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Business Plan XVD Feb15

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Xerxes V. Dastur
Xerxes V. Dastur

This document outlines the key components and importance of a business plan. It discusses that a business plan serves as a framework to help a business achieve its goals and benchmarks. The business plan is also a selling document that conveys the promise of the business to potential backers. Key components of an effective business plan include detailing the product or service, organizational structure, financial plans, statutory compliances, risk assessment, marketing strategy, management team, and production plans. Regular reviews and course corrections are important to help ensure the business plan remains realistic and effective.

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Business Plan XERXES V DASTUR PARTNER V.S.DASTUR &CO. 07-02-2015
What is a Business Plan ? A Business plan is a detailed document that serves as the framework charting the course for an enterprise to achieve desired benchmarks and goals within a pre-planned time frame .
Importance of a Business Plan A Business Plan is a Selling Document that conveys the excitement and promise of your business to any potential backers and stakeholders .
Objectives of a Business Plan. To sell yourself on the business To obtain bank financing To obtain investment funds To establish strategic alliances To obtain initial contracts To attract key employees To assist in the completion of mergers and acquisitions To motivate and focus your management team
Business Plan Milestones
Types of Business Plans Introduction Plan Plan at the time of introducing a business . Benchmarks organizations Goals . It is the Basis for future organization planning . Addresses Core market issues . Aims at a strong foundation . Long Term Plan Usually for a period of 10 or more years . Emulates the organizational goals into strategy . Takes future market expectation into consideration . It is flexible and evolving but determines short term plans . Short Term Plan Usually annual. Specific Goals for the year are determined. Compared with actuals and course correction . Plans are determined on the basis of Long term and introduction Plans .
Components of a Business plan: Concept of product and service to be provided . Organizational set up and resources . Investing & Financing Plans. Statutory Compliances. Risk assessment. Marketing plan. Development Plan. Production or operation plan. Management team and key resource personnel.
Concept of product/ service to be provided . A product or a service is the lifeline of an organization .It is the primary determinant of an enterprise's Growth and wellbeing .
Concept of product/ service to be provided . A product or a service is the lifeline of an organization .It is the primary determinant of an enterprise's Growth and wellbeing . Identify the product or service that would fulfill a human need . Concentrate on technical details ,quality and sophistication . Chart out Standard Operating Procedures . Identify Key markets and scale of business. Carry out several test checks and runs before you launch a new product.
Organizational set up and resources . Every Start-up has to make a primary long term decision regarding its organizational set. Several factors should be kept in mind to choose a right set up.
Organizational set up and resources . Every Start-up has to make a primary long term decision regarding its organizational set. Several factors should be kept in mind to choose a right set up. Scale of Production Investment in plant and machine tools required . Degree of technical knowhow required . Money value of intellectual property ,patents, copyright and goodwill. Expected investors . Normal Market practices .
Investing & Financing Plans. All businesses require a robust and accurate Financial plan .Investment and financial structures form the corner stone of a successful business. Budgets, cash flow ,MIS are part of all organizations.
Investing & Financing Plans. All businesses require a robust and accurate Financial plan .Investment and financial structures form the corner stone of a successful business. Budgets, cash flow ,MIS are part of all organizations. Prepare Budgets for the financial stability of the organization. Create a plan that would have favorable debt equity ratio . Plan must aim at greater working Capital Turns . Factor in opportunity costs and time value of Money . Do not leave funds idle . Make the best of what you have .
Statutory Compliances. Statutory Compliances are mission critical to the very existence and growth of an Entity it is the Law of the land that has to be Adhered to .
Statutory Compliances. Statutory Compliances are mission critical to the very existence and growth of an Entity it is the Law of the land that has to be Adhered to . Tax Implication on the entity Compliances with Labour Laws Compliance with Companys act. Shops and Establishment related laws . Compliance with SEBI requirements listing agreements . Compliance with RBI requirements.
Risk assessment. Risk is an inevitable part of any business model .The ability to manage risk gives is the most important element of a plan .
Risk assessment. Risk is an inevitable part of any business model .The ability to manage risk gives is the most important element of a plan . Identify Risk Carry out SWOT Analysis to understand the weaknesses and threats . Insure against risk of Flood ,Fire and inflammables . Foresee market risks . Control risk of data /design theft . Introduce Internal controls ,checks and audits . Devise a backup plan .
Marketing and Development Plan. Marketing is a key function that propounds the growth of all business entities. It helps the business to evolve as per the needs of the business .
Marketing and Development Plan. Marketing is a key function that propounds the growth of all business entities. It helps the business to evolve as per the needs of the business . Identify appropriate positioning of product life cycle . Identify a detailed promotion and advertising strategy . Create an effective marketing budget . Provide for research and development expenses . Identify and review the strategy to ensure costs are covered .
Management team and key resource personnel. Dedicated, enthusiastic and experienced Human resources helps an organization to function smoothly .Manpower planning is one of the greatest challenges for any enterprise . Important to place the Right man in the right Job . Opportunities for training and self development are very important for any organization . Staffing function planning and salary structuring are essential activities . Detailed organizational chart is an essential plan .
Keep in mind Keep it simple . Plan should be realistic . Document your plan . Plan requires a dedicated review and course collection . Planning is a long term investment . Planning is a synergy of all functions.
Thank you

