The document provides an overview of strategic planning principles, business planning, and how financial planning and software can assist business innovation centers (BICs). It discusses the importance of strategic planning for BIC clients and outlines key elements that should be included in strategic business plans, such as taking a medium-term view, focusing on strategic matters, and being written down and reviewed periodically. The document also summarizes various aspects that should be considered when preparing a business plan, such as the structure, operations plan, financial plan, and projections.

1. First EBN Spring University April 1999 Business and Financial Planning Principles-Methods-Software DESMOND RYAN Dublin Business Innovation Centre IDA Enterprise Centre, The Tower, Pearse Street, Dublin 2, Ireland. Tel No: +353-1-671 3111 Fax No: +353-1-671 3330 E-Mail: desryan@dbic.ie WWW: www.dbic.ie

3. The essence of a BIC Business Planning Access to Funds Incubation Space BIC Deliverables

24. Check List Management: Have you clearly stated how the Business will be Managed? Market: Have you clearly shown that there is a market for your Product or Service? Operations: Have you thought through the day to day Operational Issues to make your Business a Success? Finance: Have you clearly demonstrated the Financial viability of the Business?

36. Effective Business and Financial Planning are critical functions for BICs This presentation and other relevant information can be downloaded at www.dbic.ie Conclusion