Any time a business goes through major changes, a business justification can help the leaders set the appropriate course of action. You may need this document, which is also called a business case, if you are just starting a business, expanding into new territory or changing your company structure. Furthermore, you will often need these any time your business applies for funding from investors or lenders.
Depending on what you will use your business case for and how obvious the issue is, the length of this section will vary. If you need this document for your own decision-making process and the need you solve is exceedingly obvious, you may just start with a paragraph on the need you fill. However, if you need plenty of funding or the issue is complicated, you should consider adding research and charts.
No business decision is completely without risk. As uncomfortable as it can be to consider the possible downsides of expanding or starting a company, it’s important to give this portion of the case as much attention as the advantages. If you find a risk that is completely avoidable while you solve the problem, the justification has done part of its job. Think through ways to mitigate or eliminate this potential downside.
Finally, you should outline how far you want to take this project for the time being and how it will affect day-to-day operations. Clearly explain the scope of the project or business. Although you may have big goals in your mind, keep the scope here relative to your audience.
For example, if you’re only trying to gain funding to expand to one more location, limit the scope to this for the time being. You can always add more when you’re ready to make your brand a global phenomenon. For this situation, the impact on your business may include the number of employees you will bring on.
Be as specific as possible about each point and follow them to their logical conclusions. You may find that there is a different way to structure the project that has more favorable impacts. Remember that this means the business justification is working well.
This template will be primarily useful for startups. You can prepare a business case for your new product using the slides in this template. Department leaders can use the slides in this template to prepare a list of new ways of working for the department.
Investment companies can prepare a business case for their clients and explain to them the reasons why investing money in this project will be profitable.
Business Justification is a professional and modern template that contains five stylish and fully editable slides. You can independently change the type and size of the font, color and position of the infographic. This template will be useful for project managers, startups, company executives, investment companies. Business Justification Template will complement your old presentations and will be a worthy addition to your collection of professional presentations.