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Unread 12-12-2010, 18:47
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Chris Fultz Chris Fultz is offline
My Other Car is a 500 HP Turbine
FRC #0234 (Cyber Blue)
Team Role: Engineer
 
Join Date: Jan 2002
Rookie Year: 1942
Location: Indianapolis, IN
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Re: We have cash to burn...or do we?

A business plan is much more than just a list of income and planned expenses.

A solid business plan will identify your team, your mission and your goals. It can describe how your team will operate and what an "organization chart" looks like.

It will describe rules / requirements for team membership, if you have a parent club.

And, it will include how you raise funds, how they are managed, what your expected expenses will be.

There are several good examples posted here on CD and on the FIRST website. Find some good examples and then modify what is there to fit your particular team.

Also, proceed with caution. There are many teams that assumed a major sponsor would "always be there". That isn't true for companies or for schools. Always assume one of those big supporters will go away, always plan on how you will survive if they do go away. Build a strong sponsor base and always hold some money back for "next year".
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Chris Fultz
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