Students’ Guidelines for Participation
A. How to Write a Simple Business Plan
Almost all new businesses need a business plan in order to successfully move from start up to established business. But a business plan doesn’t have to be long or take months to write in order to be a useful tool for small business owners.
This exercise provides a quick and relatively painless start to the business planning process by asking you a series of questions about your business, your goals and your future plans. The end result is a streamlined and brief business plan that you can use as is or as a starting points for a more traditional business plan.
While this is meant to be a shortcut to creating a traditional business plan, it is not meant to be one-size-fits-all. This means you will need to gather information that is individual to your business in order to create a plan that is truly useful for you. Be prepared to do some research into the industry and the competition, while having a
clear understanding of your business goals and finance.
Points to be covered in Business Plan Presentation
Outline the vision you have for your business by answering these questions: what are you creating? What value your plan will provide to customer? What will your business look like one year, three years, and five years?
What is your Mission? Why are you starting this business, and what is the purpose?
Write down your business strategies by answering these questions: How are you going to build your business? What will your product and service? What is your client profile? How you will reach them? What is your unique selling proposition (i.e., what makes your business different from the competition)?
What technology and process you plan to adopt? How will you measure success in
achieving your goals?
5. Start-up capital
What is the total start up capital investment you will need to launch your business? (Land, build & machinery and working capital) How you plan to raise this capital?
What do you estimate your business’s ongoing monthly expenses will be immediately
after launch in one year?
What do you anticipate your business’s ongoing monthly income will be immediately
after launch in one year? (Revenue minus expenses) do you think it is adequate?
8. Action plan
Create an action plan by answering: what are the specific action items and tasks you
need to complete now? What are your future milestones? What will need to be
accomplished by those milestones in order to meet your objectives?
You may make PowerPoint presentation not more than 10 slides to be supported by
your verbal presentation to team of experts judging your business plan.
How to participate:
- 1. Registration by mail or in personal.
- 2. Business plans may submit by individuals or by teams.
- 3. There must not be more than 4 in a team.
- 4. Executive summary, containing the expansion of concepts outlined must be sent through, e-mail on or before and the selected plans will be intimated through e-mail.
- 5. The subject of the e-mail should bring soft copy in CD and hard copy while attending competition.
Judging criteria to competition:
The following criteria will be the main points of focus, upon which your business plan
will be judged. It is important to adequately address each of these criteria, in order to
successfully present a well-rounded business plan.
- » Focus
- » Uniqueness and economic feasibility
- » Ability to protect intellectual property, technology
- » Evidence of customer acceptance and market targeting
- » Proposed use of financial resources
- » Expertise and abilities of the team
- » Growth relating to job creations and revenue projections
For the individual team who will be given the opportunity to present their plans, a key
differentiating factor will be the quality of the presentation.