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Business Plan XVD Feb15

  • 1. Business Plan XERXES V DASTUR PARTNER V.S.DASTUR &CO. 07-02-2015
  • 2. What is a Business Plan ? A Business plan is a detailed document that serves as the framework charting the course for an enterprise to achieve desired benchmarks and goals within a pre-planned time frame .
  • 3. Importance of a Business Plan A Business Plan is a Selling Document that conveys the excitement and promise of your business to any potential backers and stakeholders .
  • 4. Objectives of a Business Plan. To sell yourself on the business To obtain bank financing To obtain investment funds To establish strategic alliances To obtain initial contracts To attract key employees To assist in the completion of mergers and acquisitions To motivate and focus your management team
  • 6. Types of Business Plans Introduction Plan Plan at the time of introducing a business . Benchmarks organizations Goals . It is the Basis for future organization planning . Addresses Core market issues . Aims at a strong foundation . Long Term Plan Usually for a period of 10 or more years . Emulates the organizational goals into strategy . Takes future market expectation into consideration . It is flexible and evolving but determines short term plans . Short Term Plan Usually annual. Specific Goals for the year are determined. Compared with actuals and course correction . Plans are determined on the basis of Long term and introduction Plans .
  • 7. Components of a Business plan: Concept of product and service to be provided . Organizational set up and resources . Investing & Financing Plans. Statutory Compliances. Risk assessment. Marketing plan. Development Plan. Production or operation plan. Management team and key resource personnel.
  • 8. Concept of product/ service to be provided . A product or a service is the lifeline of an organization .It is the primary determinant of an enterprise's Growth and wellbeing .
  • 9. Concept of product/ service to be provided . A product or a service is the lifeline of an organization .It is the primary determinant of an enterprise's Growth and wellbeing . Identify the product or service that would fulfill a human need . Concentrate on technical details ,quality and sophistication . Chart out Standard Operating Procedures . Identify Key markets and scale of business. Carry out several test checks and runs before you launch a new product.
  • 10. Organizational set up and resources . Every Start-up has to make a primary long term decision regarding its organizational set. Several factors should be kept in mind to choose a right set up.
  • 11. Organizational set up and resources . Every Start-up has to make a primary long term decision regarding its organizational set. Several factors should be kept in mind to choose a right set up. Scale of Production Investment in plant and machine tools required . Degree of technical knowhow required . Money value of intellectual property ,patents, copyright and goodwill. Expected investors . Normal Market practices .
  • 12. Investing & Financing Plans. All businesses require a robust and accurate Financial plan .Investment and financial structures form the corner stone of a successful business. Budgets, cash flow ,MIS are part of all organizations.
  • 13. Investing & Financing Plans. All businesses require a robust and accurate Financial plan .Investment and financial structures form the corner stone of a successful business. Budgets, cash flow ,MIS are part of all organizations. Prepare Budgets for the financial stability of the organization. Create a plan that would have favorable debt equity ratio . Plan must aim at greater working Capital Turns . Factor in opportunity costs and time value of Money . Do not leave funds idle . Make the best of what you have .
  • 14. Statutory Compliances. Statutory Compliances are mission critical to the very existence and growth of an Entity it is the Law of the land that has to be Adhered to .
  • 15. Statutory Compliances. Statutory Compliances are mission critical to the very existence and growth of an Entity it is the Law of the land that has to be Adhered to . Tax Implication on the entity Compliances with Labour Laws Compliance with Companys act. Shops and Establishment related laws . Compliance with SEBI requirements listing agreements . Compliance with RBI requirements.
  • 16. Risk assessment. Risk is an inevitable part of any business model .The ability to manage risk gives is the most important element of a plan .
  • 17. Risk assessment. Risk is an inevitable part of any business model .The ability to manage risk gives is the most important element of a plan . Identify Risk Carry out SWOT Analysis to understand the weaknesses and threats . Insure against risk of Flood ,Fire and inflammables . Foresee market risks . Control risk of data /design theft . Introduce Internal controls ,checks and audits . Devise a backup plan .
  • 18. Marketing and Development Plan. Marketing is a key function that propounds the growth of all business entities. It helps the business to evolve as per the needs of the business .
  • 19. Marketing and Development Plan. Marketing is a key function that propounds the growth of all business entities. It helps the business to evolve as per the needs of the business . Identify appropriate positioning of product life cycle . Identify a detailed promotion and advertising strategy . Create an effective marketing budget . Provide for research and development expenses . Identify and review the strategy to ensure costs are covered .
  • 20. Management team and key resource personnel. Dedicated, enthusiastic and experienced Human resources helps an organization to function smoothly .Manpower planning is one of the greatest challenges for any enterprise . Important to place the Right man in the right Job . Opportunities for training and self development are very important for any organization . Staffing function planning and salary structuring are essential activities . Detailed organizational chart is an essential plan .
  • 21. Keep in mind Keep it simple . Plan should be realistic . Document your plan . Plan requires a dedicated review and course collection . Planning is a long term investment . Planning is a synergy of all functions.