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The Business Plan
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What are the similarities of successful entrepreneurs
What are the similarities of successful entrepreneurs? Don’t worry you can learn them! Persistence Desire for immediate feedback Inquisitiveness Strong drive to achieve High energy level Goal-oriented behavior Independent Demanding Self-confident Calculated risk taker Creative Innovative Vision Commitment Problem solving skills Tolerance for ambiguity Strong integrity Highly reliable Personal initiative Ability to consolidate resources Strong management and organizational skills Competitive Change agent Tolerance for failure Desire to work hard
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What is Creativity?
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Characteristics of Creative People
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Can you improve your creativity? YES! How?
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Is the solution reasonable?
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What is an Innovation?
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Where do innovative ideas come from
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Essential Elements of a Good Business Plan for Growing Companies
Executive Summary Market Analysis Company Description Organization & Management Marketing & Sales Management Service or Product Line Funding Request Financials & Appendix
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Let’s take a look at some videos to help deepen our understanding of business plans!
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Part 1: The Executive Summary
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Contents of the Executive Summary
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Part 2: Market Analysis
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Industry Description and Outlook
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Identifying Your Target Market
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Lead Times
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Competitive Analysis
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Competitive Analysis
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Competitive Analysis
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Regulatory Restrictions
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Part 3: Company Description
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Part 4: Organization & Management
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Organizational Structure
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Ownership Information
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Management Profiles
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Board of Directors' Qualifications
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Part 5: Marketing and Sales Strategies
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Your Overall Sales Strategy should include:
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Part 6: Service or Product Line
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Part 7: Funding Request
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Part 8: Financials
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Prospective Financial Data
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Part 9: The Appendix
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Let’s review one more time all the sections of a business plan!!!
Executive Summary Market Analysis Company Description Organization & Management Marketing & Sales Management Service or Product Line Funding Request Financials & Appendix For example business plans click on the below link
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