running a business in our ever-changing world
TRANSCRIPT
RUNNING A BUSINESSIn our ever-changing world
Course of Business EnglishLuiss Guido CarliAnno 2015/206
START FROM A MODEL
FIND OUT YOURVALUE PROPOSITION
“The price is what you paid, the value is what you get!”(Warren Buffet)
DRAFT YOUR BUSINESS PLAN• Company• Product• Market• Competition• Marketing• Operations Management• Risk Analysis• Financials• Investments and Offer
…and choose your TEAM!
IDENTIFY YOUR CUSTOMER BASE
• Targeting: The process of evaluating each market segment’s attractiveness and selecting one or more segments to enter.• Market Analysis: Segment
1Segment
2Capacity xxx xxx
Potential xx xx
Volume x x
• Segmentation: Dividing a market into smaller segments of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes.
MANAGE YOUR NETWORKSSUPPLIERS CUSTOMERS
INVESTORS
• Create a 10 min Pitch Presentation for Investors
• Choose the right bank for your business financial plan
• Marketing Strategies on the 4P• Promotion• After Sales Services• Digital Adv• Etc.
• Benchmarking and touch base
• Buy low, sell high
OUTLINE YOUR FINANCIALS
1) Revenue Streams and Cost Structures2) Free Cash Flows3) Assets and Liabilities
PRICING-COST-BASED-COMPETITION-BASED-NET PRESENT VALUE METHOD
RATIOSProfitability indicator: ex.Profit Margin (%)= ((Revenue-Cost)/Revenue) x 100DebtOperating performace Cash flow Investment Valuation Break-even point
«TIME IS MONEY»
First Sales
Year 3
Set up of the
company
Year 2
Loan from the bank
Year 1
SET THE GAME PLAN
TODAY BUSINESS CHALLENGES
EXTERNAL • High valuation • Environmental substainability and
CSR practices• Cash flows• Pricing power
INTERNAL• Transformational Leadership• Multiculturalism• Change Management
THE LEGO STORY
Be internationalFoster ImaginationBe a simple and positive person
EDITED BY
Teresa Bartolomei is studying Business Administration (MSc) at LUISS University of
Rome. She has also studied in Milan and Zurich.
To know more about her:https://it.linkedin.com/in/teresa-bartolomei-0baa5742