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Supporting Small Business Growth in the Innovation Economy Start-Up Business Session 2 – Business Plan Summary.

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Presentation on theme: "Supporting Small Business Growth in the Innovation Economy Start-Up Business Session 2 – Business Plan Summary."— Presentation transcript:

1 Supporting Small Business Growth in the Innovation Economy Start-Up Business Session 2 – Business Plan Summary

2 Research and Self Assessment Needs Assessment What is my market? What is happening in the market? Is what is happening creating a need? Does my idea meet that need? Personal Assessment Is this the right time? Am I the right person? Is the right place? Whether you think you can, or you think you can't- you're right you're right. — Henry Ford

3 Research and Self Assessment Needs Assessment Ideas Let’s talk about it… Survey Monkey… Beta Test… https://www.economy.com/freelunch/ Personal Assessment Ideas Moonlight… Shadow… Role Play… https://eweb1.sba.gov/cams/training/business_primer/assessment.htm

4 Questions and Answers

5 Planning Why you should plan Risk / Reward Personal and Business Assessment Me, We, ‘nem Aptitude - Training or Attitude - Passion Business concept R&D Blind Spots Market feasibility / Financial Feasibility Entry, Market Share, Innovation… Revenue, Cost to serve, Profit Margins… If you fail to plan, you are planning to fail! — Benjamin Franklin

6 Planning Uninspire d

7 Questions and Answers

8 The Elevator Pitch Who I am What I have to offer The problem I solve The contributions my solution make What I need from you… … Excuse me, uhh… could you please, uhh… — Chris Rock

9 Questions and Answers

10 Please complete workshop evaluation form


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