0
Gavin D. J. Harper
             www.gavindjharper.co.uk




            Presentation at:

Institut Supérieur de Commerce I...
 Business
         plans are used for a number of
 purposes –
     Fund raising from:
 
         Banks
     

         ...
In developing your business

  plan, you will be developing
  „entrepreneurial skills‟.
 Entrepreneurs come from a
  div...
 If  your business “doesn‟t work on paper” and
    the figures don‟t add up – it has less chance
    of working in real l...
A business plan defines what your businesses
 objectives are.
     “Mission Statement”
 
     “Values / Ethos Clarificat...
Any great idea needs firm foundations.
By spending the time writing a business plan,
you are building a firm foundation on...
 Business
         plans help get “Everyone on the
 same page” – they provide a central vision
 to which everyone in the ...
 No two businesses are the same.
 No two business plans are the same.
     It is ok for business plans to vary considera...
 Outlines what you are looking to achieve.
 How are you going to do it with the resources
  available.
 Keep it short, ...
 Who  do you anticipate selling your product or
  service to?
 What „sort of people‟ are they?
 Where do they live?
 H...
 Know everything about your enemy.
 What are their:
     Prices
 
     Strengths
 
     Weaknesses
 


 How does you...
 Who are your suppliers and how will you rely
 on them?

 Anyspecial requirements for delivery that
 are specific to you...
 What is your sales channel?
 How are you going to reach your customers?
 Do you have the funds to market your
  produc...
 How  many people will you need to run your
  business?
 Who are your “key staff”?
 What specialist skills are required...
 What  are the processes you will be using in
  your business?
 Do these processes require specialist
  equipment?
     ...
 Forecasts   for the next three – five years.
     Cash Flow
 
     Balance Sheet
 
     Profit and Loss Account
 
 H...
 Whatsort of risks is your business likely to
 encounter?
     Turbulent marketplace?
 
     Operational Risks?
 
     ...
 What     is your company‟s ethical position?
     Sustainability
 
         Social
     

         Economic
     

  ...
 Your
     business plan is an ambassador for your
 company.
     If your business was a country, you wouldn‟t
 
     dr...
 Business
         plan writing software (provides a
 template for you to fill in)
      Simple but…
  
      Generic & ...
 Wecan learn a lot from the East about
 developing sustainable businesses – some
 businesses in Japan, have a 500 year bu...
 Ifyou haven‟t got a coherent and well
  presented business plan, what else haven‟t
  you done?
 Alarm bells for investo...
Business Plans
Business Plans
Business Plans
Business Plans
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Business Plans

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A presentation by Gavin D. J. Harper, originally delivered at the Institut Supérieur de Commerce International, Dunkerque, France, on writing a business plan. The presentation covers in succinct points why a business plan is neccessary, and the basic components that every business plan should include.

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Transcript of "Business Plans"

