The Chapter 8 Gong Show


Plan:
* Introduce concept
* Establish new norm
* Execute concept




               Object 1



...
Introduce Concept
Dave is going to sing his composition, “The Business Plan Song”

The entire class will sing along, at le...
establish sing-along as norm

In order for the sing-along to work, everyone needs to
learn the chorus. Singing ability is ...
Okay?
Here we go.
Likable Ike said a battle plan
is worthless through and through
but the planning process
is a worthwhile thing to do

Thes...
Section 8.1: Two types of ventures

 Independent ventures
 are up to me or you

 Meanwhile corporate ventures
 are control...
The independent venture
has flexibility
but with few resources
unless you're rich filthy

An internal corporate venture
of...
STEP ONE

First you must identify
an opportunity

Then describe a vision
that everyone will see

Build a team of buddies
w...
STEP ONE, CONTINUED


Your value proposition
must make perfect sense

to drive your business model
so it will pay your ren...
STEP TWO


Narrow down the concept
talk feasibility

write a mission statement and
a C-suite summary

Study the idea and
l...
STEPS THREE AND FOUR

Now you do the numbers and
choose a legal org

project your full expenditures
into years three and f...
STEP FIVE

When you find investors
you're part of the machine

although at the beginning
you will be lean and mean

Hire t...
SECTION 8.2: NOT-FOR-PROFIT ORGANIZATIONS

Consider for completeness
the case of NFPs

Mission is the bottom line
for thes...
SECTION 8.3: THE FAMILY-OWNED BUSINESS

In a family business
you can trust your team

you can train the future from
when i...
SECTION 8.4: FRANCHISES              The DSO associates
                                     are each on their own
The fra...
Now we're going to change the norm again.

From here on, the chorus will be

In your plan
In your plan
In your plan
In you...
SECTION 8.5: CLUSTER DYNAMICS

To locate in a cluster
is a solid tip

co-petition synergies
will surely raise your ship

S...
Section 8.6: The Socially Responsible Firm
(Social, Economic, and Natural capital)

The social entrepreneur has
the greate...
SECTION 8.7: IMITATION

When there is more market than
the existing players serve

Try some imitation
if you have the nerv...
SECTION 8.8 BUILDING A NEW BUSINESS


                      Of these twelve components
                      figure eight ...
RELATING FIGURE 8.5
   TO INDUSTRY CONTEXT
To your kind investor
your venture's a product too

Your industry is in a stage...
SECTION 8.9: THE BUSINESS PLAN




                                      on page one eighty seven of
Once an opportunity i...
Remember to be flexible
and change your business plan

New opportunities may appear
while you're riding in a van

The plan...
THE END:

I am David Nicol
I hope you liked my song

Now would be a good time
for a judge to bang the gong

Fear not your ...
There's a yellow rose in Texas, that I am going to see,
Nobody else could miss her, not half as much as me.
She cried so w...
Verse:

  Out from the wide Pacific to the broad Atlantic shore
  She climbs the flowery mountains, over hills and by the ...
THANK YOU FOR
YOUR COOPERATION


QUESTION AND
ANSWER TIME
                                              Object 4




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The Have A Plan Song

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outline of Chapter 8 of Byers&Dorf set to the tune of Wabash Cannonball or Yellow rose of Texas. Performed in class using mostly C and F chords, Dave succeeded in having the entire class sing along.

