Business plan
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Business plan

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A short primer on the things to look out for when putting together your business plan

A short primer on the things to look out for when putting together your business plan

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Business plan Business plan Presentation Transcript

  • Business Plan Preparing a realistic Business Plan
  • “A Business Plan is Pure Fiction!” –Vinod Khosla
  • Why Make a Business Plan then? • It is an excellent window into the thought process of an entrepreneur • One understands their approach to problem solving and how aggressive or conservative they are • It is also an excellent personal exercise to understand your own business
  • “A printed and bound business plan is a useless document. Your business plan will constantly evolve. The business plan you prepare lets you and other know, how clear you are about your business” –Prajakt Raut Angel Investor, VP IAN speaking at Startups Club Demo Day 2013
  • Purpose • The contents of your business plan would vary depending on who you are going to be presenting the business plan to • Co-Founder • Investor • Advisor for the business • Business Partners
  • What should a Business Plan have? • There are certain things that are mandatory in a business plan • What is the problem and who faces it? • The team • Business Model • Revenue Model (?) • Current Situation of your startup • Industry vis-a-vis you
  • Business Model Canvas By Steve Blank Gives all of the key stakeholders
  • Revenue Model From where does the money come
  • Industry Analysis Your understanding of what you are heading into impresses the investors
  • Operations of the Business Again provides insight into your understanding of the business
  • What else? • In certain cases, it is helpful to use statistics pertaining to the industry • Financial/Revenue Growth projections depending on the state of the business • Any strategic steps or associations that have already been formed which have a considerable impact on the business