Business Plan Buliding Course: Business Staregy Lecturer: Dr. Roosta Shahid Beheshti University By: S.M.H.Hosseini.

Slides:



Advertisements
Similar presentations
THE BUSINESS PLAN The Business Plan Chp. 5 ITB.
Advertisements

Creating a Winning E-Business Second Edition
DOCUMENTATION COMMITTEE I.INTRODUCTORY PAGE A. NAME AND ADDRESS OF BUSINESS (include LOGO and Tagline) B. NAME(S) AND ADDRESS(ES) OF PRINCIPALS webpage.
The Business Plan.
Developing Your Business Plan
SMALL BUSINESS PLAN GUIDE
Business Plan Preparation Outline. Business Plan Preparation Guide  This summary was prepared to help its users put together a business plan (B.P.).
Conducting a Feasibility Study and Crafting a Business Plan
Preparing Your Business Plan
8 - 1 Copyright © 2009 The McGraw-Hill Companies, Inc., All Rights Reserved. McGraw-Hill/Irwin.
Entrepreneurship I Class #8 VOSG I Business Plan and Finances.
6 - 1 Chapter 6 The Business Plan McGraw-Hill/Irwin New Venture Creation, 7/e © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved.
Writing a Winning Business Plan. A business plan is a strategy for creating, launching and managing a new venture. It answers the questions of A business.
Virtual Business: Retailing Chapter 17 Business Plan Analysis.
Business Plans For The Real World Barry Williams Delaware SBDC.
Writing a Winning Business Plan
So you want to be a farmers’ market vendor?. Benefits of Farmers’ Markets Incubator and testing ground: “test the waters” to see how popular products.
Developing a Dynamic Business Plan. David Renz, Director Midwest Center for Nonprofit Leadership Henry W. Bloch School of Management University of Missouri.
BUSINESS PLAN How do you make a business Plan?
The Business Plan : Creating and Starting The Venture.
Entrepreneurs discover an entrepreneurial opportunity when they find a compelling solution to an unsolved problem or unsatisfied need.
ENTR 452 (Business Plan Slides, Chapter 7)
Developing a Business Plan Presented by: Alan Barefield Associate Director, Southern Rural Development Center Jim McConnon Business & Economics Specialist.
The Business Plan: Creating & Starting the Venture
NextEnd. Preparation of Business Plan for Setting up Enterprise Business Plan.. The business plan is a written document prepared by the entrepreneur that.
EP2150 – Entrepreneurship Unit 2 - Business Planning 2.1 List and discuss the components of a business plan 2.2 Discuss the importance of a business plan.
The Business Plan : Creating and Starting The Venture
Business Plan Guidelines. Purpose of Business Plan  Set Goals and Objectives for the Business  Resource Planning  Secure Funding.
Creating a Winning E-Business Second Edition
Structure of a Business Plan
Purdue University is an Equal Opportunity/Equal Access institution. Business Plan Basics Stephen J. Swain, ATP National AgrAbility Project/Indiana AgrAbility.
Business Plans For The Real World. Why a Business Plan? Strategic Guide Lenders Investors.
A Typical Business Plan
Chapter 5 Writing the Winning Business Plan. Objectives Value of writing a business plan Business plan serves as a blueprint for building a company Steps.
Week One Chapter five “Develop a Business Plan”
ABOUT SCORE SCORE - Service Corps of Retired Executives SCORE - Service Corps of Retired Executives Volunteer group works with SBA as counselors to America’s.
Lesson 17: Business Plan Analysis
Major Parts in a Business Plan
Business Plan.
How to write a business plan?
How to Write a Business Plan Peace Corps WID/GAD Committee.
BZUPAGES.COM. Presentation Chapter#7 The Business plan: Creating & Starting the Venture Presented to: Sir Ghulam Abbas.
ENTREPRENEURSHIP Chapter # 07 The Business Plan: Creating and Starting the Venture.
What A written document that describes all the steps necessary for opening and operating a successful business. You plan should provide the following:
Chapter 3 Business Plan Miss Dinnella.
BUSINESS PLANNING AHMED JAMAL IDDRISU MDPI ACCRA TEL:
The Main Idea Once an entrepreneur discovers a good business opportunity, the next step is to do market research. Market research helps to determine.
Center for cei Entrepreneurship & Innovation Technology Venture Sequence 9/6/05.
Preparing A Business Plan. Objectives By the end of this topic, you should able to understand: 1) Definition a business plan 2) the important of BP 3)Major.
Man-Li Lin Business Development Specialist U.S. Small Business Administration
The Business Plan. What is it? It is a study which identifies the business, the product, the market, the business feasibility and it financial requirements.
The Main Idea Once an entrepreneur discovers a good business opportunity, the next step is to do market research. Market research helps to determine whether.
ADVANCE AGRIBUSINESS FARM RANCH BUSINESS MANAGEMENT.
Assoc. Prof. Dr. Nik Maheran Nik Muhammad, (CFP, CITM, IBBM)
The Business Plan: Creating and Starting the Venture
Chapter 5. Why is Planning Important Need to plan because: Investors, guide for owners and managers, direction and motivation for employees, provide an.
A business plan outlines the objectives of the business and summarizes the strategies and resources needed to achieve these objectives. A well-prepared.
Constructing the ‘Elementary’ Business Plan *Based on inputs from venture capitalists and from commercial banks.
Business Plans Ross. What is a Business Plan? A business plan is a series of documents that serves as a blueprint for building a business. A business.
Chapter 5: Develop a Business Plan. Turning An Idea Into A Business page 105 Read the article on page 105 Answer questions under “What do You Know?” on.
DEVELOPING A BUSINESS PLAN. Now that you know the details of your business, you need to put everything on paper. Writing these details will help you visualize.
The Business Plan : Creating and Starting The Venture
The Business Plan : Creating and Starting The Venture
Chapter 5 :The Business Plan (Creating and Starting The) Venture
Chapter 5 :The Business Plan (Creating and Starting The) Venture
The Business Plan : Creating and Starting The Venture
BUSINESS PLAN AND SOURCES OF FINANCING
The Teen Entrepreneur Show Me The Money!.
Writing a Business Plan
Presentation transcript:

