The document provides guidance on writing an effective business plan. It emphasizes that a business plan forces disciplined thinking about an idea or business concept. Key sections that should be included in a business plan are outlined, such as the executive summary, mission statement, market analysis, competition, operations, team, and financial plan. The document stresses that a business plan should clearly convey the problem being solved, the proposed solution, how the business will make money, and what resources and funding are required.
How to write a business plan step by stepeHopperPOS
Writing a business plan is careful consider every step of starting your company. You need to be in a place to prepare for success. Check out this step by step guide to writing a business plan.
This presentation accompanied the "Crafting Business Plans for Social Good Startups" class with instructor Sang Lee, where attendees were able to learn how to transform their ideas into working business plans.
A business plan helps to define concepts, evaluate the competition, analyze markets, determine risks and estimate financial potential. Business plans are required to obtain a small business loan.
We present this seminar regularly throughout the Hot Springs, Arkadelphia, and Nashville, AR areas. Visit asbtdc.ualr.edu/training/arkadelphia.asp for a list of our upcoming seminars near you.
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.
INTRODUCTION
A business plan is an important document for any business and it can be written for a variety of reasons.
Internally, it can help owners and managers crystallise their ideas, focus their efforts and monitor performance against established objectives.
Externally, the business plan can act as a medium for attracting finance for start-ups or expansion.
INTRODUCTION
For many people, the experience of raising finance is a new one.
Many opportunities presented to financiers are subsequently rejected.
It is essential, therefore, that the entrepreneur prepares a quality document.
The objective of this work-pack is to help you prepare just such a document by providing you with the headings which need to be covered.
CONTENTS
The business plan should summarise the proposed activity and the prospects for success for the venture, paying particular attention to factors that are critical to success or failure.
The contents should be tailored to the particular individual requirements, circumstances or characteristics of the proposal.
In general, they have the following categories:
CONTENTS
Executive Summary
Current position
Objectives
Product/Service and Operations
Marketing and Sales Plan
Competition
Management and Staff
Financial plan
Information and control
Risk factors and mitigation
BUSINESS PLANNING 101: ENTREPRENEURIAL MASTERCLASSTaiwo Adepoju
BUSINESS CONCEPT, BUSINESS IDEA, BUSINESS PLAN, WHY AND HOW OF BUSINESS PLAN, STRATEGIES FOR EFFECTIVELY WRITING A SUCCESSFUL BUSINESS PLAN, BUSINESS DEVELOPMENT PROCESS, BUSINESS PLAN FORMAT
Your company's identity (what you do) and implementation (how you do it) should be closely linked. Here are the precepts to keep in mind as you bring them together: Aim high. Build on your strengths. Be ambidextrous (sophisticated at both strategy and execution). Clarify everyone's strategic role. Align structures to strategy. Transcend functional barriers. Become a fully digital enterprise. Keep it simple, sometimes. Shape your value chain. And cultivate collective mastery. Do all those things, and your company will be on its way to effectively executing its strategy.
RGD Ontario Webinar: Strategy In Design: How To Create Meaningful & Successfu...MLD/Mel Lim Design
In this webinar, Mel Lim, founder of Mel Lim Design, will reveal how her studio and team create designs through strategies and methodologies that are unique to each of the brands and businesses they serve.
Mel will discuss these top 5 questions:
// How to set a holistic framework
// How to keep your design relevant to your client's business goals/objectives
// How to integrate outside resources and technologies and keep them aligned to your project goals
How to define these terms: "meaningful and successful" versus "beautiful and cool"
// How to setup a metric to measure design "success"
How to write a business plan step by stepeHopperPOS
Writing a business plan is careful consider every step of starting your company. You need to be in a place to prepare for success. Check out this step by step guide to writing a business plan.
This presentation accompanied the "Crafting Business Plans for Social Good Startups" class with instructor Sang Lee, where attendees were able to learn how to transform their ideas into working business plans.
A business plan helps to define concepts, evaluate the competition, analyze markets, determine risks and estimate financial potential. Business plans are required to obtain a small business loan.
We present this seminar regularly throughout the Hot Springs, Arkadelphia, and Nashville, AR areas. Visit asbtdc.ualr.edu/training/arkadelphia.asp for a list of our upcoming seminars near you.
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.
INTRODUCTION
A business plan is an important document for any business and it can be written for a variety of reasons.
Internally, it can help owners and managers crystallise their ideas, focus their efforts and monitor performance against established objectives.
Externally, the business plan can act as a medium for attracting finance for start-ups or expansion.
INTRODUCTION
For many people, the experience of raising finance is a new one.
Many opportunities presented to financiers are subsequently rejected.
It is essential, therefore, that the entrepreneur prepares a quality document.
The objective of this work-pack is to help you prepare just such a document by providing you with the headings which need to be covered.
CONTENTS
The business plan should summarise the proposed activity and the prospects for success for the venture, paying particular attention to factors that are critical to success or failure.
The contents should be tailored to the particular individual requirements, circumstances or characteristics of the proposal.
