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Week 6   Check-in :  Business model Week 6   Check-in :  Business model

Week 6 Check-in : Business model - PowerPoint Presentation

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Uploaded On 2019-02-22

Week 6 Check-in : Business model - PPT Presentation

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

business plan summary product plan business product summary market app workbook customers service company executive team pages list analysis

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Presentation Transcript

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:

Continue working on adding functionality to each screen