  1. 1. Gavin D. J. Harper www.gavindjharper.co.uk Presentation at: Institut Supérieur de Commerce International Dunkerque, France March 2009
  2. 2.  Business plans are used for a number of purposes – Fund raising from:  Banks  Venture Capital  Private Finance  Internal clarification of business goals   Businessplans are not a static document that you write at the beginning of starting a business – they are DYNAMIC. Change them as the business environment and  your knowledge evolves.
  3. 3. In developing your business  plan, you will be developing „entrepreneurial skills‟.  Entrepreneurs come from a diverse range of backgrounds and integrate and synthesise a wide range of skills.  As a prospective entrepreneur, you will have to get used to wearing “lots of hats”.
  4. 4.  If your business “doesn‟t work on paper” and the figures don‟t add up – it has less chance of working in real life. No…. I regret nothing… I took the It‟s better to waste a time to do a  business plan. week writing a business plan than wasting a year (and lots of cash) trying to start up a venture that is destined to fail.
  5. 5. A business plan defines what your businesses objectives are. “Mission Statement”  “Values / Ethos Clarification”   Are your objectives realistic? A business plan makes them “transparent”   How are you going to get there? Roadmap for your business. 
  6. 6. Any great idea needs firm foundations. By spending the time writing a business plan, you are building a firm foundation on which to develop your business. “A successful man is one who can lay a firm foundation with the bricks others have thrown at him.” David Brinkley “Confidence is the foundation for all business relations. The degree of confidence a man has in others, and the degree of confidence others have in him, determines a man's standing in the commercial and industrial world.” William J. H. Boetcker
  7. 7.  Business plans help get “Everyone on the same page” – they provide a central vision to which everyone in the business subscribes. The more people you have to co-ordinate, the more important this becomes.
  8. 8.  No two businesses are the same.  No two business plans are the same. It is ok for business plans to vary considerably  depending on the type and style of business. Generic business plans are available for differetn  “types” of business, which you can customise for your own ends.  We are now going to look at a very „generic‟ type of business plan, which provides the basic elements of structure for your plan.
  9. 9.  Outlines what you are looking to achieve.  How are you going to do it with the resources available.  Keep it short, keep it concise and make EVERY WORD COUNT.  It is the written equivalent to your “Elevator Pitch”.  If you can‟t explain what you are doing in a minute, then you will lose your readers attention.
  10. 10.  Who do you anticipate selling your product or service to?  What „sort of people‟ are they?  Where do they live?  How many of them are there?  What range of ages are your customers?  What is their spending power?
  11. 11.  Know everything about your enemy.  What are their: Prices  Strengths  Weaknesses   How does your business differ from theirs?  What are you going to do better than them?  How will you steal their business?
  12. 12.  Who are your suppliers and how will you rely on them?  Anyspecial requirements for delivery that are specific to your business? E.g./ “Cold Chain” for Food-Service  “Just In Time” for Automotive Parts 
  13. 13.  What is your sales channel?  How are you going to reach your customers?  Do you have the funds to market your product to your consumers?  Innovative marketing models? Pyramid Selling  e-Business  Mail Order 
  14. 14.  How many people will you need to run your business?  Who are your “key staff”?  What specialist skills are required to produce and deliver your product or service? Are there enough of these skilled people in your  area – if not where will you recruit them from? Is there a „premium‟ to be paid for their skills?  What is the labour market like in your area?   Do you need to provide training?  Can you “outsource” where you can‟t find skills locally?
  15. 15.  What are the processes you will be using in your business?  Do these processes require specialist equipment? Capital Investment in  Tooling  Infrastructure 
  16. 16.  Forecasts for the next three – five years. Cash Flow  Balance Sheet  Profit and Loss Account   Howwill the proceeds of your funds be spent? Reinvestment in the business?  Dividends to shareholders?  Remuneration for founders? 
  17. 17.  Whatsort of risks is your business likely to encounter? Turbulent marketplace?  Operational Risks?  Staffing Risks?  Financing Risks?   THINK GREEN: Rising energy prices?  Resource scarcity? 
  18. 18.  What is your company‟s ethical position? Sustainability  Social  Economic  Environmental   How will your company be a „responsible‟ business citizen? Community engagement  Being “A Good Neighbour” 
  19. 19.  Your business plan is an ambassador for your company. If your business was a country, you wouldn‟t  dress your ambassador in a shabby, ill-fitting suit. Ensure that the plan is laid-out professionally.  Print on good quality paper.  Give thought to the cover and binding of your  plan.  With desktop-publishing and high quality printing cheaper than ever, there is no excuse for poor-quality presentation.
  20. 20.  Business plan writing software (provides a template for you to fill in) Simple but…  Generic & Inflexible   Download a “template” for your type of business from the net  Take a course in business planning (this one?)  Hire a consultant Sounds easy…But YOU know your business better 
  21. 21.  Wecan learn a lot from the East about developing sustainable businesses – some businesses in Japan, have a 500 year business plan. Including big names you might be familiar with. Toyota  Honda  Sony 
  22. 22.  Ifyou haven‟t got a coherent and well presented business plan, what else haven‟t you done?  Alarm bells for investors… What does it say about this person‟s business?  Late tax returns?  Poor organisation?  Bad time management?   UNABLE TO RUN A BUSINESS!
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