Startup Talks with Arnab Ray: Recent Episodes
Arnab Ray
Hello, my name is Arnab Ray. Welcome to my podcast. I am an entrepreneur, management consultant, mentor and an early stage investor and deeply involved in the startup ecosystem. Over the last decade I have set up 10 successful ventures under Array Innovative Services including BPlan Experts, PresentationGFX, Vezume, Crazyaboutstartups.com, Xprezio, ilogyx etc. I have created this podcast to share my experiences with fellow and aspiring entrepreneurs. Her I talk about entrepreneurship, startups, technology, design and success mantras. Follow my blog at http://www.arnab.co . Apart from work I am a music enthusiast, avid traveler, foodie and out & out crazy about startups.
One of the most initial and common questions that an entrepreneur face is how to come up with my own startup idea? A lot of you have been asking me, “how do you come up with a startup idea?”. So decided to talk about in structuring different ways you can come up with a startup idea.
Follow my Youtube channel: https://www.youtube.com/arnabarray
My Blog - https://www.arnab.co/
Startup Resources: http://www.crazyaboutstartups.com/
A brief introduction to business planning, process and outline of a business plan. For any queries please feel free to visit one of my ventures at http://www.bplanexperts.com.
Check out by blog at: http://www.arnab.co
Drop in your queries and I would love to answer them.
Today we are going to talk about business planning.
- What is a business plan?
- Why do you need a business plan?
- What are the uses of a business plan?
- How do you write a business plan?
- Process of business planning?
- Sections of a business plan
- Sample business plan
- Business plan outline
What is a business plan?
A business plan is a roadmap for your business implementation.
It outlines your vision, goals and showcases the plan of achieving them.
Why do you need a business plan?
- Analyze the feasibility of your Idea: Helps You Decide to Proceed or Stop
- Planning Improves Your Odds of Success
- Valuable Insights: Helps you improve Your Business
- Helps You Keep on Track
- Communicate your idea
So what are the uses of a business plan?
- Raising Funds
- Communication to stakeholders
- Project Roadmap for structured implementation
So how do create a business plan? What is the process?
- IDEATION & FEASIBILITY - Basic documentation of the idea. Understanding the conceptual feasibility.
- MARKET ANALYSIS - Economic, Industry, Competitor analysis. Understand the opportunity.
- STRATEGY FORMULATION - Draw out the marketing, operation, human resource strategy for your venture.
- FINANCIAL PROJECTIONS - Forecast your costs and sales over the timeline. Understand the start-up expenses.
So what does a typical business plan looks like?
- Executive Summary
- Company Overview
- Products & Services
- Business Model
- Strategies & Tactics
- Milestones
- Startup Expenses
- Financial Statements
- Financial Statements
- Return On Investment
If you need any help with preparing a business plan or an investor deck. You can visit one of my ventures at http://wwwBPlanExperts.com