how to create a business plan (workshop at iit roorkee)

www.digitalvidya.com

How to create a Business Plan?

Pradeep Chopra

Co-founder, Digital Vidya


Plans are _______

Planning is _______

useless

priceless

- Dwight Eisenhower


Why Business Plan?

• Operating and Financial Plan• Your map and compass for the future• Sell yourself on your business• Sales Pitch

– Investors– Partners– Customers– Employees

• MAKE MORE MONEY


Key Elements of a Business Plan


Executive Summary

• Concise Explanation how

Present =====> Future• Most Important Part• 5 Mins Test• 1-2 Pages Long• Written LAST


Company

Describe in 1 sentence how your business proposition is valuable to

mankind


The Core Team

Names of the Members of the core team

Skill Set & Previous Experience


Customer Perspectives

Who are your customers? Define their Pain Areas and how your business will address them.


Market Size

Define market size in terms of current spending and acquirable market.


Value Proposition

Define company/product value proposition. Share any case

studies if available.


Offerings

Describe your product/service (functionalities, IP, tech etc). Show

product development roadmap.


Business Model

Revenue Model & Pricing


Sales & Marketing

How will you acquire customers and build brand?


Kogi Korean BBQ Taco Truck

Blog + Flickr + Twitter - 10 people/stop to 800 people/stop


Competition

Who are they? How will you compete?


Financials

Cash Flow, Revenues & ProfitsDetailed Short Term (1st Year) & Overview of Long Term (3–5

years)


Start Planning…


Let’s stay in touch!

Thank You!

http://facebook.com/pradeepchopra http://linkedin.com/in/pradeepchopra

[email protected]

how to create a business plan (workshop at iit roorkee)

Education

business plan

business proposition

market size

value proposition

financial plan

core team skill

core team names

short term