Upload
mahesh-balakrishnan
View
134
Download
0
Embed Size (px)
Citation preview
● Executive Summary-Covering essentially the whole plan in 3 pages
● The Business/Company-” Business Description” ● Vision/Mission-Yes they are different ● The idea-What problems are you solving? ● Pain Points Addressed ● Market Potential/Scalable market ● Market Size/TAM ● Marketing Plan-How do you do it?Lower pricing is
not a differentiatior ● Operational Plan-The Team
© Human Touch - Confidential 1
● Financial Plan-The reason for being in business-$$$
● The Projection-The Dream ● Funding/Sources of Funds-2F,4F ● The Exit/The Promise ● Why the investor should invest/
Summary
© Human Touch - Confidential 2
Essentials of Business Planning
● Differentiation is the key to your plan when applying for grants
● Scalability and Execution Team are vital when pitching for VC funding.
● Cash Flow Planning and Burn Out rate is key for survival as a start up entrepreneur and if you have ventured into business after many years of service
● Cash flow is key for Bank Loans ● Projections are key for corporates
Do I need a business plan?
● Yes ! Succeed by Design rather than by chance
● http://www.youtube.com/watch?v=MCbLihzsbE8
Some Tips!
● Google is good but do Yahoo and Bing search as well
● There are Information Databases at IE Singapore, SIM and other Tertiary Libraries which could be useful for advanced information
● For Govt Grants- Advisable to complete all sections of their templates. Be persistent and yes ,you need to do the paperwork
● Ideas Inc and Start up@ Singapore conduct lots of workshops
● You can use Business Plan Pro if you wish to use a software tool