Important Dates Consultation Week before presentation 29/3/10 to 1/4/10 sign up sheet @ 5th floor my office. Presentation week – submit your b-plan during presentation! 7/4/10 – 9/4/10 SSIL meeting room.
Presentation format 7-9/4/10 Each team will be given 20 minutes to present its Business Plan. This will be followed by a 10-minute Q&A session between the team and the panel of judges. Time limits will be strictly enforced. During the team presentation, the presenting team will be alerted five (5) minutes and one (1) minute before the end of the allocated time of twenty (20) minutes.
3. All members of the team are encouraged to participate in the formal presentation of the Business Idea or Business Plan and the Q&A session that follows. This demonstrates teamwork and appropriate allocation of focus areas of expertise within the team. 4. All Business Presentations are required to be in Microsoft PowerPoint format. The presentation template can be downloadable from www.technopreneurdevelopment.net.my
What is a Business Model? “The first determinant of a firm’s performance. A method which a firm builds & uses its resources to offer its customers better value than its competitors and to make money doing so.”
Simple words ..its how a firm (a company) uses whatever they have inside the company..and be able to make profit from that activity... that is a business model... “how you the company make money long term..”
B-Model Concepts. Value propositions- Bundle product & services into value for customer distribution channel revenue model
FORMAT There are 4 main questions that you need to address in this assignment. Think creatively....please!!!!
FORMAT What? Brief introduction to the idea/venture, the industry and the market you will be operating in.
Why? Opportunity present in the current market. What is the market need or problem you will attempt to solve with your idea/venture?
How? What is your value proposition to the customer? Is the product a completely new invention or an innovation to an existing product? What technology or solution do you propose? How will you make money from the venture?
Key Business Objectives which include your targets for revenue, product roll out, and future initiatives.
How to start a company? 3 ways to start a company in Malaysia 1. Enterprise -local authority -cheap-risky 2. SdnBhd- bit expensive RM2500-secured-profesional 3. BHD-big huge company-big boys.
Types of Funding Venture Capital-VC/Venture Capital comes in & finance firm in early stage of company formation by asking for share in the company & sits on its board & gives management advice-seek cash after company becomes IPO, e.g. NETSCAPE,AMAZON.COM e.c.t. Drawbacks of this method- the VC had control over you- usually 51% of the company
Banks MARA BANK PEMBANGUNAN SME-BANK BANK RAKYAT ect.family, friends & fools (FFF)