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    This document provides guidance on writing a business plan, including prerequisites, building blocks, and key components to cover. The prerequisites include picking a skill, defining the task, finding necessary people, and assessing risks. The building blocks are the key points to include in a pitch: the idea, how it will be conceived, required resources, revenue/commercialization model, growth plan, and exit plan. Key components discussed in more detail include developing the idea, converting thoughts into a plan with deadlines and feedback, defining required resources like team, finances, and space, determining the revenue model based on products/services and customers, planning for growth through iterations and funding, and considering exit plans if losing money or being acquired by a larger player

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    This document provides guidance on writing a business plan, including prerequisites, building blocks, and key components to cover. The prerequisites include picking a skill, defining the task, finding necessary people, and assessing risks. The building blocks are the key points to include in a pitch: the idea, how it will be conceived, required resources, revenue/commercialization model, growth plan, and exit plan. Key components discussed in more detail include developing the idea, converting thoughts into a plan with deadlines and feedback, defining required resources like team, finances, and space, determining the revenue model based on products/services and customers, planning for growth through iterations and funding, and considering exit plans if losing money or being acquired by a larger player

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    20 views11 pages

    Entrepreneurship: Sample Business Model

    Uploaded by

    Homesick Tutors
    This document provides guidance on writing a business plan, including prerequisites, building blocks, and key components to cover. The prerequisites include picking a skill, defining the task, finding necessary people, and assessing risks. The building blocks are the key points to include in a pitch: the idea, how it will be conceived, required resources, revenue/commercialization model, growth plan, and exit plan. Key components discussed in more detail include developing the idea, converting thoughts into a plan with deadlines and feedback, defining required resources like team, finances, and space, determining the revenue model based on products/services and customers, planning for growth through iterations and funding, and considering exit plans if losing money or being acquired by a larger player

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    of 11

    Entrepreneurship

    SAMPLE BUSINESS MODEL


    Writing a Business Plan
    Prerequisites that you should complete:

    1. Pick your skill


    2. Define your task in the project
    3. Find out the people that you need
    4. Calculate your risk taking capacity in terms of Time and Money
    5. Conduct a survey of Service or Product that you want to provide
    Building Blocks
    These represent the points that you need to include in your pitch

     Idea
     How will you conceive it
     Resources required to complete the task
     Mode of Revenue / Commercilaization
     Growth Plan
     Exit Plan
    Idea

     Whenever you define your idea avoid using “AND”

     Test it yourself with SWOT analysis

    Strength of your business


    Weakness of your business
    Opportunity when is it the right time
    Threat form the competition
    How will you conceive it?
    “An Idiot with a plan can defeat a genius without a plan.”
    Warren Buffet

    Converting your thoughts into reality:


     Write down “Your” plan
     Is your skill enough to complete the task?
     Does it fit in your risk taking capacity?
     Schedule your plan e.g. 1 week, 1month or 1 year deadline
     Have a feedback loop
     Network with people. After few iterations you will find the right team.
    Resources required to complete the
    task
    A)Define your team as in Who and How many will handle:
     Technology
     Sourcing / Logistic
     Networking
     Marketing Survey
     Test group feedback

    B) Finance to build the prototype

    C) Place of operation
    Mode of Revenue
    This step is known as Depends on:

     Either you are providing a Product or a Service


     You are selling B2B or B2C
     What is your expected Break Even
     Customer Segment divided as per Numbers or Pricing
     Competition Pricing
     The percentage of profit that you have set for yourself
    Growth
    Growth comes in at the 3rd Stage of a Start Up
    1. Product Testing 2. Commercialization 3. Growth

    And it depends on:


     Business Model Iteration
     Financial Acumen
     Customer Feedback
     Collaborations
     Raising Funds
     Product or Service iteration
    Exit Plan
    Exit plans are of two types ethically
    1. You are loosing and you decide to contain your losses and sell your business to
    someone for an exchange of Funds in Kind or Cash
    2. You see an opportunity where your business if growing and there is a bigger
    player who can buy it, give provide you enough funds or resources to either
    retire or start a new business. This type of Entrepreneur is called a Serial
    Entrepreneurs
    The 1st kind is never planned for
    The 2nd kind only comes into existence when your business is in Growth Stage
    Examples from your class
    Roll No. Idea
    5026 Digital Marketing
    5042 Biodegradable Products
    5009 Ambulance Services For Bringing your ideas to life, you can
    write to me:
    5027 Subject(Chemistry) related service
    5040 Nostril Filters info@sandglassinnovationlab.com
    5023 Paper / Cardboard from waste crop
    5031 Computer Gaming For some info you can visit
    5045 Free Edcuation
    www.sandglassinnovationlab.com
    5914 Process Designing
    5035 Water Purification
    5028 Parking Issue
    5007 Connectivity between Industries
    5912 Teach people about Art
    Thank You !!

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