Business Plan Preparation Operations & Development Plans

1. Business Plan PreparationOperations & Development Plans Leeds School of Business University of ColoradoBoulder, Colorado Operations & Development Strategy

2. Tonight • Operations Plan • Development Plan • Review Plan status • Team meetings Operations & Development Strategy

3. Next Week • Business Model Presentation • Hand in - Business Model & copy of presentation • Entrepreneurs to give feedback Operations & Development Strategy

4. Business Model Presentation • Conclusions from research • 10 minutes, 10 slides • Provide copy of slides Operations & Development Strategy

5. Key Elements of Presentation • Opportunity – problem you are solving • Market Analysis • Size, growth and trends • Segmentation • Competitive Analysis • Major competitors • Likely competitive advantage • Profitability • Revenue model • Margins • Product/Service • Alternative products/services • Key features Operations & Development Strategy

6. Must Provide Validation

7. Business Model Hand-in (Three-Ring Binder) • MARKET ANALYSIS – draft of the business plan section • INDUSTRY ANALYSIS – draft of the business plan section • PRODUCT/SERVICE – draft of the business plan section • Value Chain analysis • Competitive Matrix • Financial COMP’s • Revenue Model • Interviews 20 Call Reports Operations & Development Strategy

8. 0 Business Plan Elements • Executive Summary • Company Overview • Product or Service Description • Industry and Marketplace Analysis • Marketing Plan • Operations Plan • Development Plan • Management • Financial Projections • Offering, Funding Requirements, Valuation Operations & Development Strategy

9. 0 Operations Strategy • Operations section describes the inputs, processes, procedures and activities required to produce goods or services • Operations = competitive advantage • Operations that add to your value proposition • Supply chain analysis will help write this section Operations & Development Strategy

10. 0 Scope of Operations • In-house vs. subcontract • What makes most sense for your business? • Consider: • Production • Product development • Order fulfillment • Customer service/Tech support • Warehouse and shipping • Installation • Warranty service & repairs Operations & Development Strategy

11. Pre-purchase Contact points Purchase Customer support Fulfillment Joint Ventures/Partnerships People Logistical Plan & Equipment People requirements Systems & Technology Inventory levels Information requirements Operations Analysis(Walk an Order) Operations & Development Strategy

12. 0 Ongoing Operations • Identify key vendors, suppliers, strategic partners • Describe the arrangements • Price agreements • Determine manpower requirements • Provide a layout of the production or service process • Determine inventory levels to support marketing • Identify key performance indicators Operations & Development Strategy

13. Production/Service Capacity • Determine production/service capacity required based on sales forecast • Type of facility – size and type of space (office, labs, production, warehouse & shipping) • Location • Capital assets (equipment, vehicles, buildings, fixtures, computers & software) • Lease or purchase Operations & Development Strategy

14. Development Strategy • What must happen to succeed? • Describe 5 -10 key events that must take place with completion dates • Product & process development • Intellectual property • Key agreements • Market & beta tests • Marketing actions • Key hires Operations & Development Strategy

15. Development Timeline Operations & Development Strategy Source: Steve Lawrence