Tuesday September 8, 2015

Plan for Business Success (2 of 6)

Overview:

A thoughtful and well-executed business plan is the first step for every potential entrepreneur. Good planning increases the odds of success. This workshop covers the essential elements of business plan development. Topics include: setting goals and objectives, preparing marketing and financial plans and defining action steps to attain appropriate goals. With a good plan, build your road map to success.

Description:

• Establish the information needed for a detailed Business Plan. • Create the Environment of the Company, Product or Service that will be the basis of this Plan; identify the Operations, Marketing Approach and Financial Implications. • Establish Pro Forma P&L Statements, utilizing three Revenue Scenarios—Aggressive, Modest and Slow Revenue Growth. • Identify the Risks you’ll face within each Pro Forma P&L Statement. Select the Most Likely Growth Scenario. • Develop the Expected Cash Flow from the Chosen Growth Scenario, Loan Needs and Expected Payback to Investors/Yourself. • Prioritize your Action Steps, recognizing those that are Absolute Musts, Very Important and Less Important. In essence, you’re creating a Time Line/Calendar for the tasks you’ll undertake to accomplish your Growth Objectives. • Create your Plan and the last critical item, the Executive Summary; note, this Summary must portray your view of the Business Opportunity as Positive, Enthusiastic and Succinct. Ideally presented on one page.

 

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Speaker: