IOE 422 W2010 Class 17 032510

IOE 422 W2010 Class 17 032510 - Winter 2010 Kurt Skifstad

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Unformatted text preview: Winter 2010 Kurt Skifstad (skifstad@umich.edu) I O E 4 2 2 E n t r e p r e n e u r s h i p 1Class 12 1 Class 12 1 Class 10 1 Class #17 The Financial Plan Kurt Skifstad skifstad@umich.edu Class17 1 Winter 2010 Kurt Skifstad (skifstad@umich.edu) I O E 4 2 2 E n t r e p r e n e u r s h i p 2Class 17 2 Class 15 2 Administrative Homework due MONDAY, March 29 Business Model (overview), especially: Customer Definition (who is, who isnt) Customer Need Key Competition Key Differentiators (working) Operations Timeline (working) PLUS: LIST THE ASPECTS OF YOUR PLAN THAT WILL BE MOST CENTRAL TO CONVINCING SOMEONE TO INVEST IN YOUR VENTURE Class 17 2 Winter 2010 Kurt Skifstad (skifstad@umich.edu) I O E 4 2 2 E n t r e p r e n e u r s h i p 3Class 17 3 The Financial Plan The Bus. Plan needs to communicate a story that makes sense The Financial Plan is the part of the story that explains why the Business Plan makes sense financially The Financial Plan describes expected: Revenues Cash flows Profits Required investments Q u a n t i t i e s + T i m i n g Winter 2010 Kurt Skifstad (skifstad@umich.edu) I O E 4 2 2 E n t r e p r e n e u r s h i...
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This note was uploaded on 04/05/2010 for the course IOE IOE 422 taught by Professor Skifstad during the Winter '10 term at University of Michigan.

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IOE 422 W2010 Class 17 032510 - Winter 2010 Kurt Skifstad

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