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Business Startup

Transcript: The proposal Identifying your target market Types of businesses; Sole Trader Partnership Limited Company Limited Liability Partnership Organisation Other legal aspects to consider Confidence- Well spoken- Willing to speak to new people- Present yourself professionally and prepare- Self-confidence – In small groups, come up with a simple business plan to present to the group in 20 minutes You can use the template provided Our Business Task Business Start up Selling General running Financial aspects that will affect the start-up of a business You will need to create your own terms and conditions: Think of everything that could possibly go wrong, and then think of what you would do in each case; Put yourself in the shoes of your customer, make your terms and conditions user friendly; Terms of trade should be regularly updated. Personal development In 5 minutes, find as many businesses that offer the same service as you in the local area. Based on your findings, try and come up with a unique selling point to offer organisations There is lots of information on how to register as a business on www.gov.uk Skills needed to run a business An example of a start up business is Charming, it is a DIY bracelet service that offers good quality good value custom made charm bracelets. Segments of the market are different groups a business can target Customers are targeted by... Gender Age Geography (rural or urban) Income Residential or commercial Legal liabilities You need to think about the type of insurance you’ll need when starting up your own business. Here are a few insurance types to think about: Professional indemnity insurance; Public liability insurance; Employers’ liability insurance; Bespoke insurance covers. Our proposal is to sell these charm bracelets at break and lunch in the college cafeteria, and also at any events that the college may hold, such as the Christmas fete or open evenings. We would like to sell these bracelets for around £5 each, this would include the charms and the chain for the bracelet. To cover the finances of buying the parts and marketing them, we would each have to put in around £7, this would cover the cost of making 72 bracelets. A group of people who a business targets to sell products to Way for a business to save money Focus marketing resources on one part of the market Subgroup (segment) of the market it targeted A businesses target is who they are likely to sell products to There are several different targeting strategies Undifferentiated – markets are ignored. Differentiated – markets are advertised to in different ways. Focused – a single segment is marketed to. Fill out the questionaire to establish your target market While starting up and running your business you will notice many new things about yourself, this may be that you don't like working in teams with certain people, but you also need to learn from this and maybe become more tolerant of those peoples opinions and ideas. You may also develop a specific taste for one or two parts of the business such as marketing and finance, it is important to develop all of the skills required so that you can become a better business man/ woman. By: William Armstead, Bethany Craven, Sammy Turner, Jamie Wilson, Lewis Marshall, Heather Barlow Identifying target market Trading standards Licences Record keeping Resolving problems National/local laws Regulations and bylaws Health and safety Fire regulations Planning permission, contracts, duties and responsibilities Regulatory bodies Patience- Public speaking – Good problem solving – Self sufficient with accounts and book keeping – Good vision for business- Be commercially aware- Time management- Prioritize workload- Well organised – The legal aspects that will affect the start-up of a business Personal survival budget; Cost of premises; Equipment and supplies; Running costs; Employing staff; Pricing policy; Cash flow forecasting; Profit and loss budgets and accounts; Sources of finance; Record keeping.

STARTUP BUSINESS PLAN PRESENTATION TEMPLATE

Transcript: NET PROFITS Since when ? I AQUISITION COST ON ON LAPTOP iPHONE Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope An investor will have to check your competitive environment before investing. Do not hide it from competitors. FINANCIAL WHO WE Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius EXPLAIN YOUR STRATEGY MARKET I OUR 158 JOHANNA DOE COMPETITION Give details of your income and expenses for the next 3 years. Do something simple but detailed enough to check if your approach is realistic. I GROSS MARGIN Site / product is ready ? Already launched ? FORECASTS OUR ADDRESS ECONOMICS ARE I JEREMY GO PRODUCT MANAGER You already have customers? Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope I 3$ EXPLAIN YOUR STRATEGY SALES INTERNATIONAL STATE PURCHASE / DAY I EXPLAIN YOUR STRATEGY OR DEVELOPER EXPANSION UNIT I CONTACT I Enter here the history of your fundraising, what you plan to lift today, and under what conditions. I I STARTUP I EXPLAIN YOUR STRATEGY PRODUCT Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope SHOW YOUR SHOW SCREENCAST Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius PROJECT SIZE MARKETING MANAGER NEEDS iPAD HELEN SMITH YOUR FINANCIAL HELEN SMITH email@mystartup.com 06 07 08 09 09 I Any investor looking to make at least X10 on each of its investments. It will allow you to demonstrate the size of your market and the size that your company can achieve. PRODUCT LET'S TALK ABOUT EXPLAIN YOUR PRODUCT IN A FEW WORDS " " KEY FIGURES TEMPLATE BY CONTENT BY JEREMIE BERREBI http://www.berrebi.org/2012/01/17/guide-how-to-present-your-startups-pitch-deck/ http://www.prezmaker.com If your service is already running ... how many clients do you have? How much revenue have they generated the last 30 days? The last 12 months? Since the launch of the project? What is your customer / user acquisition cost so far? I 68 12% 13 Item n°3 Lorem ipsum dolor Item n°2 Lorem ipsum dolor Item n°1 Lorem ipsum dolor

