On Business Plan

These are my comments on the business plan which I write as comments on the drafts submitted and which I have been repeating in both MM and Standard program entrep classes:

l.  Kindly read very well the hand/out syllabus which contains the detailed write up on business plan.

2.  Please read Dr. Ed Morato's book, Trillogy of Enterpreneurship on the section on business plan writing.  Better still, buy the book if you are serious in learning how to write a business plan.

3.  You can view my slide presentation on the same topic.  I f you do not have a copy of the ppt. you may go to slideshare..  www. slideshare.profjorge_entrep

COMMENTS:
l.  Please follow the prescribed BP format.  It will enable to grade everyone fast and uniformly and fairly.  It will be 30 pts on innovativeness and being compelling.  70 pts on completeness.  What are to be rated in completeness.  Business concept and model  l0 pts.   VMOKRAPI - l0 pts.  Sales Estimate (from EA opportunity seeking, screening/micromarket),  product  -  l0 pts. product design and production l0 pts/
EDS in long form l5 pts.  Financial l5 pts.  at least 3 years.  A bp without fs does not get a passing grade.

2.  Be sure you learn how do a business model.

3.  Have the 4 groups of objectives.  Do not mistake inputs for objectives

4.  There are 4 groups of organizational leadership:  financial/equity holders, techonology owner/provider. top management, and middle managers.

5. A BP's ;purpose is to prove to the readers your story that you can do the things you said there, from the rigors of analysis, ce and logic

6.  Compellling and mesmerizing.

It is sad to note that the business plans submitted early to comply with graduation requirements have yet to meet these standards.

Comments on Business Plan Writng

Please take note that Business Plan writing constitute a large portion of the entrep studes grades.  Much honor is at stake because all BP become entries to the Larry Farrell's Business Plan writing competion.

Some suggestions:
l.  Please read Dr. Ed Morato's book on Trilogy of Entrepreneurship.  Better still, buy the book please.
2.  Please read very well my write up on the syllabus how to write a business plan.
3.  Please view my ppt. on business plan writing at slideshare.  Go to www. slideshare.profjorge-entrep

Other comments:
l.  Complete the business concept/model/offering very well.  We spent a lot of time on business model.  Your BM is your business dashboard. On the offering, it summarizes the financial results like ROI which should convince your financier or investor put money in you business/plan

2.  Complete the VMOKRAPI.  Read my notes on the subject matter, especially the SMART objectives, 4 groups of objectives., the KRA, and the PI

3.  Your business concept and vision should be compelling.

4   Compelling means your business should be tomorrow's headline.  It should be unique and mesmerizing

5.   Complete sales estimate from your opportunity seeking, screening, and micromarket analysis/

6.  Input your knowledge and your experience with group activities on product concept and design re:  nu l2 and creative exercises.

7.  EDS and financial must be well written, complete.