Business Plan Buliding Course: Business Staregy Lecturer: Dr. Roosta Shahid Beheshti University By: S.M.H.Hosseini

Agenda  Business Plan definition  Types of Business Plans  Elements of a Business Plan  Strategic plan vs. business plan  Strategic plan vs. Business Model

The Components of Successful Entrepreneurial Ventures Strategy Resources Opportunity Organization The Entrepreneur Business Plan

A “Business Plan” is a “Selling Document” that conveys the excitement and promise of your business to any potential backers and stakeholders.

Business Plan  Formal Process used by organizations to help plan, organize and allocate resources.  Typically an annual plan  Shows up in the mission statement, goals, objectives, intent, and functional policies.

Reasons for Writing a Business Plan u To sell yourself on the business u To obtain bank financing u To obtain investment funds u To establish strategic alliances u To obtain initial contracts u To attract key employees uTo motivate and focus your management team

Types of Business Plans uSummary uSpecial Project uFeasibility uMini uStart-up uPresentation uInternal uGrowth

Types of Business Plans 1. The Summary Business Plan: 10 pages Used for: Bank Loan Application Lifestyle business To gauge initial investor interest

Types of Business Plans 2. The Full Business Plan: pages Used for: Seeking a substantial amount of financing Looking for a Strategic Partner

Types of Business Plans 3. The Operational Plan: 40+ pages Used for: Complex, rapidly growing companies Part of an annual planning process

Key Elements of a Business Plan u An economically viable product or service with attractive markets. u An established attack plan that can be replicated. u A seasoned management team that has demonstrated it can carry out the attack plan.

What Should a Business Plan Contain?

Seven Common Parts of a Good Business Plan  Seven common parts of a good Business Plan are: 1. Executive Summary 2. Business Concept 3. Market Analysis 4. Management Team 5. Marketing Plan 6. Financial Plan 7. Operations and Management Plan

What Should a Business Plan Contain ?  1. Letter of Transmittal  2.Title Page  3.Table of Contents  4.Executive Summary and Fact Sheet  5.Body of the Plan The Company and Industry The Product/Service Offering Market Analysis The Marketing Plan The Development Plan The Production/Operations Plan The Management Team Implementation Schedule and Risks Associated with the Venture The Financial Plan  6.Appendices

