What me Plan?
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The document is a presentation by Sabrina Parsons on business planning. It discusses the importance of having a business plan and walking through the key steps to develop one, including performing a situation analysis, developing a strategy, and creating a detailed plan with financial projections. The presentation emphasizes that the business plan is a process, not just a document, and the completed plan should be measurable, specific, realistic and simple in order to ensure successful implementation.
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What me Plan?
- 1. What? Me Plan? Sabrina Parsons CEO sabrina@paloalto.com September 20, 2008 Oregon Small Business Fair
- 2. Logistics This presentation is downloadable: mommyceo.wordpress.com Email me at: sabrina@paloalto.com Business plan website: www.bplans.com Software website: www.paloalto.com Copyright 2005 Sabrina Parsons All Rights Reserved
- 3. Introductions Participants Sabrina Parsons Copyright 2005 Sabrina Parsons All Rights Reserved
- 4. Control Your Destiny Copyright 2005 Sabrina Parsons All Rights Reserved
- 5. Why Plan? Copyright 2005 Sabrina Parsons All Rights Reserved You are here now You want to go here
- 6. It’s a Process, Not Just a Plan Copyright 2005 Sabrina Parsons All Rights Reserved
- 7. Step 1: Situation Analysis Copyright 2005 Sabrina Parsons All Rights Reserved Situation Strategy Plan
- 8. Ideas vs. Opportunities Copyright 2005 Sabrina Parsons All Rights Reserved
- 9. Know Your Market Copyright 2005 Sabrina Parsons All Rights Reserved
- 10. What, Who, and How Many Copyright 2005 Sabrina Parsons All Rights Reserved
- 11. What’s the Problem? Copyright 2005 Sabrina Parsons All Rights Reserved Market Needs And What’s Your Solution?
- 12. Understand Market Segmentation Copyright 2005 Sabrina Parsons All Rights Reserved Laggards Early Adapters Opinion Leaders
- 13. Do Your Homework Copyright 2005 Sabrina Parsons All Rights Reserved
- 14. Simple Potential Market Copyright 2005 Sabrina Parsons All Rights Reserved
- 15. Keys to Success Copyright 2005 Sabrina Parsons All Rights Reserved
- 16. Competitive Advantage Copyright 2005 Sabrina Parsons All Rights Reserved Lowest Price! Always! We Will Match Anybody! Free parking! Technical Excellence
- 17. Step 2: Strategy Copyright 2005 Sabrina Parsons All Rights Reserved Situation Strategy Plan
- 18. Strategy is Focus Copyright 2005 Sabrina Parsons All Rights Reserved The more priorities or key points included... The less likelihood of implementation... Focus
- 19. Strategy is Tailored Copyright 2005 Sabrina Parsons All Rights Reserved
- 20. Strategy is Realistic Copyright 2005 Sabrina Parsons All Rights Reserved
- 21. Step 3: The Plan Copyright 2005 Sabrina Parsons All Rights Reserved Situation Strategy Plan
- 22. Make it Concrete and Specific Copyright 2005 Sabrina Parsons All Rights Reserved
- 23. The Standard Outline Copyright 2005 Sabrina Parsons All Rights Reserved Executive Summary Company Description Product/Service Description Market Analysis Strategy/Implementation Summary Management Team Financial Plan History Ownership Start-up Plan Start-up Costs Location Facilities Target Market Market Growth Segmentation Market Trends Market Forecast What you sell Description Benefits Features Sourcing Technology Marketing Strategy Sales Forecast Milestones Activities Organization Key Team Members Management Gaps Personnel Plan Funding Strategy Profit & Loss Cash Flow Balance Sheet Mission Vision Objectives Keys to Success
- 24. Tailor the Outline for Your Needs Copyright 2005 Sabrina Parsons All Rights Reserved Executive Summary Company Description Product/Service Description Market Analysis Strategy/Implementation Summary Management Team Financial Plan
- 25. Objectives Must be Measurable Copyright 2005 Sabrina Parsons All Rights Reserved
- 26. Do the Numbers Copyright 2005 Sabrina Parsons All Rights Reserved Sales Forecast Personnel Plan Profit or Loss Past Results Balance Sheet
- 27. Profits ≠ Cash Copyright 2005 Sabrina Parsons All Rights Reserved
- 28. Copyright 2005 Sabrina Parsons All Rights Reserved
- 29. Copyright 2005 Sabrina Parsons All Rights Reserved
- 30. Business Plans vs Tax Accounting Copyright 2005 Sabrina Parsons All Rights Reserved
- 31. Educate Your Guesses Copyright 2005 Sabrina Parsons All Rights Reserved
- 32. Sample Milestones Copyright 2005 Sabrina Parsons All Rights Reserved
- 33. Step 4: Make it Happen Copyright 2005 Sabrina Parsons All Rights Reserved
- 34. Measure a Plan by its Implementation Copyright 2005 Sabrina Parsons All Rights Reserved Your bank account --- Your bank account, if there had been no plan Value of the business plan
- 35. The Complete Planning Process Copyright 2005 Sabrina Parsons All Rights Reserved Follow-up Actions Results Plan Realistic Specific Simple
- 36. Thank You This presentation is downloadable at : mommyceo.wordpress.com Email me at: sabrina@paloalto.com Business plan website: bplans.com Software website: paloalto.com Copyright 2005 Sabrina Parsons All Rights Reserved
- 37. End of Presentation Additional slides background only
Editor's Notes
- http://www.bplans.com/dp/