Ice Breaker Question - What is your Favorite School Memory
The One Page Business Plan
What's in a Business Plan? -Executive Summary = 30,000 feet view of what is in your plan - Company Summary = How you company is structures, mission, vission - Products and Services = What do you sell - Market Analysis Summary = Research showing what your target audience is like and how large of a potential market you have for your products/services, how to price your products - Strategy and Implementation Summary = What goals do you have for the company and how will you reach them - Management Summary = Key people in your company and what skills they have - Financial Plan = Sales and expense projections Helpful link: https://www.sba.gov/writing-business-plan
Uses of a business plan - Get a full plan to work from - Financing/ Investors - Attract partners/ key employees
Pitfall of the traditional business plan - Hard to use in the daily running of your business due to size and amount of detail
Solution - Create a 1 page plan the includes the following" - Vision - Mission - Major Goals and key steps to achieving those goals
Benefit of a 1 page plan is that you can look at it everyday to make sure you are on track.