Series of posts on Business Plan

Innovation in health care in many ways

Makati City
May 24, 2016

Writing a Winning Business Plan. Business Plan Format, Start your Business by Planning it from Jorge Saguinsin

Many students wrote in the learning agreements that they wanted to learn how to do a business plan. I refused to teach the subject when colleagues told me to do away with business plan writing so that I could submit my grades within 7 days after the end of the term.  I believe that a BP is sine qua non of Entrepreneurship.  The thing is in this school, writing a BP a graduation skill, is lacking in many of the graduates (This is observed in Strama defense when students are attacked on the business model and concept, business objectives)

And so since we have to write the business plan within the next 13 sessions, I have do a lot of hand holding and mentoring. I am writing this series of posts to guide our students gain an immediate handle on how to write a business plan.



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

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                                                                 20 points
10   Financial Projections                                                                   10 points
11. Compliance with regulations and exit strategy                              5 points

Creating winning business plan(2) from Jorge Saguinsin