...startup funds. Content o utline objectives and goals industry overview competitors/ market positioning analysis marketing strategies, pricing and promotion strategies description of products and services company structure and background of the management team operational planning financial planning writing tips make your business plan user-friendly, easy to read and understand. Use charts and figures along with descriptions and interpretations. Tailor your business plan for specific reader. For instance, you should focus on cash flow adequacy for banks and potential return with payback period for investors. Follow a complete structure to present your business in an organised way. Include a general market overview / market analysis to show your understanding of the industry and your business position. Emphasise your business uniqueness, strengths and competitive advantages. Develop realistic but aggressive projections, explain use of fund and expected payback period. Complete all the sections of a business plan first, then put all the highlights in the executive summary concisely. Review and edit before presenting it. Business plan template illustrative business plan source: success

most young people who are just starting out don't have much capital. if they want to start a business, it is inevitable that they will face financial challenges. so how can this be resolved? the government provides over 70 funding schemes with different funding scopes, amounts and requirements to promote and support the development of enterprises and industries in hong kong. the trade and industry department's sme link " government funding schemes " webpage offers a convenient search tool for browsing a wide range of government funding schemes. young people can filter and search for funding schemes based on eligibility, industries, business needs, or keywords. >>click here to visit the "government funding schemes" search tool in addition to the search tool, young people can also browse the government funding schemes at a glance to gain a comprehensive understanding of the support available. sources and useful links the trade and industry department's sme link govhk - government funding schemes startmeuphk

...startup survey released by invest hong kong, both the number of startups and their employees have reached record high—underscoring the ecosystem's vitality. Let’s take a closer look at the key findings: 1. Record high in the total number of startups the total number of startups in hong kong soared to 4,694 in 2024, marking a 40% increase compared to 2020. 2. Record high in the total numberof employees recruited by startups startup hiring has been on the rise since 2021. In 2024, startups recruited 17,651 employees —a 65% jump from 2020. 3. Continuous growth in locations of co-working spaces/incubators/accelerators since 2020, the number of co-working spaces/incubators/accelerators grew by 18%, rising from 116 to 137 locations . 4. Attraction of non-local talents non-local founders made up 28% of hong kong’s startup community in 2024. Among them, 40.3% originated from mainland china. 5. Most startups are engaged in the fintech sector the fintech sector ranks the top in terms of number of startups in 2024 with 619 such companies. Apart from the leading industries such as infomration, computer & technlogy and e-commerce, noteworthy growth has been observed in health & medical and sustainable technology / green technology, reflecting a heightened focus on personal health and sustainability. Interested in starting your own business in one of the fast-growing industries? here below are some useful resources: govhk - starting a business (financing & planning) support and consultation centre for smes of trade and industry department website - business start-up information service we venture website sources startmeuphk website - hong kong’s startup ecosystem invest hong kong’s 2024 startup survey