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Plan 2

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LABU2060

BUSINESS PLAN II
By the end of this lesson, you will be able to:
• review the progress of your innovation so
far;
LEARNING • understand the requirements for the Market
OUTCOMES Analysis section of your Business Plan;
• understand the requirements for the
Execution section of your Business Plan.
TODAY’S FOCUS

EXECUTIVE SUMMARY​
INTRODUCTION ​
THE OPPORTUNITY AND
INNOVATION​
MARKET ANALYSIS​
EXECUTION​
MANAGEMENT
TIMELINE​
FINANCIAL PLAN​
CONCLUSION​
RECOMMENDATIONS​
YOUR BUSINESS PLAN SO FAR
By now your team should be able to account
for:
• the general social issue that needs to be
INTRODUCTION addressed.
• the general idea of the intended platform
and functions, services, products of your
idea to address this issue.
THE OPPORTUNITY AND INNOVATION

Your team should also have a good idea of the following.


• specific demographics to appeal to
• the specific needs for that market(s) for your idea
• evidence to support this opportunity

You should also know the specific features and business model of your
innovation and services/ products that it provides your intended user(s).

Your team will submit a draft of this section by 12 noon, Friday, April 14.
MARKET ANALYSIS

Your team should also have a fairly clear awareness of:


• the user/customer of your idea,
• the demographics of this group(s),
• the current size of this group(s),
• the projected size of this group(s) in the future,
• the competitors (direct/indirect) to your innovation, and
• the competitive advantage of your idea over the competition.

Your team will submit a draft of this section by 12 noon, Friday, April
28.
In your teams, review the Market Analysis
section for Empower.
Does it include the following?
• The current size of the market(s)
TASK 1: SAMPLE
MARKET • A projection of sustainability and/or growth
ANALYSIS • Similar services/ products
• Competitive advantage
What could be improved?
The Execution section of your Business Plan
accounts for the resources/ collaborations
needed to launch your innovation.
• The help you might need with
development
• The help you might need with logistics
EXECUTION • The help you might need with facilities
• The help you might need with marketing
• The internal resources that your SE has
These ideas will be important for the
Investment and Use of Funds section of your
Pitch.
TASK 2: YOUR EXECUTION

In your teams, begin identifying the Execution of your innovation.


⬝ Development
⬝ Logistics
⬝ Facilities
⬝ Marketing
⬝ In-house resources
HOMEWORK

Continue identifying the Execution of your


innovation.
Begin thinking about the total amount of
investment that you would need.
Begin finalizing how your idea makes money.
Submit your team’s draft of the Opportunity
and Innovation section by 12 noon, Friday,
April 14.

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