In general, they have the following categories:
CONTENTS
Executive Summary
Current position
Objectives
Product/Service and Operations
Marketing and Sales Plan
Competition
Management and Staff
Financial plan
Information and control
Risk factors and mitigation
BUSINESS PLANNING 101: ENTREPRENEURIAL MASTERCLASSTaiwo Adepoju
BUSINESS CONCEPT, BUSINESS IDEA, BUSINESS PLAN, WHY AND HOW OF BUSINESS PLAN, STRATEGIES FOR EFFECTIVELY WRITING A SUCCESSFUL BUSINESS PLAN, BUSINESS DEVELOPMENT PROCESS, BUSINESS PLAN FORMAT
Your company's identity (what you do) and implementation (how you do it) should be closely linked. Here are the precepts to keep in mind as you bring them together: Aim high. Build on your strengths. Be ambidextrous (sophisticated at both strategy and execution). Clarify everyone's strategic role. Align structures to strategy. Transcend functional barriers. Become a fully digital enterprise. Keep it simple, sometimes. Shape your value chain. And cultivate collective mastery. Do all those things, and your company will be on its way to effectively executing its strategy.
RGD Ontario Webinar: Strategy In Design: How To Create Meaningful & Successfu...MLD/Mel Lim Design
In this webinar, Mel Lim, founder of Mel Lim Design, will reveal how her studio and team create designs through strategies and methodologies that are unique to each of the brands and businesses they serve.
Mel will discuss these top 5 questions:
// How to set a holistic framework
// How to keep your design relevant to your client's business goals/objectives
// How to integrate outside resources and technologies and keep them aligned to your project goals
How to define these terms: "meaningful and successful" versus "beautiful and cool"
// How to setup a metric to measure design "success"
CIO Leadership: What We Can Learn from History to Drive Success in Today's Cl...Jim Vaselopulos
Each year magazines and pundits suggest that the role of the CIO is changing. In a time where we have seen vendor consolidation, the pace of new technologies slow and business growth stagnate - does the CIO role really need to change again? Why does it feel as though IT still has trouble keeping up with demand? What can we learn from history to help us cope with the increasingly technical demands of our employees, customers and marketplaces?
Objectives of this presentation:
* How to stay ahead of your customer
* How to stay relevant to your business
* How to build a forward-thinking, solution-oriented culture in IT
* How to manage costs and still be innovative
* How to mitigate risk and make safe technology bets
* How to be the victor and not the victim
"Global-Arena.com FDI online marketing" highlights the challenges facing economic development agencies in the online promotion of their business locations for FDI attraction.
The presentation suggests a set of possible solutions.
RiseUp redefines the way parents & coaches interact and prepare, develop and promote our youth for tomorrow's challenges. With our innovative use of cognitive, semantic and web technologies we provide the best available tools for personal development, coaching and recruiting anywhere.
RiseUp is currently in the process of raising it's seed round to complete its product development, launch program and a series of field marketing events.
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
Business plan - best practices
1. Business Plan
Best Practices
12/22/2010 Xavier CORMAN 1
2. What is the purpose of a business plan ?
12/22/2010 Xavier CORMAN 2
3. "Writing a business plan forces you into
disciplined thinking, if you do an intellectually
honest job. An idea may sound great, but when
you put down all the details and numbers, it
may fall apart.“
Eugene Kleiner, Venture Capitalist
12/22/2010 Xavier CORMAN 3
4. Why to write a business plan ?
1. To look at the idea in an objective way.
2. To study the feasibility of the idea
3. To check the business model
4. To understand the financial needs
5. To have an operational tool to start the business
6. To help the management
A business plan is
much more
than a financial plan !
12/22/2010 Xavier CORMAN 4
5. The business plan – content
There is no prescribed format, the following sections are usually included.
1. Executive summary
2. Mission
3. Problem
4. Solution
5. Technology
6. Market and industry analysis
7. Marketing and sales
8. Manufacturing and operations plan
9. Team: why you?
10. Financial plan
11. Sensitivity analysis
12. Status and timeline
13. Proposed investment
12/22/2010 Xavier CORMAN 5
6. Presenting to investors
Investors are not familiar with the technology of your
product or the industry jargon.
Describing your concept clearly and incisively is your goal.
You must be able to convey the basic mechanics of your
business idea to an investor with credibility.
There will be plenty of time at a later point for detailed
descriptions and exhaustive financial calculations.
12/22/2010 Xavier CORMAN 6
7. 1. Executive summary
Mimics your pitch
Should be very compelling and inviting to read the rest
“Summary” -> try one page
12/22/2010 Xavier CORMAN 7
8. 2. Mission statement
Define your business at the most basic level
In less than 30 seconds, explain:
Who your company is ?
What you do ?
What you stand for ?
Why you do it ?
Explain what business you are in, purpose, strategic goals and
business values.
SHORT !
3-4 sentences
12/22/2010 Xavier CORMAN 8
9. 3&4. From problem to solution
SOLVE A PROBLEM!
Show the problem and for whom this is a problem
Why are incumbents (if they exist) not able to address this
problem?
SOLUTION?
