1. Start Your Own Business Training Programme 2017
An Ghlasaigh, Doirí Beaga, Leitir Ceanainn, Co Dun na nGall
Monaghan LEO
Start Your Own Business Training Programme 2017

2. Introduction to Business Planning and Self Assessment
Schedule
6 Modules, – 9.30 pm + 1 Individual Mentoring Session re Business Plan Development
Module 1
Introduction to Business Planning and Self Assessment
Module 2
Product and Market Research
Module 3
Marketing and the Small Business
Module 4
Sales and Sales Plans
Module 5
Legal Issues and Managing People
Module 6
Finance and Bookkeeping – Sourcing Finance

3. Additional Information/Articles/Templates
Supports and Resources
Work Books
Additional Information/Articles/Templates
Support
Riona –
Joe –
Dedicated Course Website
Presentations and additional support materials

4. Username: mcebsyob17a Password: mcebSYOB17*@ Dedicated Course Website
Username: mcebsyob17a
Password:

5. Introductions
Who are we?
Why are we here?

6. Why do you want to go into business?
Key Questions
Why do you want to go into business?

7. What are your objectives?
What do you want to achieve?
Short – Medium – Long term …. 7

8. Write it Down!!!

9. Rotating Your Head - Adapting Your Perspective9

10. Rotating Your Head…. Thinking of starting a business?
I am a user and consumer of products and services 10

11. Rotating Your Head…. Thinking of starting a business?
Now, I am also a supplier and
provider of products and services
I am a user and consumer of products and services 11

12. Check out Self Assessment Questionnaire
Just for guidance and food for thought at this stage!

13. Play to your strengths ….
Organisational?
Dealing with people?
Managing people?
Communications – internal/external. Verbal/written?
Marketing?
Selling?
Follow up?
Record keeping?
Financial management?

14. Deal with your shortcomings….
Training – see e.g.
Take on help e.g. employee (part or full time)
Outsource routine or specialist tasks Get specialist advice where appropriate Do not overlook the limits of personal productivity!

15. Understanding of the difference between risk and recklessness –
Very important ….
Understanding of the difference between risk and recklessness –
Research and Planning essential! 15

16. Realigning yourself to a business perspective…
Seeing potential business opportunity
Willingness/ability to assess risk and potential benefits
Assess and Plan to avoid expensive Errors!
Surviving a failure gives you more self-confidence. Failures are great learning tools… but they must be kept to a minimum. Jeffrey Immelt 16

17. The Business Plan A road map for your business
Research , Assess and Plan
The Business Plan A road map for your business
“An intelligent plan is the first step to success. The person who plans knows where he is going, knows what progress he is making and has a pretty good idea of when he will arrive”
Basil S Walsh

18. The Road Map – Choices to be Made
243 km – 3 hrs 40 mins - €36.11
327 km – 3 hrs 26 mins - €48.58

19. Other Options?????

20. Business Planning
Know where your position is Know where you want to get to The more precisely you know where you want to get to, the better you’ll be able to plan External factors: Other traffic on the road? Diversions?

21. Failure to Plan Inhibits Growth of Business
“If you do not know which port you are sailing to, no wind is favourable.” Seneca

22. The Business Plan
A business plan is a document which describes a business and its activities over a given period of time.
A viable Business Plan is essential to obtain funding/attract investment.
It is primarily for your own information and use –
Your Business – Your Risk

23. The basic pillars …. The Business Plan Our Product/Service Marketing
Finance
People
Operations
The Business Plan

24. Importance of business planning
Purpose of Business Plan
Importance of business planning
Provides direction and focus
Identifies aims and objectives
Identifies a plan of action
Sets targets
Establishes viability
Can identify potential problems
Reduces risk
Provides a basis for monitoring and control
Road map for a viable business

25. Keyword in Business Planning
Profitability! 25

26. See www.localenterprise.ie/Monaghan/
Business Planning
There are supports!
For example:
Monaghan LEO
Training
Information and Advice
Mentoring
Networking Programmes
CHECK OUT WEBSITE …
See 26

27. Product and Market Research
Next time …..…
Same time, same place
Product and Market Research