You should have completed the business model page in your workbook Youll need this for the Business Plan Agenda Topics Business Plan Activity Writing Your Business Plan What is a business plan ID: 753288
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Slide1
Week 6Slide2
Check-in
: Business model
You should have completed the business model page in your workbook. You’ll need this for the Business Plan. Slide3
Agenda
Topics
Business Plan
Activity
Writing Your Business Plan Slide4
What
is a business plan?
A formal document
that shows:
Main employees
Product
Market
Business model
Long-term
goals, etc.
It’s
what you would show a potential investor in order to convince them to give you $
$
Can be as long and detailed as you like (~3-4 pages)Slide5
Components
of the Business
Plan
Team Name, App Name, and Member Names
Executive Summary
Company Summary
Product Description
Market Analysis
Strategy & Implementation Plan
Financial AnalysisSlide6
2
. Executive Summary
Summarizes the major points for the rest of the planSlide7
3
. Company Summary
List individuals on the
team and any relevant experiences in their backgroundsSlide8
4
. Product Description
What is the product or service?
What does it do?
What is the
value proposition
?
How will it benefit customers? What needs are you addressing?Slide9
5
. Market Analysis
Who is the customer?
What are their needs?
What were the results of your customer surveys?
How big is your
market
?
Describe any competitors
How do you plan to differentiate yourself from them?Slide10
6
. Strategy &
Implementation
Plan
How will you bring the product or service to the market?
How will you build awareness amongst customer base?
List actions you will take to launching your product or service
List your
distribution channels
– where will customers get access to your app
Highlight how you will draw customers to itSlide11
7
. Financial Analysis
Profit =
revenue
–
cost
What are your revenue streams?
How much does your product or service cost?
What is your cost structure?
How much money will you make?
Realistically, how many customers do you think you will have this year? Next year?
Multiply the number of customers by how much each person will spend on your app. That will be your revenue.Slide12
Activity: Design The First Half of
Your Business Plan
Team Name, App Name, Member Names, Executive Summary, Company Summary, Product Description
You’ve already answered most of these questions
To get started: go through your
workbook
pages
21
- 24
Refer to pages
19
and
20
in the workbook
Type a finalized version of your business plan from your workbook
Record your ideas in
pages 21- 24
of the
workbookSlide13
Task
List
Complete at least half of your business plan (typed!)
Team Name, App Name, Member Names, Executive Summary, Company Summary, Product Description
Prototype Development:
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