Bitcoin adoption has been skyrocketing and stabilizing as a currency, creating many opportunities in the market for people to introduce ways to grow its adoption. Pro Business Plans has seen many successful Bitcoin companies in the lending market, ATM and distribution service, and advisory sector benefit from increased usage. Our team is up-to-date on the latest market trends and overall shifts that impact Bitcoin and other virtual currencies.
Most business plans related to virtual currencies are focused around attracting investors to the business that are capable of contributing capital. It is important that users have a business plan that is uniquely tailored to the market and specific components of their business model in order to remain differentiated in front of investors amidst ad competitive financing environment.
The business model for Bitcoin includes how the company will acquire customers, generate revenue, and be sustainable. The probability of reaching profitability is in part, communicated by the quality of the management team. The revenue model of the company is important to most investors, as unless a platform has already been established, there must be some method of reaching profitability that is scalable and sustainable.
The promotion strategy of a Bitcoin company comes with some degree of responsibility for educating the entire market. This poses both a challenge and opportunity to associate one’s brand with the entire market. For instance, a company that is focused around Bitcoin ATM machines may need a promotional strategy that educates the market around the specific brand of machines that they provide.
The financial modeling associated with the Bitcoin industry depends in part on the external market adoption rates and saturation levels. Unlike mature industries where the financial performance is shared around the specific business model and competition, substantial changes in the specific currency will have a direct impact on the failure or success of the company.
Regardless if you are opening a new business, or expanding an existing one, having a business plan can help you to make more informed decisions and manage your money. It is also required by many lenders as part of your loan application.
This business plan template is updated annually to reflect the most up-to-date information on how to create a profitable operation. It was created by Chase Hughes, our CEO, and has evolved over hundreds of client engagements over the past 10+ years to become the backbone of operations and management for 1,000s of entrepreneurs.
Project future revenues using real industry data
Fully-compatible with Microsoft Excel and Word.
Critical information for operating and running the business.
Annually updated market research specific to your market.
A Business Plan is a description of the business, market, and expected financials. Plans may be used to increase sales and profitability, outperform competitors, and used to obtain bank loans or investor funding.
For startup founders and small business owners, the Business Plan is a fundamental resource for managing the business and making educated business decisions about the company’s future.
There’s no need to reinvent the wheel, though. There’s a standardized set of information and variables for most small businesses including the financial model, market research, and basic business overview that most executives are familiarized with.
Summary of what it does, how it operates, key staffing and operations procedures, risk & success factors, and management team bios.
Third-party information on the market size, key trends, growth rates, and competition both overall and for a specified region.
Complete financial projections including Revenue, Cost of Goods Sold, and Operating Expenses to produce Profit & Loss statement, Cash Flow statement, and Balance Sheet.
Comprehensive plan including market launch, social media, promotional strategies, pricing strategy, and web presence.
This is a functional model you can use to create your own formulas and project your potential business growth. Instructions will be included on the front page.
