Monday, May 30, 2016

Notes comments on submission of concepts/drafts for Business Plan

Innovation in health care in many ways

Ateneo Professional Schools
Makati City  May 30, 2016

Thank you for the submission of your business plan concept, drafts.  It is heartwarming that the majority of the class (with the exception of those who were absent twice) have submitted. That means many will be able to comply/submit a major requirement of the course and that all are focused and enthusiastic in our mission to submit a business plan

Here are my comments:

1.  The choice of topic (and some have multiple topics) depend on your priority, your budget/resources available (if you really intend to pursue the business plan) If you have zillions available and you can show me your credit line/passbook, then go for it.

2.  Discern also if your proposed plan will just fall into a new idea or a process improvement.  The business plan that we are thinking of has threshold of P3 million, and you must be able to show an ROI and financials

3.  Please read/follow the posts on business planning, business concept, business objectives (VMOKRAPI) and business models for more information

4.  The format contents of the BP has to comply with the one prescribed by the course for ease of grading.  (Dra Katrina's submission followed the format

Allow me to repost:  from  Business Plan series

Definition

A business plan is a document that defines business objectives of a new or about to be turned around existing business and strategie- s (activities and resources to be used) to attain such objectives.  It includes the organization, the market study, the product, the customer, and financial projection on how the objectives are to be met.  From Investopedia

As in any major paper:  strama, thesis, etc. the burden of proof to show that the plan will work, the objectives can be met is on  the writer, proponent who must do intensive research analysis and proving.   You have to present a winning, innovative winning case:  a winning business plan (This should be like the way you did the crime planning, well thought of and detailed/meticulous

Contents of a business plan and their weights in grading

1. Business concept and business model                                             10 points
2.  Executive Summary                                                                        5 points
3. Business Objectives -  VMOKRAPI                                                  10 points
4.  Organization  Technical, Financial and Middle Management                 5 points
5.  External Environment:  Macro and Micro Market                               10 points
6.  Product Customer                                                                            5 points
7.  Sales projection                                                                              10 points
8.  Operations (how to produce the product or service                            10 points
9.  Strategy         SPATRES    (enterprise delivery system                     20 points
10   Financial Projections                                                                   10 points
11. Compliance with regulations and exit strategy                                  5 points 

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