What
is design and development plan
In business plan writing there is a section “design and
development plan” that is meant to provide investors and venture capitalists a
depiction of the product’s design.
Purpose
of Designs and development plan
• To provide a graph of its development contained by the
context of production and marketing and the company itself.
• To craft a development financial plan for achieving the goals of your company
Cover
the following areas while writing a development section
. Product development
. Market development
. Organizational development
Examine all of the elements when it comes to plan about funding and when your
business starts getting income. These three elements differ with one another
regarding their content. You will construct these elements depending on their
structure and goals.
If your product has not a physical existence and its actually a service which
you will offer so enlighten the service by the terms like:
• Benefit derived
• The arrangement and construction behind the service
• Sources that are involved to provide and run that service
• Cogitate forming a timetable in your business plan and reveal how the product
is going to be advance periodically in future.
• Also consider forming a timetable in your business plan to show that how the
product is going to develop over time in the future.
• What expenses and outlay including marketing strategies are going to be
implemented.