Difference between revisions of "BusinessPlan"
From WikiDreams
| Line 8: | Line 8: | ||
Business Plan | Business Plan | ||
| − | * Executive Summary - [[Mission]] and [[Strategies]] | + | * Executive Summary - [[Mission]] and [[Strategy|Strategies]] |
* Business Description - product and/or service | * Business Description - product and/or service | ||
* Market Analysis | * Market Analysis | ||
Revision as of 12:30, 13 March 2019
#BusinessPlan is an element of #Operational that may need to be established or in place for an eDream to be viable.
Questions to consider whether a #BusinessPlan is necessary, 1. Will it require raising money through loans an/or investments? 2. Will it require managing people? 3. Will it require displacing competitors? If the answer is yes, a #BusinessPlan is likely necessary.
Business Plan
- Executive Summary - Mission and Strategies
- Business Description - product and/or service
- Market Analysis
- Marketing & Sales Strategies.
- Organization
- Operating Plan - plan to address realities elements, create and support the solution and engage the people
- Funding Requirements.
- #FinancialPlan - Financial Projections.
Financial Plan - 6 months, 2 years, 5 years
- Whether it’s to ensure you can pay for four years of college or have enough for your desired retirement, a financial budget may be required.
- Projected Financial Reports
- Revenue & Expenses (P&L, Income Statements) Cash Flow, Balance Sheets
- Cash Flow Projections
Investment Plan
- How much do you need?
- How much needs to be raised? From who? When?
- Do you need an Investor Pitch?
- If you need investors, partners or loans, you may need a business plan to get your dream off the ground.
Operating Plan
- Beneficiary Development - i.e, Business Development/Sales
- Solution Design - Design, validate, engineering, etc.
- Solution Creation - develop, test, validate, etc.
- Solution Production - ongoing after initial creation
- Solution Distribution - initially and ongoing, fulfillment of client orders, what are the distribution channels?
- Solution Feedback & Support - Ensure beneficiary benefit, Customer Service & Support
- Solution Improvements - updates, improvements and new version?
- Human Resources - recruit, hire and manage people
- Staffing Model - number of people, roles & timing
- Salaries & Benefits, Skill sets, experience, ramp up time
- Resource/Vendor Management[edit]
- Purchased Services from vendors or people
