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The document discusses the key elements of developing a business plan, including: 1) A business plan outlines a company's overall strategy over the next 5 years and operational/budget details for the next 12 months. 2) Five elements are needed to develop a business: an idea, ability, goal, motivation, and resources. 3) A business plan is important to test ideas, agree on objectives/strategy, gain confidence, reveal cash needs, and obtain investment.
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Warsaw pe presentation
This document outlines plans for a public engagement exercise. Participants will explain their research to partners and present on their partner's research. They will then plan a public engagement campaign targeting specific audiences. Campaigns will be judged on effectiveness, originality and budget. The document also provides guidance on identifying target audiences, influencers, and roles for communications officers and liaison officers in coordinating public outreach activities.
Authentic and values based leadership -part 3
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Brain storming presentation
- 1. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 What is a plan? A business plan says what you want to do over a particular period……. e.g. Overall business strategy over next 5 years. Operational & budget detail over next 12 months. Source: Richard Stutely, The Definitive Business Plan
- 2. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 Five elements needed to develop a business • Idea • Ability • Goal • Motivation • Resources
- 3. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 Why do we need a business plan?? • Crystallise and test your ideas • Enable management team to agree objectives strategy and actions • Provide confidence • Reveal cash requirements • Obtain investment finance
- 4. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 What should it communicate? In essence your plan must provide compelling answers to 7 key questions: 1. Who you are? 2. What you are offering? 3. Why your product or service is worth backing? 4. Why your team is worth backing? 5. How you will get your product/service to market? 6. What do you want from the reader? 7. What is in it for the reader?
- 5. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 Business Plan What is you product or service? What makes it unique? What are the benefits?Who will buy this? For how much? How much will you make? How long will it take to develop your idea? Where and how will your product be made? Who is involved? How is the team made up? How much money do you need? What are the risks? What can you do to manage the risks? What do you want to achieve? How long will your objectives take to achieve? What is your mission? How will this get to market? Who else is doing this?
- 6. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 What makes you different USP
- 7. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 The Business Plan • Teams work on creating a business plan based on your idea or given scenario • Work from an idea to a goal • Work out what and when strategic decisions should be made in order to achieve your goal.
- 8. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 IDEA GOAL Now Soon Later
- 9. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 Brainstorming
- 10. The Simulation
- 13. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 Branch Suggestions Finance Markets Human Resources Production Marketing R&D Business Strategy & Mission
- 15. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 Leaves!!! (Use PostIt notes) Existing assets Future Possibilities Goals Limiting factors & problems
- 17. This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement No 643330 Brainstorming • Working in groups, you now have until 14.30 to add leaves to the tree! • Don’t spend more than 5 minutes deciding on a scenario • Don’t be afraid to ask for help