This document discusses venture planning and key factors to consider when starting a new business venture. It outlines the venture planning process which includes concept development, feasibility analysis, and developing an operational plan and budget. Key factors that are evaluated include sales potential, required investment, financing options, returns, and required equity. Risks associated with new ventures like market risks, operational risks, and financial risks are also discussed. The document provides guidelines for a good venture proposal and checklist of items that should be included.

2. By Eko Priyanto
Middle East University
13.03.2016
PLANNING
NEW VENTURE

3. Introduction
 Venture: Risky start-up or enterprise
company.
 Venture Planning is a personal
assessment of feelings &the
feasibilityof a venture.
 The Venture Feasibility process
examines the key factors inany venture.

4. Meaning
Venture refers to a risky start-up or enterprise
company
•
• New ventures are business plans that gives an
opportunity or chance to set up a company/
business on the basis of innovative ideas
It is build upon customer driven ideas or
technology
•

6. Key factors in venture concept planning
1. Which ventureconceptproduces the most sales,
the best margins, the highest net profit and the
lowest breakeven?
2. Which model requires the least investment by
entrepreneurs and others?
3. Which concept requires equity as opposed to debt
financing?
4. Which produces the highest “Return on
Investment" and the best liquidity?
5. Which model requires the entrepreneur to give up
the least equity?

7. Factors in Venture Planning
1. Entrepreneurial mindset &skills
2. Possible risks &dangers
3. Speculations on investment yields
4. Reputation status of the firm
5. Possible refutation

8. Process of VP
Concept
Development
Venture
DevelopmentIdea
Venture
Feasibility
Analysis
InitiatingNew Monitoring
ProgressChanges
Business
or
Operational Plan
Budget vs.
Actual/New Plans.

9. Process of VP
Define the
project
Do feasibility
study
Consider fiscal
sponsorships
Identifying
the venture
impasses
Plan for
physical
facilities
Legal aids when
necessary
Develop simple
budget &
business plan

10. HighGrowth Business Development
Continues
growthRapid
growth
Initial
growth
Start up

11. 4 Keys to Good Venture Planning
1. Focus on one venture at a time in one business
area at a time.
2. Discover the opportunity first, and then evaluate
how exploit it.
3. Develop three cases good, bad and likely for each
scenario of a ventureconcept.
4. Identify what type of venture you want. Each type
has an entirely different model, implementation
and end result. Each demands a different
entrepreneurial approach and each requires
different management and style.

12. 11 Keys to a Good First Venture
Lifestyle of
High Profit
smaller
business
Founder's
alignment
with the
mission
Guaranteed
or qualified
customers
Routine
concept
Supportive
local
environment
Neutral State
and Federal
Environment
Available
product
Advantageous
Cash Flow
Equity
Control
Relevant
Experience
Low
Overhead

13. Venture Proposal
Checklist
Proposal functions as an important tool in avoiding any
future problems in any ventures
They help to prevent :
 Acting on impulses
 Proceeding with half-baked idea
 Disastrous outcomes
 Exposing the fear that certain facts could spoil what
may seem idea to be great.
There are 2 versions
– Short version
– Long version

14. Items in The Venture
Proposal Checklist
 Framework of the plan
 Appendices, attachment etc
 Main issues under the key section
 Work program assignments based on
the framework &lists
 Key sections ina logical order
 Critiques fromthe advisor
 Summary &conclusion
 Evaluation strategies

15. Areas for VP in Nursing Service
Institution based care
Process oriented
Procedure driven
Based on mechanical & manual intervention
Provider driven
Treatment based
Reflective of late stage intervention
Based on vertical clinical relationships

16. Areas for VP in Nursing service
 Mobility based on multiple settings
 Outcome driven
 Best- practice oriented
 Emphasized by technology and minimally
invasive intervention
 User driven
 Health based
 Geared for early intervention
 Based on horizontal clinical relationships
-Porter-O‘ Grady (2003)

17. Risks in new ventures
Market risks•
–
–
–
Market strength to support the venture
Trends in the market
Structure and distribution of the market
competition
• Operational risk
– Problems related to delivering the quality
products on customer-satisfaction
Financial risk
– Changes in the financial projections/predictions
•

18. Resolutionof Risk
Market
Analysis
&
Revise
Financial
model
Operation
model

19. References
1. Jogindra Vati (2013). Principles &practice of nursing
management and administration, I ed., New Delhi,
Jaypee Brothers Medical publishes (P) Ltd.
2. Deepak K, Chandran S &Kumar M (2013), A
comprehensive textbook on nursing management, I ed.,
Bangalore, Emmess Medical Publishers. 75-112
3. Booyens WS (2007), Dimensions of nursing
management, II ed., Cape Town, Zebra Publishers. 137-
139