This document discusses planning for new ventures. It defines a venture as a risky startup business. Key factors in venture planning include sales, margins, profits, investment needs, equity requirements and returns. The venture planning process involves developing the idea, feasibility analysis, initiating changes, creating a business plan and monitoring progress. Keys to good venture planning include focusing on one business at a time, developing scenarios, and identifying the venture type. The proposal checklist ensures all necessary items are included to avoid future problems. Risks of new ventures include market, operational and financial risks.

1. Planning for a New Venture
Bivin Jose
Department of Psychiatric Nursing
MB CN, Kothamangalam

2. Introduction
• Venture: Risky start-up or enterprise
company.
• Venture Planning is a personal
assessment of feelings & the
feasibility of a venture.
• The Venture Feasibility process
examines the key factors in any
venture.

3. Meaning
• Venture refers to a risky start-up or enterprise
company
• New ventures are business plans that gives an
opportunity or chance to set up a company/
business on the basis of innovative ideas
• It is build upon customer driven ideas or
technology

4. Key factors in venture concept planning
1. Which venture concept produces the most sales,
the best margins, the highest net profit and the
lowest breakeven?
2. Which model requires the least investment by
entrepreneurs and others?
3. Which concept requires equity as opposed to
debt financing?
4. Which produces the highest "Return on
Investment" and the best liquidity?
5. Which model requires the entrepreneur to give
up the least equity?

5. Factors in Venture Planning
o Entrepreneurial mindset & skills
o Possible risks & dangers
o Speculations on investment yields
o Reputation status of the firm
o Possible refutation

6. Process of VP
Idea
Concept
Development
Venture Feasibility
Analysis
Initiating New
Changes
Business or
Operational Plan
Budget vs.
Actual/New Plans.
Venture
Development
Monitoring
Progress

7. Process of VP
Define the
project
Identifying
the venture
impasses
Develop simple
budget & business
plan
Do feasibility
study
Plan for
physical
facilities
Consider fiscal
sponsorships
Legal aids when
necessary

8. High growth business development
Rapid
growth
Initial
growth
Start up
Continues
growth

9. Keys to good venture planning
• Focus on one venture at a time in one business
area at a time.
– Discover the opportunity first, and then evaluate how to
exploit it.
– Develop three cases good, bad & likely for each
scenario of a venture concept.
– Identify what type of venture you want. Each type has
an entirely different model, implementation and end
result. Each demands a different entrepreneurial
approach and each requires different management
and style.

10. Keys to a Good First Venture
Founder's
alignment with
the mission
Available
product
Guaranteed
or qualified
customers
Advantageou
s Cash Flow
Equity
Control
Lifestyle of
High Profit
smaller
business
Supportive
local
environment
Relevant
Experience
Routine
concept
Neutral State
and Federal
Environment
Low
Overhead

11. Venture proposal checklist
• Proposals functions as an important tool in
avoiding any future problems in any ventures
• They help to prevent
–
–
–
–
Acting on impulses
Proceeding with half-baked idea
Disastrous outcomes
Exposing the fear that certain facts could spoil what
may seem to be great idea
• There are 2 versions
– Short version
– Long version

12. Items in the Venture proposal checklist
•
•
•
•
•
•
•
•
Framework of the plan
Appendices, attachment etc
Main issues under the key section
Work program assignments based on the
framework & lists
Key sections in a logical order
Critiques from the advisor
Summary & conclusion
Evaluation strategies

13. Areas for VP in Nursing service
Institution based care
Process oriented
Procedure driven
Based on mechanical & manual intervention
Provider driven
Treatment based
Reflective of late stage intervention
Based on vertical clinical relationships

14. Areas for VP in Nursing service
o Mobility based on multiple settings
o Outcome driven
o Best- practice oriented
o Emphasized by technology and minimally
invasive intervention
o User driven
o Health based
o Geared for early intervention
o Based on horizontal clinical relationships
-Porter-O‘ Grady (2003)

15. Risks in new ventures
• Market risks
– Market strength to support the venture
– Trends in the market
– Structure and distribution of the market competition
• Operational risk
– Problems related to delivering the quality products
on customer-satisfaction
• Financial risk
– Changes in the financial projections/predictions

16. Resolution of risk
Market
Analysis
&
Revise
Financial
model
Operation
model

17. References
1. Jogindra Vati (2013). Principles & practice of
nursing management and administration, I ed.,
New Delhi, Jaypee Brothers Medical publishes (P)
Ltd.
2. Deepak K, Chandran S & Kumar M (2013), A
comprehensive textbook on nursing management,
I ed., Bangalore, Emmess Medical Publishers. 75112
3. Booyens WS(2007), Dimensions of nursing
management, II ed., Cape Town, Zebra Publishers.
137-139