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Business Planning Workshop.pptx - BUSINESS PLANNING...

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BUSINESS PLANNING
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OBJECTIVES Provide space for participants to apply key learnings in brainstorm sessions Familiarize participants with parts of a business plan through practical, relevant, and applicable case studies Set foundation for development of individual business plans for submission to Innovation Competition and other sources of funding
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AGENDA December 9 Business plan Gender and environment Company description Service/product Market analysis December 10 Market analysis Operation plan Marketing plan Contingency plan Executive summary Business plan vs BMC
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PARTS OF THE BUSINESS PLAN
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Parts of the Business Plan Executive Summary Company Description Market Analysis Operational Plan Marketing Plan Contingenc y Plan Financial Plan SWOT Analysis
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Biggest challenges for new entrepreneurs Financing Dealing with the unknown Loneliness Decision-making Neglecting marketing/sales Lack of planning Time management Lack of mentors
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Value What value do you bring to the lives of customers ? Problem-solving What problem do you solve for your customers ? Money-making Can you make money with this venture ? Fit How well does this venture fit your background, experience and financial situation ? VPMF Test – How feasible is your business ?
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YOUTH INNOVATION FUND APPLICATION FORM
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Management Q: 3 to 6 Who you are Work experience Life experience The reasons to start a business Fit Gain vs loss Money Time Family relationship Health Reputation Self-esteem
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COMPANY DESCRIPTION Q: 7 to 11 Describe your organization (including potential employees) Also include goals and objectives – where will your business be in one, three, five years? Short term: in the next few months (6) Medium term: 12 months Long term: in the next several years Strategy: how you will accomplish your goals
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SERVICE OR PRODUCT LINE Q: 12 -13 Describe your value proposition: what are the needs of your potential customers and how will you meet them? Questions to be considered include: What is sold?
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