical goals and achievements your business aims to reach. This step asks you to define the primary objectives for your business in the next year, whether it's launching the business, achieving profitability, or expanding to new markets.

What's the primary goal for your business in the next year?

Launch the business Achieve profitability Expand to new markets Other (Fill in the blank)

Please provide additional details about your goals for your business.

Teams and Key Roles

Here, specify whether you are working alone or with partners.

Are you working on this business alone or with partners?

Alone With partners

If you are working with partners, please name them.

Please provide additional details about your team.

Vision and Resources

This step looks at your long-term vision for the business. It also checks whether you have researched and identified any legal requirements, such as permits and licenses, necessary for your business.

What do you want this business to become?

I want to build a business that will provide me with supplemental income I want to build a business that can fully support me and my family I want to build a Unicorn. Something Utah has never seen before

Please provide details regarding what legal requirements are necessary to build your business.

Have you researched and identified any legal requirements for your business (e.g., permits, licenses)?

Yes No

Final Statement

Please write a final statement about your business and why you believe it will succeed in Utah.