business challenger bizcamp galway donncha hughes
DESCRIPTION
'Ten challenges to help your Business Plan Succeed' as presented by Donncha Hughes, Bridgewater Management at Bizcamp Galway in early September 2011.TRANSCRIPT
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Bizcamp Galway 2011
Donncha Hughes
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‘Ten challenges to help your business plan succeed’
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1. Have you presented and structured your document correctly?
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2. Does the business plan briefly outline the origins and progress to date of the business?
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3. Does the BP outline the ‘burning problem’ experienced by your target customer?
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4. Is your solution clearly detailed –encapsulating the UVP for the customer?
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5. Does the plan encapsulate your key sustainable competitive advantage?
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6. Does your plan articulate and support your vision and growth plans?
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7. Has a credible and proven ‘Business Model’ been presented?
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8. Does the ‘Management Team’ inspire confidence?
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9. Do your assumptions and detailed financial projections stand up to serious scrutiny?
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10. Have you written a compelling Executive Summary?
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Review of your business plan by Independent mentors is invaluable before circulation
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Structured challenges for your Business Plan
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Output of Business Challenger
Business Challenger distils feedback from business experts on business plans into:
• A 3D Score
• Detailed Section by Section feedback for business promoters.
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5 QUIZ QUESTIONS To finish
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1. The most common and biggest mistake made by entrepreneurs is not having sufficient money?
True
False
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2. The primary reason to prepare a business plan is to create a tool to deal with investors and financing sources?
True
False
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3. You should write your Executive Summary before you write the rest of your business plan?
True
False
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4. If you are planning to open a doughnut shop, it would be a good marketing strategy to sell ice cream during the summer when the doughnut business slows down?
True
False
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5. You can see the Great Wall of China from Space?
True
False
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TO SUBMIT
@Donnchadhh
#BusinessChallenger #Bizcamp
1. False 2.False 3.True 4.False 5. True
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DUBLIN ALEXANDRA HOUSE, THE SWEEPSTAKES BALLSBRIDGE, DUBLIN 4, IRELAND T + 353 1 660 4300 LIMERICK ENTERPRISE CENTRE, MOYLISH PARK LIMERICK, IRELAND T +353 61 325 600 www.bridgewatermcg.com [email protected]
Images used in this presentation are available free of charge from http://www.sxc.hu if image number is provided. Others have been purchased from various sources.