Course Code 18 THE SUCCESSFUL BUSINESS PLAN ELECTIVE Basic concepts of Entrepreneurship L T P C Core/Elective 4 4 Pre-requisite Syllabus Version 2020-21 Course Objectives: The main objectives of this course are: 1. To dedicate enough time for planning, create goals and evaluate performance. 2. To deal with change. 3. To Maintain a healthy cash flow. Expected Course Outcomes: On the successful completion of the course, student will be able to: Develop the ability to discern distinct entrepreneurial traits 1 K3 Know the parameters to assess opportunities and constraints of 2 K4 new business ideas Understand the systematic process to select and screen 3 K5 business ideas 4 Design strategies for successful implementation of ideas K6 Write a business plan 5 K6 K1 - Remember; K2 - Understand; K3 - Apply; K4 - Analyze; K5 - Evaluate; K6 - Create Unit:1 STARTING THE PROCESS 10 hours Starting the Process – The Successful Business - Getting Your Plan Started - Making Your Plan Compelling Unit:2 BUSINESS PLAN COMPONENTS 10 hours Business Plan Components – The Executive Summary - Company Description - Industry Analysis and Trends - Target Market – Competition - Strategic Position and Risk Assessment - Marketing Plan and Sales Strategy – Operations - Technology Plan. Management and Organization - Community Involvement and Social Responsibility - Development, Milestones, and Exit Plan - The Financials - The Plan„s Appendix. Unit:3 IMPLEMENTING THE PLAN 10 hours Putting the Plan to Work – Preparing, Presenting, and Sending out Your Plan - Looking for Money - Using Your Plan for Classes and Competitions - Internal Planning for Existing Businesses and Corporations - Time Saving Tips. Unit:4 SPECIAL CONSIDERATION 10 hours Special Considerations – Considerations for Internet ― e-businesses - Considerations for Retailers -Considerations for Manufactures - Considerations for Service Businesses -Business Planning in a Weak (or Strong) Economy Unit:5 OUTLINE OF BUSINESS PLAN 10 hours Outline of a Business Plan. Business Terms Glossary - Funding Sources - Research Sources – Entrepreneur‟s Sources – Index - Sample Plan – Cover Letter - Executive Summary -Company Description - Industry Analysis and Trends - Target Market - The Competition Strategic Position and Risk Assessment - Marketing Plan – Operations - Technology Plan - Management and Organization - Community Involvement and Social Responsibility Development, Milestones & Exit Plan - Income Statement - Three Year Projection - Income Statement - Annual Cash Flow Projection - Balance Sheet - Sources and Uses of Funds Assumption Sheet. Unit:6 CONTEMPORARY ISSUES Expert lectures, online seminars - Webinars Total Lecture Hours Text Book(s) 1 Abrams, Rhonda, „Successful Business Plan‟ , 2 Jason Fried & David Heinemeer Hansson , „Rework‟Reference Books 1 2 Marty Cagan,Inspired: How to Create Products Customers Love Steve Johnson, „Where Good Ideas Come From‟ Related Online Contents [MOOC, SWAYAM, NPTEL, Websites etc.] 1 https://swayam.gov.in/nd1_nou20_mg35 2 https://www.entrepreneur.com/article/175242 Course Designed By: Dr. D Kalpana 2 hours 52 hours