What is it?
Show it (sample, picture, demo, …)
Why is it attractive?
Is it durable?
Is it timely ?
Does it do something better? Does it create VALUE?
12/22/2010 Xavier CORMAN 9
10. 5. Technology
How does it work?
Does it work? Has it been successful elsewhere?
Why has nobody else come up with it?
Is it patented / licensed? Who owns the rights?
Full detailed description in appendix
12/22/2010 Xavier CORMAN 10
11. 6a. Market and industry analysis
This section of the plan should include:
A general description of your market
The niche you plan on capitalizing on and why
The size of the niche market. Include supporting documentation
A statement and supporting documentation as to why you believe
there is a need for your product or offering by this market
What percentage of the market do you project you can capture?
What is the growth potential of the market? Include supporting
documentation
Will your share of the market increase or decrease as the market
grows?
How will you satisfy the growth of the market?
How will you price your goods or services in the growing
competitive market?
12/22/2010 Xavier CORMAN 11
12. 6b. Competition
Identify your closest competitors. Where are they located? What
are their revenues? How long have they been in business?
Define their target market.
What percentage of the market do they currently have?
How do your operations differ from your competition? What do
they do well? Where is there room for improvement?
In what ways is your business superior to the competition?
How is their business doing? Is it growing? Is it scaling back?
How are their operations similar to yours and how do they differ?
Are there certain areas of the business where the competition
surpasses you? If so, what are those areas and how do you plan
on compensating?
12/22/2010 Xavier CORMAN 12
13. 7. Marketing and sales
How will you make money?
Who is your target customer?
Mix (4 Ps):
Product and production - can you provide what the
customer wants.
Pricing policy - right price and quality (do you have
prove of willingness to pay?!!!!)
Promotion - how do you communicate to your
potential customers.
Place – where will you be selling.
12/22/2010 Xavier CORMAN 13
14. 8. Operations and production
How are you going to produce the product or provide the
service at a profit?
Manufacture or sub contract out.
What resources are required?
Infrastructure, staff, equipment
Now/future?
How do you ensure the right quality?
12/22/2010 Xavier CORMAN 14
15. 9. Team
Often read the first!
Why you?
What is your history?
What do you know?
What are your skills?
Whom do you know and who knows you?
What is your reputation?
How does the team profile fit with the opportunity, the context
and the deal struck?
How committed are the people to the venture?
Lacking or critical team members?
12/22/2010 Xavier CORMAN 15
16. 10. Financial plan
Gross margins and operating margins
Projection of the cash inflows and outflows of the business.
Actual and expected revenues
Actual variable and fixed costs
Use benchmarks if possible
Prepared monthly in year one (could be quarterly in years 2 to 5).
Takes into account the timing of receipts and payments.
Includes both capital and revenue income and expenditure.
Shows the cash requirements of the business.
Pro-forma P&L and balance sheets
Pro-forma break-even chart
12/22/2010 Xavier CORMAN 16
17. 11. Sensitivity analysis
Know your critical assumptions
“Delhaize will love our green product because they focus a lot on
their environmentally friendly image”
“Consumers will love our this new IT platform, because it is
cheaper”
…
Best case / worst case scenarios
Identify risks in your business model
What happens if the market changes, you run out of cash before
your first order, you don’t reach your targets…
What will you do when that happens?
12/22/2010 Xavier CORMAN 17
18. 12. Status and timeline
Step #1 - Set Up the Outline for Your Timeline
Highlights of your business' projected growth and development
Step #2 - Research Your Points
Back up your predictions with viable research
Step #3 - Use Your Data to Refine Your Timeline
Step #4 - Add References to Your Business Timeline
How did you generated your data and predictions ?
Step #5 - Clean Up Your Business Timeline
Formatting the graphic so that it looks professional and easy to read
12/22/2010 Xavier CORMAN 18
19. 13. Proposed investment
Nature of the deal
What are you asking and offering?
12/22/2010 Xavier CORMAN 19
20. The 12 deadly sins in business plans
(Gordon Baty / Zero stage capital)
1. Too Long
2. Poor Writing: grammar, redundant, unpersuasive
3. Poor Layout: illogical, illegible, poor illustration
4. No Executive Summary
5. Unclear Product Features: jargon, proprietary features, current
development status
6. No Backup on Team
7. Unsupported Market Estimates / No Primary Research
8. Superficial Competitive Analysis
9. Creative Accounting Formats
10. Unfocused User Benefits: no Unique Selling Proposition
11. No Demonstrated Customer Knowledge
12. Lack of Compelling Reason to Invest Now
12/22/2010 Xavier CORMAN 20
21. Conclusion
A business plan is a living story that demonstrates how an
opportunity can become a new venture, not just the writer’s
dreams and wishes
Always use a pitch / business plan presentation as an
opportunity to learn. There is no better critic than an investor.
12/22/2010 Xavier CORMAN 21
22. Questions & Answers
Download this presentation and an example of Business Plan from Mc Kinsey:
http://www.slideshare.net/xaviercorman
12/22/2010 Xavier CORMAN 22