Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Business plan - Entrepreneurship

136,527 views

Published on

A business plan is a document that brings together the key elements of a business that include details about the products and services, the cost, sales and expected profits.

Published in: Education
  • See how I make over $7,293 a month from home doing REAL online jobs!  http://t.cn/AisJWzdm
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • As a single mother every little bit counts! This has been such a great way for me to earn extra money. As a single mother every little bit counts! Finally, a vehicle for making some honest to goodness real money to make life easier and happier now that I don't have to pull my hair out budgeting every penny every day.Thanks for the rainbow in my sky. ➤➤ http://t.cn/AieX2Loq
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Follow the link, new dating source: ❶❶❶ http://bit.ly/39mQKz3 ❶❶❶
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Dating direct: ❶❶❶ http://bit.ly/39mQKz3 ❶❶❶
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Earn Up To $316/day! Social Media Jobs from the comfort of home! ★★★ http://t.cn/AieXiXbg
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

Business plan - Entrepreneurship

  1. 1. BUSINESS PLAN Prepared By: Nijaz N
  2. 2. BUSINESS PLAN • A written document that outlines the future activity for an existing or proposed business venture. • Is the formal written expression of the entrepreneurial vision, describing the strategy and operations of the proposed venture. • A business plan is a document that brings together the key elements of a business that include details about the products and services, the cost, sales and expected profits. • Blue Print
  3. 3. Purpose of a Business Plan • Alignment of team(s) • Operating plan • Communication across company, division, department, business partners • Investment capital • Expansion capital (banks, leases) • Merger/acquisition process
  4. 4. BUSINESS PLAN Drivers Clear Vision of Purpose  The direction the business venture wants to achieve. A long term view Satisfy Real Customers Needs & Serve Real Customers  Exceptional customer service that results in the loyalty of customers, repeat purchases by them and greater customer retention. Differentiate from Competitors  Positioning unique differentiating factors. Continuously making improvements to sustain a leadership position. Resource Focus, Organization & Commitment to satisfy Customer needs  Resources should be optimally utilized to ensure that maximum possible value gets added to satisfy customer needs.
  5. 5. What Investors Look For • How does the team think? • How detail oriented is the team? • How big is this market? • Is there sustainable competitive advantage? • What’s the growth plan? • What does the technology roadmap look like, short term or long term play
  6. 6. Financial Projections • Build 5 years • Detail near years, extrapolate out years • Build from single unit economics • Document assumptions • Compare against top down • Validate with market comparables
  7. 7. 10 Must Answer Questions • How large is your addressable market? • How fast is the market growing? • Who’s make up your management team? • What’s your “secret sauce?” • What are the barriers to entry/competitive advantage? • What do your 5 year financials look like? • What’s your path to profitability? • Why is this a company versus a product/service? • Who’s your competition and how do you beat them? • Why can’t Microsoft or Google do this? (or name any big, established company…)
  8. 8. Creating Your Company’s Strategy • Building a strategy is harder work than building your product • Think about – What do you want your business to be when it grows up – Looking back from 5 years in future – Perspectives of all stakeholders – Anything that could go wrong • Hope is not a strategy
  9. 9. Competitive Analysis • You always have competitors • Dig deep, be detailed, be honest • Compare features and benefits • Technology comparison • Whole product offering (pricing, support, etc.) • Channels, funding, customers…
  10. 10. Sustainable Competitive Advantage • Create barriers to entry • Continually add value for your customers (and your investors) • Anticipate competition and make plans for dealing with it – Better widget, price erosion, market share, different business model….. • Avoid the trap of believing that your main competitor is your exit strategy
  11. 11. Format of Business Plan • TITLE PAGE  Name of the business  Owner /Owners  Contact Details (Addresses, Phone & email etc)  EXECUTIVE SUMARY  Business ideas & Goals : Over view of business  Marketing : Products & services being sold?  Operations : Business Location & staff  Finances : Breakeven period, finance required.
  12. 12. Format of Business Plan • BACKGROUND  Mission Statement  Company history ( existing business)  Business Goals (Short term/Long term)  MARKETING  Market Research  Market Analysis (Industry / Seasonality /Competitors /SWOT )  Marketing Plan (Target market/ distribution channel /pricing)  Evaluation of Marketing
  13. 13. Format of Business Plan • OPERATIONS & PRODUCTION  Legal & Licensing requirements  Management details  Organization structure & staffing  Insurance & Security needs  FINANCIAL PROJECTIONS  Income & Expenses  Financial forecasts  IMPLEMENTATION TIME TABLE  Time needed to set up & run the business

×