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Entrepreneurship business plan

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Business Plan Overview

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Entrepreneurship business plan

  1. 1. Business Plan Swapnil B John
  2. 2. Mind map of Business Plan
  3. 3. Business Plan is about… What to do? Who is to do? How to do?
  4. 4. Business Plan A written document that details the proposed venture: – Describes the current status, expected needs, and projected results of the new business. – Covers the project, marketing, research and development, manufacturing, management, critical risks, financing, and milestones or a timetable. – Demonstrates a clear picture of what that venture is, where it is projected to go, and how the entrepreneur proposes it will get there—a roadmap for a successful enterprise.
  5. 5. Task : Prepare a plan • Group 1: Prepare a plan for an educational tour to New Delhi • Group 2: Prepare a plan to establish a coffee shop • Group 3: Prepare a plan to conduct a debate for grade 11 and 12 students
  6. 6. Who Should Write the Plan? • The plan should be prepared by the entrepreneur in consultation with other sources. • The entrepreneur should make an objective assessment of his or her own skills before deciding to hire a consultant.
  7. 7. Why Develop a Business Plan? • A business plan is a very important tool if you are starting a new business or expanding an existing one. • Lending institutions require them to support loan applications. • Experience shows that successful businesses have a plan; the majority that fail do not. A good business plan is your road map to success! • Evaluates the prospects of the business.
  8. 8. Business Planning Process Idea Generation Environmental Scanning Feasibility Analysis Project Report Preparation Evaluation Control and Review
  9. 9. Writing the Business Plan • A business plan should be comprehensive enough to give any potential investor a complete picture and understanding of the new venture. It should help the entrepreneur clarify his or her thinking about the business. It consists of : 1. Introductory page 2. Executive summary 3. Environmental and Industry analysis 4. Description of venture 5. Production plan or operational plan 6. Marketing plan 7. Organizational plan 8. Assessment of risk 9. Financial plan 10. Appendix

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