BusinessPlan

#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