BusinessPlan W O N

7/31/2019 BusinessPlan W O N

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MSIT

Business Plan


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Agenda

What is Business Plan?

How to create Business Plan.

Getting help.

Schedule for the Business Plan References


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What is a business plan?

Springboard, towards the establishment andgrowth of a new business

Tool for companies to raise capital

Background information about the teamattempting to reach those goals.

May be for-profit or non-profit


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How to create a business plan

Brainstorm with your team and come withbusiness ideas

Analyze each business idea for its viability and

feasibility

have some general awareness about the economic,political, cultural side of Andhra Pradesh

Finalize a business idea and write a short note

describing it


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Getting help

Meet your mentor Get your idea reviewed

Discuss POA

Have a shared understanding of the business

plan. Divide up the activities between your team

members

First work on them individually and review themtogether as a team before submission


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What has to be kept in mind?

You have to be: Sure of your business

Identify your competitors

Precise about your facts and figures


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Schedule for the Business Plan

Day Documents to be submitted

Monday Business Plan Abstract

Tuesday Operational Plan

Wednesday Marketing Plan & Sales Strategy

Thursday & Friday (All these documents

should be done by Friday 6.00 PM)

Break Even Analysis, Cash Flow

Statements, Profit & Loss Statements,

Elevator Speech and BusinessPresentation PPT

Saturday Final Presentations


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Step I

Business Vision and Mission, Executive Summary

Marketing Plan and Sales strategy

Operations plan

Development mile stones and Exit plan Internal and External stake holders

Word document


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Step 2

Financial plan Venture Capitalists

are primarily concerned about initial investment,feasibility, and exit valuation

Excel Sheet Income statement Beak-Even Analysis

Cash flow projection

Balance sheet, Profit and loss

Sources and use of funds


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Business Plan Abstract

Identify your business

Purpose of your business

Identify the market scope

Identify the customers , stakeholders andcompetitors


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Operational Plan

Two stages: Stage of Development

Production Process

What are the necessities while dealing with the

business location , inventory ,people ,adaptable environments


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Marketing strategy

How to get your customers

Strategies that you adapt to get acknowledged in

the market

Advertisements & Promotion of product


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Sales strategy

Its a monthly projection

Its based on the historical sales and strategies

described

Two types of forecast

Best guess

Worst case


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Financial Analysis

Cash Flow Break Even Analysis Profit & Loss


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Presentation

Elevator SpeechA Three minute summary of the business plan's

executive summary

A teaser to awaken the interest

Power point presentation

Practice at least 3 times


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References

Templates

Resources in wiki

http://en.wikipedia.org/wiki/Business_plan
http://en.wikipedia.org/wiki/Business_planhttp://en.wikipedia.org/wiki/Business_plan


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