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Transcript of "The Have A Plan Song"

  1. 1. The Chapter 8 Gong Show Plan: * Introduce concept * Establish new norm * Execute concept Object 1 http://www.lsjunction.com/midi/yellowr.mid
  2. 2. Introduce Concept Dave is going to sing his composition, “The Business Plan Song” The entire class will sing along, at least on the chorus. Harmonization is welcome if you are so moved. Singing together as a class what could be nicer?
  3. 3. establish sing-along as norm In order for the sing-along to work, everyone needs to learn the chorus. Singing ability is not required: we're not cutting a record here, just experimenting with a feel-good classroom technique. Have a plan Have a plan Have a plan Have a plan To succeed, you've got to have a plan.
  4. 4. Okay? Here we go.
  5. 5. Likable Ike said a battle plan is worthless through and through but the planning process is a worthwhile thing to do These words are true in business as they were in world war two To succeed, you've got to have a plan CHORUS
  6. 6. Section 8.1: Two types of ventures Independent ventures are up to me or you Meanwhile corporate ventures are controlled by the man Whatever kind of venture here is what you do To succeed, you've got to have a plan CHORUS
  7. 7. The independent venture has flexibility but with few resources unless you're rich filthy An internal corporate venture offers little choice but has strength of experience the guiding elder voice Whatever kind's your venture here's a five-step trick to impress potential stakeholders you're competent and slick
  8. 8. STEP ONE First you must identify an opportunity Then describe a vision that everyone will see Build a team of buddies with strong synergy who will help to execute the plan CHORUS
  9. 9. STEP ONE, CONTINUED Your value proposition must make perfect sense to drive your business model so it will pay your rent discuss all the ideas polish out the dents then you're ready for step 2 CHORUS
  10. 10. STEP TWO Narrow down the concept talk feasibility write a mission statement and a C-suite summary Study the idea and list contingencies draft the outline of your plan CHORUS
  11. 11. STEPS THREE AND FOUR Now you do the numbers and choose a legal org project your full expenditures into years three and four Who all will you hire and where will each one sit These things must be listed in your plan CHORUS
  12. 12. STEP FIVE When you find investors you're part of the machine although at the beginning you will be lean and mean Hire the best people who will work as best they can when you launch the venture in your plan CHORUS
  13. 13. SECTION 8.2: NOT-FOR-PROFIT ORGANIZATIONS Consider for completeness the case of NFPs Mission is the bottom line for these hard-working saints To keep the plowback ratio at one hundred percent non-profits, also must have plans CHORUS
  14. 14. SECTION 8.3: THE FAMILY-OWNED BUSINESS In a family business you can trust your team you can train the future from when it's young and green With focus on the longer term you'll eat while others starve still, it helps to have a plan CHORUS
  15. 15. SECTION 8.4: FRANCHISES The DSO associates are each on their own The franchisee buys into a system known to work You can sell cosmetics They will turn a profit just take out a small loan if they're not a total jerk and be part of someone else's plan The franchisor and the franschisee CHORUS reduce each other's risk The brand spreads to new markets at a pace that can be brisk Another kind of franchisor is called a D.S.O. (which stands for “Direct Selling Organization.”)
  16. 16. Now we're going to change the norm again. From here on, the chorus will be In your plan In your plan In your plan In your plan When you write your successful business plan
  17. 17. SECTION 8.5: CLUSTER DYNAMICS To locate in a cluster is a solid tip co-petition synergies will surely raise your ship So move to California when your software needs some zip Location should be mentioned in your plan CHORUS
  18. 18. Section 8.6: The Socially Responsible Firm (Social, Economic, and Natural capital) The social entrepreneur has the greater good at heart Considering the triple bottom line is eminently smart Before you mention trickle-down and laugh me out the door there are huge opportunities in servicing the poor So draft a triple vision and determine where you stand In the words of our mentors Byers and Dorf “An explicit statement of a new firm's strategy for acting responsibly may be an appropriate part of a business plan” CHORUS
  19. 19. SECTION 8.7: IMITATION When there is more market than the existing players serve Try some imitation if you have the nerve Provide a slight improvement a differentiating twist Don't copy all the details Do copy the gist Mention the competition's success in your plan When you write your imitator's plan CHORUS