STARTUP BUSINESS PLAN PRESENTATION TEMPLATE

Transcript: NET PROFITS Since when ? I AQUISITION COST ON ON LAPTOP iPHONE Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope An investor will have to check your competitive environment before investing. Do not hide it from competitors. FINANCIAL WHO WE Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius EXPLAIN YOUR STRATEGY MARKET I Give details of your income and expenses for the next 3 years. Do something simple but detailed enough to check if your approach is realistic. 158 OUR JOHANNA DOE COMPETITION I GROSS MARGIN Site / product is ready ? Already launched ? FORECASTS OUR ADDRESS ECONOMICS ARE I JEREMY GO PRODUCT MANAGER You already have customers? Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope I 3$ EXPLAIN YOUR STRATEGY STATE SALES INTERNATIONAL YOUR PURCHASE / DAY I EXPLAIN YOUR STRATEGY OR DEVELOPER EXPANSION UNIT I CONTACT I Enter here the history of your fundraising, what you plan to lift today, and under what conditions. I I STARTUP I EXPLAIN YOUR STRATEGY PRODUCT Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope SHOW YOUR SHOW SCREENCAST Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius PROJECT SIZE MARKETING MANAGER NEEDS iPAD HELEN SMITH YOUR FINANCIAL LOGO HELEN SMITH email@mystartup.com 06 07 08 09 09 I Any investor looking to make at least X10 on each of its investments. It will allow you to demonstrate the size of your market and the size that your company can achieve. PRODUCT LET'S TALK ABOUT INSERT YOUR BASELINE + VISION EXPLAIN YOUR PRODUCT IN A FEW WORDS " " KEY FIGURES TEMPLATE BY CONTENT BY JEREMIE BERREBI http://www.berrebi.org/2012/01/17/guide-how-to-present-your-startups-pitch-deck/ http://www.prezmaker.com If your service is already running ... how many clients do you have? How much revenue have they generated the last 30 days? The last 12 months? Since the launch of the project? What is your customer / user acquisition cost so far? I 68 12% 13 Item n°3 Lorem ipsum dolor Item n°2 Lorem ipsum dolor Item n°1 Lorem ipsum dolor

startup template

Transcript: NET PROFITS Since when ? I AQUISITION COST ON ON LAPTOP iPHONE Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope An investor will have to check your competitive environment before investing. Do not hide it from competitors. FINANCIAL WHO WE Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius EXPLAIN YOUR STRATEGY MARKET I Give details of your income and expenses for the next 3 years. Do something simple but detailed enough to check if your approach is realistic. 158 OUR JOHANNA DOE COMPETITION I GROSS MARGIN Site / product is ready ? Already launched ? FORECASTS OUR ADDRESS ECONOMICS ARE I JEREMY GO PRODUCT MANAGER You already have customers? Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope I 3$ EXPLAIN YOUR STRATEGY STATE SALES INTERNATIONAL YOUR PURCHASE / DAY I EXPLAIN YOUR STRATEGY OR DEVELOPER EXPANSION UNIT I CONTACT I Enter here the history of your fundraising, what you plan to lift today, and under what conditions. I I STARTUP I EXPLAIN YOUR STRATEGY PRODUCT Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope SHOW YOUR SHOW SCREENCAST Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius PROJECT SIZE MARKETING MANAGER NEEDS iPAD HELEN SMITH YOUR FINANCIAL LOGO HELEN SMITH email@mystartup.com 06 07 08 09 09 I Any investor looking to make at least X10 on each of its investments. It will allow you to demonstrate the size of your market and the size that your company can achieve. PRODUCT LET'S TALK ABOUT INSERT YOUR BASELINE + VISION EXPLAIN YOUR PRODUCT IN A FEW WORDS " " KEY FIGURES TEMPLATE BY CONTENT BY JEREMIE BERREBI http://www.berrebi.org/2012/01/17/guide-how-to-present-your-startups-pitch-deck/ http://www.prezmaker.com If your service is already running ... how many clients do you have? How much revenue have they generated the last 30 days? The last 12 months? Since the launch of the project? What is your customer / user acquisition cost so far? I 68 12% 13 Item n°3 Lorem ipsum dolor Item n°2 Lorem ipsum dolor Item n°1 Lorem ipsum dolor

