During this session we define what a business plan is and it's uses and benefits. We provide a framework to follow when developing your plan that helps you go through all the key elements to ensure that you have a concise and solid plan for investors and for your partners, employees and other stakeholders.
2. agenda introduction to tandem and the team what is a business plan? why write a business plan? structuring your business plan q & a session with entrepreneur upcoming GoSolo workshops
3. “ tandem strives to nurture innovation, entrepreneurship and SMEs through quality, strategic services” about us startups small business medium business financial consulting startup services business intelligence investment services
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5. agenda introduction to tandem and the team what is a business plan? why write a business plan? structuring your business plan q & a session with entrepreneur upcoming GoSolo workshops
8. agenda introduction to tandem and the team what is a business plan? why write a business plan? structuring your business plan q & a session with entrepreneur upcoming GoSolo workshops
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10. agenda introduction to tandem and the team what is a business plan? why write a business plan? structuring your business plan q & a session with entrepreneur upcoming GoSolo workshops
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12. structuring your business plan the structure 1 3 4 5 6 7 8 EXECUTIVE SUMMARY PRODUCT/SERVICE OFFERING MARKET OVERVIEW STRATEGY ORGANIZATIONAL STRUCTURE FINANCIAL FORECAST MILESTONES 2 VISION/MISSION
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19. structuring your business plan financial forecast Developing an appropriate financial forecast is hugely important in determining how much capital is required to invest. Typically, financial forecasts are done over 5 years. 1. Gather data from the market as assumptions for your forecast How big is the market in # of customers? How many customers are you targeting each year? How much are you charging for your products? How many staff do you require at how much per year? What are your startup costs? How much is rent? How much will be spent on marketing? 2. Develop a Profit & Loss Statement, Balance Sheet and Cash Flow Statement Based on the assumptions, develop financial statements over a 5 year period. Look at the cash flow statement to see how much money is required to fund your business through to cash flow break-even. 3. Provide 3 cases – worst case, base case and best case Analyze the numbers to see if it is worth pursuing. If you’re looking for investment, then a valuation would need to be done through a discounted-cash flow/multiples-based approach.
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22. agenda introduction to tandem and the team what is a business plan? why write a business plan? structuring your business plan q & a session with entrepreneur upcoming GoSolo workshops
23. agenda introduction to tandem and the team what is a business plan? why write a business plan? structuring your business plan q & a session with entrepreneur upcoming GoSolo workshops