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Why do you need a business plan?

Why do you need a business plan?. Reasons to write a business plan?. Reasons to write a business plan?. For yourself Attract partners Get capital. Reasons to write a business plan?. Market analysis Strategy implementation Financial plan – Cash flow.

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Why do you need a business plan?

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  1. Why do you need a business plan? Reasons to write a business plan?

  2. Reasons to write a business plan? • For yourself • Attract partners • Get capital

  3. Reasons to write a business plan? Market analysis Strategy implementation Financial plan – Cash flow

  4. Elements of a Business Plan Executive Summary Company Summary Product or Service Market Analysis

  5. Elements of a Business Plan Strategy Implementation Management Financial Plan Appendix

  6. Elements of a Business Plan • How To Write A Business Plan • How To Start A Business • https://www.youtube.com/watch?v=x0y3VgjhGw0 • Discussion

  7. Business Plans • Ten Key Questions to Address • How to Start A Business

  8. Ten Key Questions to Address • What is product or service? • Straight forward and to the point

  9. Ten Key Questions to Address • What is the value preposition of the business?

  10. Ten Key Questions to Address • What is your market opportunity? • Define market • Market Growth • Market Competition • Market demographics

  11. Ten Key Questions to Address • How are you going to make money? • What is your business strategy? • Involves - Your vision for the company • Goals and Objectives • Benchmarks

  12. Ten Key Questions to Address • How do you sell? • Need capital?

  13. Ten Key Questions to Address • Management? Why you? What in your background make you qualify?

  14. Ten Key Questions to Address • https://www.youtube.com/watch?v=O_L0BqPWBLo • Discussion • https://www.youtube.com/watch?v=KYneLGRTgy8 • Discussion

  15. Ten Key Questions to Address • Financial Projections? • What is the plenary valuation of your company?

  16. Business Model • https://www.youtube.com/watch?v=WCGuEYDluHQ • Discussion

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