The Quick-Launch Business Plan

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Presentation transcript:

The Quick-Launch Business Plan Cary Griffin Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Discovery Interviews Conversation Vs Questioning Select Team Leader & Recorder(s) Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Discovery Interviews Gather information on why this business at this time, supports needed & available, financial needs & resources, key players, Prospective Business Owner’s (PBO) vision… Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA GHA Planning Map Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA The Business Mission Describe the business purpose in 1 or 2 sentences What problem does this product or service solve? Write 2 or 3 goals for the business Griffin-Hammis and START-UP / USA

Describe Products & Services Who will buy? What will they use it for? When will they need it? Griffin-Hammis and START-UP / USA

Describe Products & Services Where will they use it? How will they find it? Why do they need it? Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Marketing Mix 4 key product/service characteristics 4 key primary customer characteristics 2 key secondary customer characteristics Describe 2 things the product/service won’t do Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Marketing Mix Why will people buy from your business? How is this business different from the competition? How will customers find you? Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Business Feasibility Describe techniques used to determine feasibility (sell samples, surveys @ zoomerang.com, poling, market analysis) What materials, resources, support will be needed to further test the idea? Craft a clear statement on potential success Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Business Feasibility Describe techniques used to determine feasibility sell samples surveys @ zoomerang.com poling market analysis Griffin-Hammis and START-UP / USA

Promotion & Distribution Advertising Vs Listing Where are customers likely to look for or find your promotions? What value are you establishing? How will customers access your business? Griffin-Hammis and START-UP / USA

Promotion & Distribution How will you make buying and using the product easy & convenient for the customer? Who’ll help get the product to market? Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Sales Forecasting Develop a 12-month Sales Forecast using the template Be reasonable and explain the projections briefly in the Plan Take seasonal and personal fluctuations into account Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Budget Development List Start-Up Costs List On-Going Expenses (Fixed & Variable) Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Budget Development Include: starting inventory equipment transportation shipping rent utilities insurance business services taxes licensing communications Griffin-Hammis and START-UP / USA

Budget/Costing Research Make individual assignments Assemble cost estimates Discuss a rationale for pricing/sales forecasting based on research Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Budget & Breakeven Use the Consolidated Budget & Breakeven Templates Include costing data, sales projections, public & private support (SSA Work Incentives/VR) Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Plan Summary Write a brief wrap-up. Discuss possible opportunities & limiting factors. Reinforce predictions of growth Be positive and thoughtful! Griffin-Hammis and START-UP / USA

Griffin-Hammis and START-UP / USA Final Reports Quick review of the business: Mission Marketing Challenges Growth Forecast Griffin-Hammis and START-UP / USA