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17 th April 2015 Launch and Training Session - Business Plan
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WHAT YOU WILL BE LEARNING Innovation & Enterprise Generate Earth- Friendly Business Ideas Leadership & Team Spirit Develop a Viable Business Plan Hands-On Learning Experience
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Things to do: Submit a Business Proposal
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BUSINESS DESCRIPTION Allow reader to understand business thoroughly
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ENVIRONMENTALLY-FRIENDLY ELEMENT How does it help to save the environment?
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MARKETING How to make people buy your things?
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BASIC ACCOUNTING Keep a record of how much you hope to earn and how much you will be spending.
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HOW TO BE SHORTLISTED? Criteria Weightage Business Description 20% Environmentally Friendly Element 40% Marketing 30% Accounting 10% Total 100%
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AWARDS & PRIZES TO BE WON! Awards Prize The Most Earth Friendly Enterprise $300 The 2 nd Most Earth Friendly Enterprise $200 The 3rd Most Earth Friendly Enterprise $100 The Most Creative and Innovative $100 The Most Attractive Display (SG50 Theme) $100 The Most Engaging Earth Friendly Sales Presentation $100 The Social Media Darling Award $100 * For each day! :D
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IMPORTANT DATES TO REMEMBER! 27 April 15 May 4-5 July Submission of Business Proposal 40 Finalists Shortlisted Finals @ Changi City Point
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What makes a Company ‘Green’? Environmentally Friendly Sustainable Business Practices Reduce, Reuse, Recycle
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Examples of Green Companies
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Innovative concept to power car by both petrol and battery powered engine. Toyota also made use of the assisted battery engine to significantly decrease fuel consumption. TOYOTA
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THE BODY SHOP REDUCE CO2 emissions by 50% Electricity consumption by 50% Waste output by 50% Domestic water consumption by 25% Use natural ingredients for their products Product bottles made from 100% post consumer recycled plastics.
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1.How badly do you want to WIN? 2.Are you mentally prepared to OWN this business? Ask yourself these questions:
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Is it addressing a need? The Business Idea Is it new or different? Can it be done? Are there people who want it?
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Examples - Pencil case - Home Decorations For more ideas, visit: http://www.nybc2015.com/ http://www.instructables.com/ http://www.youtube.com/ The Business Idea
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A Winning Business Plan WHO WHAT WHEN WHERE WHY HOW
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Business is a TEAM Sport Nominate a Leader Set a Common Goal Phase 1: Starting Point
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1.What is your Business? 2.Why did you choose this Business? 3.What are your Strengths and Weaknesses? 4.Include drawings or pictures 5.Handcrafted products will be preferred Phase 2: Business Description
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1.How is your business eco-friendly? 3Rs? Phase 3: Eco-Friendly Element Reduce? Recycle? Reuse?
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2. How can your customers benefit from your product? Phase 3: Eco-Friendly Element
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Phase 4: Marketing
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Guerilla Marketing – Minimum Costs, Maximum Exposure Phase 4: Marketing
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Phase 5: Financials Basic Accounting – Profit and Loss Statement Start up Costs – Cost required to set up the Business Examples – Materials – Decorations – Transportations – Storage Cost of Goods Sold (COGS) – Costs required to create the goods to be sold
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Phase 5: Financials ItemAmount Total Sales1000 Less: Cost of Goods Sold500 Gross Profit (a)? Less: Expenses 1.Stationery100 2. Marketing Materials100 Total Expenses (b)200 Net Profit (a) – (b)?
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Phase 5: Financials ItemAmount Total Sales1000 Less: Cost of Goods Sold500 Gross Profit (a)500 Less: Expenses 1.Stationery100 2. Marketing Materials100 Total Expenses (b)200 Net Profit (a) – (b) 300
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1.Go to 2.Click on “NYBC 2015 Competition Details” 3.Download the Business Plan Template 4.Submit your plans to np.nybc@gmail.com 5.Deadline: Monday, 27 th April 2015 Submission Details http://www.nybc2015.com/
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Things to be included when submitting: 1.Name of School 2.Name, Email address and Contact Number of Teacher In-charge 3.Group Name 4.Student Names (6 Maximum) 5.Email address and Contact Number of Student Leader Submission Details
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A Winning Plan Should Be: – Concise (Maximum 4 Pages) – Informative & Comprehensive – Include pictures/drawings – Neat and Easy to Read Requirements Criteria Weightage Business Description 20% Environmentally Friendly Element 40% Marketing 30% Accounting 10% Total 100%
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THANK YOU.
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