Business challenger Bizcamp Galway Donncha Hughes

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'Ten challenges to help your Business Plan Succeed' as presented by Donncha Hughes, Bridgewater Management at Bizcamp Galway in early September 2011.

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Business challenger Bizcamp Galway Donncha Hughes

  1. 1. Bizcamp Galway 2011 Donncha Hughes
  2. 2. ‘Ten challenges to help your business plan succeed’
  3. 3. Books to help you plan your businessand write your business plan
  4. 4. 1. Have you presented and structured yourdocument correctly? Image 11455354
  5. 5. 2. Does the business plan briefly outline theorigins and progress to date of the business?5
  6. 6. 3. Does the BP outline the ‘burning problem’experienced by your target customer? Image 13596346
  7. 7. 4. Is your solution clearly detailed –encapsulating the UVP for the customer?7
  8. 8. 5. Does the plan encapsulate your keysustainable competitive advantage? Image 13191058
  9. 9. 6. Does your plan articulate and support yourvision and growth plans?9
  10. 10. 7. Has a credible and proven ‘Business Model’been presented?10
  11. 11. 8. Does the ‘Management Team’ inspireconfidence? Image 89544011
  12. 12. 9. Do your assumptions and detailed financialprojections stand up to serious scrutiny?12
  13. 13. 10. Have you written a compelling ExecutiveSummary?13
  14. 14. Review of your business plan by Independent mentors is invaluable before circulation Image 86652914
  15. 15. 15
  16. 16. Structured challenges for your Business Plan16
  17. 17. Output of Business ChallengerBusiness Challenger distils feedback from business experts on business plans into:• A 3D Score• Detailed Section by Section feedback for business promoters.17
  18. 18. To finish5 QUIZ QUESTIONS
  19. 19. 1. The most common and biggest mistake made by entrepreneurs is not having sufficient money?  True  False20
  20. 20. 2. The primary reason to prepare a business plan is to create a tool to deal with investors and financing sources?  True  False21
  21. 21. 3. You should write your Executive Summary before you write the rest of your business plan?  True  False22
  22. 22. 4. If you are planning to open a doughnut shop, it would be a good marketing strategy to sell ice cream during the summer when the doughnut business slows down?  True  False23
  23. 23. 5. You can see the Great Wall of China from Space?  True  False24
  24. 24. @Donnchadhh #BusinessChallenger #Bizcamp 1. False 2.False 3.True 4.False 5. True TO SUBMIT25
  25. 25. Images used in this presentation are available free of charge from http://www.sxc.hu if image number is provided. Others have been purchased from various sources.DUBLINALEXANDRA HOUSE, THE SWEEPSTAKESBALLSBRIDGE, DUBLIN 4, IRELANDT + 353 1 660 4300LIMERICKENTERPRISE CENTRE, MOYLISH PARKLIMERICK, IRELANDT +353 61 325 600www.bridgewatermcg.cominfo@bridgewatermcg.com

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