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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.
Will discuss:
- 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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