Bizcamp Galway 2011

Donncha Hughes

‘Ten challenges to help your business plan succeed’

Books to help you plan your business and write your business plan

1. Have you presented and structured your document correctly?

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2. Does the business plan briefly outline the origins and progress to date of the business?

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3. Does the BP outline the ‘burning problem’ experienced by your target customer?

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4. Is your solution clearly detailed –encapsulating the UVP for the customer?

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5. Does the plan encapsulate your key sustainable competitive advantage?

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6. Does your plan articulate and support your vision and growth plans?

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7. Has a credible and proven ‘Business Model’ been presented?

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8. Does the ‘Management Team’ inspire confidence?

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9. Do your assumptions and detailed financial projections stand up to serious scrutiny?

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10. Have you written a compelling Executive Summary?

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Review of your business plan by Independent mentors is invaluable before circulation

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Structured challenges for your Business Plan

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Output of Business Challenger

Business Challenger distils feedback from business experts on business plans into:

• A 3D Score

• Detailed Section by Section feedback for business promoters.

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5 QUIZ QUESTIONS To finish

1. The most common and biggest mistake made by entrepreneurs is not having sufficient money?

True

False

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2. The primary reason to prepare a business plan is to create a tool to deal with investors and financing sources?

True

False

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3. You should write your Executive Summary before you write the rest of your business plan?

True

False

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4. If you are planning to open a doughnut shop, it would be a good marketing strategy to sell ice cream during the summer when the doughnut business slows down?

True

False

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5. You can see the Great Wall of China from Space?

True

False

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TO SUBMIT

@Donnchadhh

#BusinessChallenger #Bizcamp

1. False 2.False 3.True 4.False 5. True

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DUBLIN ALEXANDRA HOUSE, THE SWEEPSTAKES BALLSBRIDGE, DUBLIN 4, IRELAND T + 353 1 660 4300 LIMERICK ENTERPRISE CENTRE, MOYLISH PARK LIMERICK, IRELAND T +353 61 325 600 www.bridgewatermcg.com info@bridgewatermcg.com

Images used in this presentation are available free of charge from http://www.sxc.hu if image number is provided. Others have been purchased from various sources.