Business Plan Development
Every business plan should respond the 7MQ…the seven minimum questions:
What is the problem/need your business idea is going to solve?
- How are you going to do it?
- How are you going to create (monetisable) value out of this idea?
- What is the market you are targeting? (and…what’s its size, who they are, what do they do…)
- What is your business model?
- In which industry are you competing? (and…who is already playing in this industry?).
- What do you need to start creating revenue?
Most entrepreneurs, however, need more than an answer for these business questions. In order to make a coherent proposal, a number of personal points should also be clear. Among others:
- How does this business idea fit with you?
- How does your expertise contribute to your venture?
- What are your entrepreneurial skills?
- What are your (not financial) assets?
- How are you going to manage the resources you have? (and…the ones you might receive?)
I know, drafting a viable business plan may be overwhelming. I can help you in different ways:
- – Designing a methodology to validate the opportunity you have identified.
- – Developing a feasible business model.
- – Guiding the way you conduct your market and industry research.
- – Defining milestones and relevant project-management steps, both to develop your plan and to implement it.
- – Identifying your entrepreneurial skills and key personal resources to make a coherent proposal.
- – Double-checking your document against the BPAC – Business Plan Assessment Criteria. A group of 47 criteria that covers every aspect to take into account in a solid business plan. I have developed and validated the BPAC with entrepreneurs, investors and academics.
All in all, the main goal is developing a viable business plan, with sound answers to the 7MQ, and equipped with a coherent personal approach that makes convincing your entire proposal.