YourNewBusiness

Title: YourNewBusiness Introduction Likesomanyothersbeforeyou,youhavedecidedtosetupyourownbusiness. . Havinginvestigatedvariousoptions,youhaveconcludedthatyour'idea'isviable,it suitsyou •andcandeveloptobeaninterestingenterprisewithgoodfinancialresults. Yourprojectcanbeassmallorasbigasyouwantto.Similarly,your'idea'doesnothavetobe , 'unique'.Infact youmightconsiderbringinganestablishedserviceorproducttoanewmarketordevelopanexistingconcepttoanewapplication.Itisadvisablethatyouselectathemethatisnottotallyfictitiousorimaginary.Theclosestyouaretoreality,theeasieritwillbeforyoutothinkyourprojectthroughproperlyandpresentittoothers.Ideally,youwantto Presentsomethingthatyouaregenuinelyconsideringasanalternativeforyourfuture. . Whoknows?Maybeitwillhappen! Toget yournewbusinessstarted,youneedtoapproachfinanciersIlendersIinvestorstohelp You raise. The necessary capital for your purposes.Youtherefore needto put togetherabusinessproposalwhichwillincludeacomprehensivebusinessplanandanyotheradditionalmaterialthatwillconvinceyouraudiencetobackyouup.Youshouldbeclearinhowmuch•fundingyouneed,forhow longandhowyouaregoingto paybackinawaythat willbeworthwhileforyoursupporters. It is important that both your presentation and yourwritten proposal cover the subject•adequatelyandinawaythattheygenerate'confidence'inthevalidityofyourarguments.Itisworthkeepinginmindatalltimesthegoldenrule: You+idea+(money/credit+facilities/people)=Product/service•+marketing= Money/credit=Profit 1 Institutionallenderswillberepresentedbyapanelof'experts'whowill receiveyourpresentationandacopyofyourreport.Theroleoftheordinary'investors'willbeplayedby theother membersoftheclasswhowill judgeyourprojectaswell. • OralPresentation Yourpresentationshouldbeabout15minutesandyouareexpectedtohavepreparedslidesonthetopicsofdiscussion.Itwillbefollowedbyquestionsfromthepanelandtheaudience.Youarewelcometobringyourguestsalong,especiallyifyouaretryingtoconvincethemtoinvestinyourbusiness! Layoutofreport: .. Thefollowingheadingsshouldbeused: 1. Titleofassignment(Nameofthebusiness) 2. Yournameandcourse(F/TorP/T) 3. ExecutiveSummary (1 Page) 4. Headingsandsub-headingsasappropriate 5. Appendices(ifany) 6. Few slides of presentation (to convince the customer to buy our product/ service) I need a Word file and a PowerPoint file a) Thereportistobeword-processed,with1½linespacingandthepagesnumbered.. Business plan marketing scheme: Student name……… Business plan title… a- Idea/concept (originally, technology elements & MARK2:play with the Clint before launching)(15 Marks) b- Executive summary (15 Marks) 1 page c- Report Quality / presentation (length, appearance etc.) (10 Marks) d- Report structure, components-chapters (Max 50 Marks)(0-5 mark each) 1- The business objective and related strategy 2- Principal activities, product and history 3- The market, customers and competitive (who is my customer) 4- Research and development 5- The management 6- The basis of operations 7- Major resources requirement 8- Financial information (cash flow) 9- Principal risk 10- The long-term plan for the business e- Detailed financial and appendices (10 Marks)