Business Plan

Date : 28.April.2020
Sub  : Entrepreneurship
Day  : 1
Time : 10am -10:45
Period : 4
Class    : 12

Learning Outcomes

• Revision of Business Plan
• Preperation of business plan project
• Types of Business Plan

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Chapter 2

Entrepreneurial Planning

Topic: Business Plan

Planning

•Planning Never Ends

•It is an intellectual thinking process

•Bridges the gap.

Business Plan

•Business plan is a comprehensively

written down document prepared by

the entrepreneur describing formally all

the relevant external and internal

elements involved in starting a new venture.

•It is a kind of Road Map or Game Plan.

How does it help?

•a) helps to understand the feasibility and

viability of the proposed venture,

How does it help?

• b) facilitates in assessing and making provisions for

the bottlenecks in the progress and implementation of the idea,

How does it help?

• c) discusses the potential for success of the project

along with the risk factors involved.

It is decision making tool

•Necessary Inputs

•Utilisation of resources

It is decision making tool

•Detailing the strategies

•Desired goals

•Market sensitivity and profitability

Who should write the Business Plan??

•Entrepreneur or promoter

with the help of experts can

write the business plan.

Importance of business plan

• Viability of venture

• Organising planning activities

Resources, licenses and legal requirements.

• Concerns queries and issues

• Self assessment and self evaluation

• Realise obstacles

• Tool for funds procurement. Four Cs of credit

• Character, cash flow, collateral and equity contribution

Formats of business plan

1. Elevator Pitch

        2. Pitch Deck With Oral Narrative 

3. Written Presentation For External Stakeholder

4. Internal Operational Plan

Elevator Pitch

•It is a three minute summary of the

business plan's executive summary.

This is often used as a teaser to awaken

the interest of potential funders,

customers, or strategic Partners.

A pitch deck with oral narrative

• A hopeful, entertaining slide show and oral narrative

that is meant to trigger discussion and interest

potential investors in reading the written

presentation, i.e. the executive summary and a few

key graphs showing financial trends and key decision

making benchmark.

Written presentation for external stakeholders

•A detailed, well written, and pleasingly

formatted plan targeted at external stakeholders.

An Internal operational plan

• A detailed plan describing planning

details that are needed by management

but may not be of interest to external stakeholders.