1. The Business Plan

2. 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

3. What is Creativity?

4. Characteristics of Creative People

5. Can you improve your creativity? YES! How?

6. Is the solution reasonable?

7. What is an Innovation?

8. Where do innovative ideas come from

9. 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 & AppendixFinancialsAppendix

10. Let’s take a look at some videos to help deepen our understanding of business plans! http://www.sba.gov/tools/audiovideo/delive ringsuccess/index.htmlhttp://www.sba.gov/tools/audiovideo/delive ringsuccess/index.html

11. Part 1: The Executive Summary

12. Contents of the Executive Summary

13. Part 2: Market Analysis

14. Industry Description and Outlook

15. Identifying Your Target Market

16. Lead Times

17. Competitive Analysis

20. Regulatory Restrictions

21. Part 3: Company Description

22. Part 4: Organization & Management

23. Organizational Structure

24. Ownership Information

25. Management Profiles

26. Board of Directors' Qualifications

27. Part 5: Marketing and Sales Strategies

28. Your Overall Sales Strategy should include:

29. Part 6: Service or Product Line

30. Part 7: Funding Request http://articles.bplans.com/financing-a- businesshttp://articles.bplans.com/financing-a- business

31. Part 8: Financials

32. Prospective Financial Data

33. Part 9: The Appendix

34. 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 & AppendixFinancialsAppendix For example business plans click on the below link http://www.bplans.com/sample_business_plans.cfm