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Creating a Business Plan

Creating a Business Plan

1h 12mIntermediate2015-09-17

Authors

Mike Figliuolo

Mike Figliuolo

Founder and Managing Director of thoughtLEADERS, LLC

Course details

Looking to build a business or expand one you're already running? You'll need to build a business plan before you do. Experienced entrepreneur and consultant Mike Figliuolo walks through the process of defining your business, researching the market, and determining your product. Once you've figured out what your product or service will be, Mike provides guidance for thinking through your sales strategy, day-to-day operations, staffing, and financial forecasting. A sample business plan is provided, so you can follow along with the development of a real-world company.

Topics include:
Define the problem your business solves.
Determine a product and revenue model.
Build a go-to market strategy.
Describe the components of a product development roadmap.
Explain how to brand and market a product.
List criteria for choosing suppliers.
Identify common pitfalls of business plans.

Skills covered

Business StrategyLimited SeriesBusiness Analysis and StrategyLeadership and Management

Concepts

0. Introduction

  • 01 - What is a business plan

1. Defining Your Business

  • 02 - Why you need a business plan
  • 03 - Define the problem you solve
  • 04 - Size the market
  • 05 - Define your product and solution
  • 06 - Determine your revenue model
  • 07 - Describe why you can win in the market

2. Understanding Your Market

  • 08 - Understand customers and trends
  • 09 - How you rank vs. competitors
  • 10 - Know the threat of substitutes
  • 11 - Build a go-to-market strategy

3. Defining Your Product

  • 12 - Articulate your value proposition
  • 13 - Define points of differentiation
  • 14 - Protect your market
  • 15 - Develop your product
  • 16 - Deliver your product

4. Selling Your Product

  • 17 - Branding and marketing your product
  • 18 - Pricing your product
  • 19 - Selling your product
  • 20 - Supporting your product

5. Running Your Operations

  • 21 - Determine how many people you need
  • 22 - Manage production
  • 23 - Manage suppliers

6. Managing Your Business

  • 24 - Leading the organization
  • 25 - Getting advisors
  • 26 - Compensating leadership
  • 27 - Administration

7. Projecting Your Financials

  • 28 - Financial assumptions
  • 29 - Financial forecasts
  • 30 - Capital requirements
  • 31 - Financial risks
  • 32 - Exiting your business

Conclusion

  • 33 - Business plan pitfalls
  • 34 - Launching the business

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