How to prepare a Business Plan Prof K Ramachandran Thomas Schmidheiny Chair Professor of Family Business & Wealth Management Indian School of Business, Hyderabad Most Entrepreneurial initiatives fail • How come backpacks, Staples, Jeans, gmail, Chic Pouch Shampoo, Nirma, Goodknight, Dell, Take aways, mobiles, share autos, mineral water (and the companies) . became run away success? Why did they all become successful? They eliminated high customer dissatisfaction By Offering Solutions
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Plan: Business Plan Features A good business plan accomplishes three key tasks. One, it focuses on the projected goals. Next, once the goals are down on paper, it compels the entrepreneur to come to some hard decisions about the feasibility of the venture. And finally, it can work like a sales document, aiming to draw the attention of potential investors by highlighting the features of the business. Here are 7 things to include for your business plan to be effective: 1. The Mission Statement Use
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Creating a Business Plan Entrepreneurship is the basis of the American dream. It can be one of the most rewarding occupations. Owning a business, making key decisions, and becoming financially independent are very rewarding benefits. Many people see starting a business as something that they will never be able to do, be it because of finances, interest, or knowledge. If people follow certain steps, entrepreneurship may not be as difficult as originally thought. Starting a small business requires
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rest of the plan and do this bit last. An executive summary of the proposed project is as follows: ● ● ● ● ● ● Project type: refurbishment / new build / conversion etc. Property type: villa / block of flats / semi etc. Finance: Joint Venture partner / mortgage / bank loan etc. Project length: 6 months / 1 year etc. Exit strategy: let property / sell on lease option / sell at auction etc. add points as necessary Introduction This is your chance to sell the project to your investor
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CPA Report Laura Sferra Acc/545 November 3, 2014 Mr. Hung Tran We are currently in a review engagement with XYZ CPA firm. The CPAs from this firm will be performing procedures (primarily analytical procedures and inquires) that will provide a reasonable basis for obtaining limited assurance that there are no material modifications that should be made to the financial statements for them to be in conformity with Generally
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Assessment: develop organisational marketing objectives Name: Navdeep Student id: 201412246 Introduction: Virgin group ltd. Is a British company founded by Richard Branson and Nik Powell. Its associated with the business of travel, entertainment and life style, finance, transport, health care, food and drink, media and telecommunication and have businesses under more than 400 companies. Virgin Group’s date of incorporation is listed as 1989 by companies
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1. Which of the following best defines the entrepreneurship process? A. Providing both direct and indirect services to customers B. Using IT to assemble materials into the final product C. Acquiring and combining resources to create goods or services for customers to buy. D. Exchanging or selling services to other companies Correct : The main role of the entrepreneur is to provide the vision and resources to create goods. The other activities listed are typically the role of employees
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China’s Global Business Plan Team Memners MGT/448 January 22, 2012 Professor China’s Global Business Plan In week five Team C has to prepare a final global business plan paper for the venture in China. The team first had to summarize the findings from the previous team assignments. After summarizing the team had to integrate the week five assignment with the work that had been turned in previously. The team paper for week five included the rationale the team used for choosing the target
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basic operations at NUMMI, your job is to generate a briefing that will be distributed to top managers at GM. In 1200 words or less create a memorandum that contains the following information: 1 Basic history of NUMMI (the GM and Toyota joint venture) 2 Basic responsibilities for each one of the partners (“one is in charge of production, the other is in charge of marketing”, etc. etc.) 3 Some waste reduction features of the Toyota Production System (error proofing, material handling
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flexible to adapt to changes |Organized, formal, rigid org. structure | |Decision-making |Based on their intuition and gut feeling |Collect info& seek advice from inside and outside | |Description of Company |In terms of “vision, dream and mission” |In terms of market segments & profitability | |Attitude to Money |A by-product of their effort
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