  20. 20. SECTION 8.8 BUILDING A NEW BUSINESS Of these twelve components figure eight point four's composed Each one is important to make your business grow Some pieces may be deferred others are needed now so answer lots of questions about what and when and how CHORUS
  21. 21. RELATING FIGURE 8.5 TO INDUSTRY CONTEXT To your kind investor your venture's a product too Your industry is in a stage like a stage of a product's use Demand for an industry's product goes through stages too Your business will consume some market demand How much depends on your performance in marketplace land You can't see the future but nobody can, so: Describe the stage of your industry in your plan CHORUS
  22. 22. SECTION 8.9: THE BUSINESS PLAN on page one eighty seven of Once an opportunity is chosen your shiny new textbook attractive and feasible is a laundry list of pieces You must then write a business plan go ahead and look completely free of bull Your plan will serve to introduce There are many ways to write plans the concept and your thoughts an example of the art To those who will appear to help should include a few words the concern you have wrought on every single part
  23. 23. Remember to be flexible and change your business plan New opportunities may appear while you're riding in a van The plan reflects a moment as well as it can Don't be afraid to update the plan Update the plan Update the plan Update the plan Update the plan Regularly update the plan
  24. 24. THE END: I am David Nicol I hope you liked my song Now would be a good time for a judge to bang the gong Fear not your tuesday evening moving from bad to worse Our answers to your questions will not be sung in verse
  25. 25. There's a yellow rose in Texas, that I am going to see, Nobody else could miss her, not half as much as me. She cried so when I left her, it like to broke my heart, And if I ever find her, we nevermore will part. She's the sweetest little rosebud that Texas ever knew, Her eyes are bright as diamonds, they sparkle like the dew; You may talk about your Clementine, and sing of Rosalee, But the yellow rose of Texas is the only girl for me. When the Rio Grande is flowing, the starry skies are bright, She walks along the river in the quiet summer night: I know that she remembers, when we parted long ago, I promise to return again, and not to leave her so. She's the sweetest little rosebud that Texas ever knew, Her eyes are bright as diamonds, they sparkle like the dew; You may talk about your Clementine, and sing of Rosalee, But the yellow rose of Texas is the only girl for me. Oh now I'm going to find her, for my heart is full of woe, And we'll sing the songs together, that we sung so long ago We'll play the banjo gaily, and we'll sing the songs of yore, And the yellow rose of Texas shall be mine forevermore. She's the sweetest little rosebud that Texas ever knew, Her eyes are bright as diamonds, they sparkle like the dew; You may talk about your Clementine, and sing of Rosalee, But the yellow rose of Texas is the only girl for me
  26. 26. Verse: Out from the wide Pacific to the broad Atlantic shore She climbs the flowery mountains, over hills and by the shore Although she's tall and handsome and she's known quite well by all She's a regular combination, the Wabash Cannonball. Verse: Oh the Eastern states are dandy, so the Western people say Chicago, Rock Island, St. Louis by the way To the lakes of Minnesota where the rippling waters fall No chances to be taken on the Wabash Cannonball. Chorus: Oh, listen to the jingle, the rumble and the roar As she glides along the woodland, over hills and by the shore She climbs the flowery mountains, hear the merry hobo squall As she glides along the woodland, the Wabash Cannonball. Verse: Oh, here's old daddy Cleaton, let his name forever be And long be remembered in the courts of Tennessee For he is a good old rounder 'til the curtain round him fall He'll be carried back to victory on the Wabash Cannonball. Verse: I have rode the I.C. Limited, also the Royal Blue Across the Eastern counties on Elkhorn Number Two I have rode these highball trains from coast to coast that's all But I have found no equal to the Wabash Cannonball. Chorus: Oh, listen to the jingle, the rumble and the roar As she glides along the woodland, over hills and by the shore She climbs the flowery mountains, hear the merry hobo squall As she glides along the woodland, the Wabash Cannonball.
  27. 27. THANK YOU FOR YOUR COOPERATION QUESTION AND ANSWER TIME Object 4 http://www.k-state.edu/band/KSUMB/media/wabash.mp3

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