A Typical Business Plan 1. Letter of Transmittal 2. Title Page 3. Table of Contents 4. Executive Summary and Fact Sheet 1.Introduce your business plan to the reader 2.Outline the major features that may be of interest 1.Provide identifying information about you and your proposed business. Name, address and contact numbers for the business as well as key company contacts 1.A list of the major headings and sub- headings contained in your plan. 1.A 1-2 page summary of the most important points in your plan 2.May be the most important part of your business plan 3.Your Fact Sheet summarizes the basic information that relates to the venture Business Plan Contents Continued

A Typical Business Plan 5. Body of the Plan 1.History and current situation of your company 2.Goals and objectives for the business 3.Principal characteristics and trends in the industry 1.Detailed description of your product or service 2.Outline stage of development and proprietary position 1.Describe the profile of your principal target customers 2.Indicate current market size, trends, and seasonal patterns 3.Assess the nature of your competition 4.Estimate your expected sales and market share Company and the Industry Product-Service Offering Market Analysis Continued

A Typical Business Plan 1.Detail the marketing strategy you plan to use 2.Describe your marketing plan insofar as your sales strategy, advertising and promotion plans, pricing policy, and channels of distribution Your Marketing Plan 1.Outline of the development status of your product and what is still required to get it to a market-ready state 2.Are there regulatory, testing or other requirements that still have to be met? Your Development Plan 1.Outline the operating side of your business 2.Describe your location, kind of facilities, space requirements, capital equipment needs, and labour requirements Your Production/Operations Plan Continued 5. Body of the Plan (Continued)

A Typical Business Plan Continued 1.Present an overall schedule indicating what needs to be done to launch your business and the timing required to bring it about. 2.Discuss the major problems and risks that you will have to deal with as well. Your Implementation Schedule 1.Identify your key management people, their responsibilities and their qualifications. 2.Indicate the principal shareholders of the business, your principal advisors and the members of your Board of Directors. Your Management Team 5. Body of the Plan (Continued)

A Typical Business Plan 1.Indicate the type and amount of financing you are looking for and how the funds will be used. 2.Outline your proposed terms of investment, the potential return to the investor, and what benefit is being provided. 3.Provide an overview of the current financial structure of your business. 4.Prepare realistic financial projections that reflect the effect of financing. Include: Cash flow forecasts Pro forma profit and loss statements Pro forma balance sheet Breakeven analysis Your Financial Plan Continued 5. Body of the Plan (Continued)

6. Appendices Supporting material for your plan including: Detailed resumes of the management team Product literature and photographs Names of possible customers and suppliers Consulting reports and market surveys Copies of legal documents Publicity material Letters of reference A Typical Business Plan

The key differences between strategic planning and business planning Strategic PlanBusiness Plan An overarching plan that sets the strategic direction of the organization An externally focused document that provides more detailed information on the proposed development of an organization, and is likely to be shared with potential investors - funding bodies for the voluntary and community sector. Primarily used as an internal planning tool, although it may be shared with users or external stake holders. It can be used to motivate, inspire and lead staff and volunteers, and to communicate the future direction of the organization to users and funders. Will usually include more detailed information on the financial position of the organization, financial forecasts, and competitor and market analysis.

Strategic PlanBusiness Plan Can provide a basis for more detailed planning including business plans, marketing strategies and funding strategies. It may be more difficult to present the level of detail required within a business plan in a pictorial format. A strategic plan generally covers a period of 3 to 5+ years Is normally no more than one year Is for established businesses, organizations and business owners that are serious about growing their organization. Could be for new businesses and entrepreneurs who are startups. The key differences between strategic planning and business planning

Strategic PlanBusiness Plan Focuses on building a sustainable competitive advantage and is futuristic in nature. Is used to assess the viability of a business opportunity, and is more tactical in nature. Larger organizations with multiple business units and a wide variety of products frequently start their annual planning process with a corporate-driven strategic plan. Smaller companies and startup companies typically use only a business plan to develop all aspects of the business on paper, obtain funding and then start the business. Many smaller companies including startups never develop a Strategic Plan. The key differences between strategic planning and business planning

Strategy vs. Business Model : What is the Difference?  Strategy 1. Deals with a company’s competitive initiatives and business approaches. 2.strategy consists of the set of competitive moves and business approaches that management is employing to run the company.  Business Model 1. Concerns whether the revenues and costs flowing from the strategy demonstrate that the business can be amply profitable and viable. 2. business model addresses “How do we make money in this business?”

Relationship between three concepts Business Strategy Business Model Business Plan