TECHNO LAST LE

32問 • 1年前

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It covers what you intend to do with your business and how it will be done

Business Plan

A technopreneur should be involved in making the business plan because he or she knows the content of the business proposal and it is her or her task to explain it thoroughly to the audience in a precise manner

Importance of a Business Plan

Four Reasons to make business plan

To raise money for your business To make sound decisions To help you identify potential weaknesses To communicate your ideas with your stakeholders

Benefits of a Business Plan

1. See the whole Business 2. Strategic Focus 3. Set Priorities 4. Manage Change 5. Develop Accountability 6. Manage cash 7. Strategic Alignment 8. Milestones 9. Metrics 10. Realistic regular reminders to keep on track

Elements of a Business Plan

Business Description Market Analysis Competitor Assessment Marketing Plan Operational Plan Financial Plan Executive Summary

Should provide an overview of the business and its objectives

Business Description

is written to outline intentions and motivations

Mission Statement

Summary of the current state of the venture

Business Overview

Descriptions to provide context for what you will later say about it

Product and Services

Describe the market's characteristics, the customer's profile, the competition, and how you plan to gain advantage over them

Market Analysis

Describe the industry. It includes information on its size, location, history, competitiveness, and profitability as well as its general health

Market Characteristics

Narrow the range of potential customers to those specific ones who are willing and able to buy your product.

Target Customer Profile

A review of your specific competitors. Define eho your competitors are, and then profile them

Competitor Assessment

Marketing four Areas

Product Offered Price Charged Distribution System Promotional Efforts

Deals specifically with the internal organizational structure, operations, and equipment.

Operational Plan

Under operational plan are

Ownership and Management Resources and Production Legal Issues

Describe the current financial status and presents forecasts of future financial statements.

Financial Plan

Highlight the important aspects of your venture. It should be short.

Executive Summary

Executive highlights

Mission and Goals Product Market and its Potential Marketing Plan Management Team Key Elements of your Operations Funding Requirements Return to the Investor

Executive Summary should address these points

Purpose Problem Problem Analysis Result of Analysis Recommendations

point of document

Purpose

Issue needs addressing. Why is it an issue? Why are you where you are?

Problem

What can be changed or improved?

Problem Analysis

What did you find while researching the issue?

Result of Analysis

What can you do to address this issue?

Recommendations

Outline of Business Plan

1. Executive Summary 2. Company Descriptions 3. Product or Service 4. Market Analysis 5. Strategy and Implementation 6. Management Team 7. Financial Plan

The name given to the formal presentation of a slideshow summarizing your business plan given before judges or potential investors or partners.

Pitch

The name of a slideshow presentation that summarizes a business or more often a business plan

Pitch Deck

It represents an effort on the part of an entrepreneur to entice investor to provide resources

Business Pitch

A quick presentation of an idea, product, or company.

Elevator Pitch

5 Step Pitch that turns strangers into clients

Introduce Yourself Identify the Problem Announce your Promise Offer Proof and Plan Know when to Stop and Listen

Impacts of a good pitch

Attention Excitement Engagement Action

Geotech Quiz 1

John Rotrix Tumaneng · 38問 · 2年前

Geotech Quiz 1