How to Create a Business Plan (Workshop at IIT Roorkee)
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Transcript of How to Create a Business Plan (Workshop at IIT Roorkee)
![Page 1: How to Create a Business Plan (Workshop at IIT Roorkee)](https://reader033.fdocuments.in/reader033/viewer/2022061216/54b30f284a79594d798b45a6/html5/thumbnails/1.jpg)
www.digitalvidya.com
How to create a Business Plan?
Pradeep Chopra
Co-founder, Digital Vidya
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www.digitalvidya.com
Plans are _______
Planning is _______
useless
priceless
- Dwight Eisenhower
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www.digitalvidya.com
Why Business Plan?
• Operating and Financial Plan• Your map and compass for the future• Sell yourself on your business• Sales Pitch
– Investors– Partners– Customers– Employees
• MAKE MORE MONEY
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www.digitalvidya.com
Key Elements of a Business Plan
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Executive Summary
• Concise Explanation how
Present =====> Future• Most Important Part• 5 Mins Test• 1-2 Pages Long• Written LAST
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www.digitalvidya.com
Company
Describe in 1 sentence how your business proposition is valuable to
mankind
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www.digitalvidya.com
The Core Team
Names of the Members of the core team
Skill Set & Previous Experience
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www.digitalvidya.com
Customer Perspectives
Who are your customers? Define their Pain Areas and how your business will address them.
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www.digitalvidya.com
Market Size
Define market size in terms of current spending and acquirable market.
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www.digitalvidya.com
Value Proposition
Define company/product value proposition. Share any case
studies if available.
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www.digitalvidya.com
Offerings
Describe your product/service (functionalities, IP, tech etc). Show
product development roadmap.
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www.digitalvidya.com
Business Model
Revenue Model & Pricing
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Sales & Marketing
How will you acquire customers and build brand?
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Kogi Korean BBQ Taco Truck
Blog + Flickr + Twitter - 10 people/stop to 800 people/stop
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Competition
Who are they? How will you compete?
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Financials
Cash Flow, Revenues & ProfitsDetailed Short Term (1st Year) & Overview of Long Term (3–5
years)
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www.digitalvidya.com
Start Planning…
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Let’s stay in touch!
Thank You!
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