STARTUP BUSINESS PLAN PRESENTATION TEMPLATE

Transcript: MedSpeak Mixture of on shore and off shore teams to utilise time difference and control costs I Business Management EU average of 3.4 doctors per 1000 people Usability Differentiated & Discriminated Advantage. Main competitor: Philips voice recorder ( lets consumers dictate documents and notes on the move. On a PC which is then transferred and the software then turns all of the information into text ) Similar products :created by Sony and Olympus. Dragon Dictator, Voice Assistant and Evernote are all smart phone applications that turns text into words. No wearable devices which records and types up the information for the consumer. FINANCIAL WHO WE Information can easily be reviewed and edited on the software. Device comes with software which is easy to download as part of the NHS intranet. Files are compatible with Microsoft Office, Adobe etc. 98% Accuracy. Exit Strategy 1,004,635 Doctors in America MARKET Sell to interested parties with the economies of scale to further develop the idea. Merge with similar firms for financial support. Assumptions This project will develop and deliver a smart medical earpiece. Medical staff spend on average 10 hours a week collecting or checking data - more than a quarter of their average week. Therefore, we have created a device which will aide doctors and anyone in the medical field to record and document medical noted and necessary information which would otherwise take hours of manual input. The earpiece will intelligently pick up speech between doctor and patient and interpret it into the appropriate fields within the required documents. It will be compatible and accessible from designate hospital devices. Large organisations such as the NHS can buy in bulk and host the programme on their own servers for security purposes. The earpiece will be easy to use. I OUR Economics and international business Issues Fatma Rumash COMPETITION Summary Saves NHS and other healthcare providers millions. Inexpensive simple technology. Easy to use across all platforms. Large Start-up costs quickly redeemed. Room for developments. Worldwide market A convenient earpiece with a microphone embedded within, picking up audio during doctor examinations. This information is smartly interpreted, effortlessly transferring it into medical notes on our software allowing doctors more time with their patients Risks I Gantt chart Agile Method: Scrum NHS Approval: Funding as part of £100m Technology Budget Private Investors (Doctors Associations) Pre-order ability to strengthen cash flow Government Startup Scheme Bank Loan "transforming doctor’s busy schedules" FORECASTS A 2013 government report highlighted that more than £1 billion a year is spent by the health service collecting and checking data, with 70 per cent of staff saying the burden of paperwork has risen in the past five years. ECONOMICS ARE Project Planning I Olivia Sibthorp RAID Log I STATE AGILE Future Vision: INTERNATIONAL I Compatibility Large shortage of Doctors Criminology EXPANSION Raid Log I I Must sell 11,600 Units to break even in year 1 I I Dependencies "Evolve" PRODUCT Why Agile Scrum? -Reliable Model -Constantly tested throughout development -Feedback implemented instantaneously All information is transferred to a database which can be accessed for proof-reading or reviewing files. Database accessible through Hospital Network. NHS will host it on their own servers for security purposes. -Antibacterial PROJECT SIZE -NHS Deals with over 1m patients every 36 hours NEEDS Weronika Popiolek OUR FINANCIAL Total Development Cost for first 3 months: £292,000 BAU Cost: £90,000 pa Agile: Scrum I 147,000 NHS Doctors In the UK 154,109 Qualified scientific and thereunder and technical staff 371,777 Nursing Staff Scope Statement: LET'S TALK ABOUT INSERT YOUR BASELINE + VISION A smart headset transforming doctor’s busy schedules. It will pick up audio while doctors treat their patients and intelligently interpreted that data, transforming into informative doctors notes saving hours of their working week! " " KEY FIGURES TEMPLATE BY CONTENT BY JEREMIE BERREBI http://www.berrebi.org/2012/01/17/guide-how-to-present-your-startups-pitch-deck/ http://www.prezmaker.com -Strong Interest from private sector and abroad. -This will only cost the NHS a fraction of total £100M spend on investment. -Potential to save between £100-£300 per week per member of staff. I

STARTUP BUSINESS PLAN PRESENTATION TEMPLATE

Transcript: NET PROFITS Since when ? I AQUISITION COST ON ON LAPTOP iPHONE Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope An investor will have to check your competitive environment before investing. Do not hide it from competitors. FINANCIAL WHO WE Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius EXPLAIN YOUR STRATEGY MARKET I Give details of your income and expenses for the next 3 years. Do something simple but detailed enough to check if your approach is realistic. 158 OUR JOHANNA DOE COMPETITION I GROSS MARGIN Site / product is ready ? Already launched ? FORECASTS OUR ADDRESS ECONOMICS ARE I JEREMY GO PRODUCT MANAGER You already have customers? Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope I 3$ EXPLAIN YOUR STRATEGY STATE SALES INTERNATIONAL YOUR PURCHASE / DAY I EXPLAIN YOUR STRATEGY OR DEVELOPER EXPANSION UNIT I CONTACT I Enter here the history of your fundraising, what you plan to lift today, and under what conditions. I I STARTUP I EXPLAIN YOUR STRATEGY PRODUCT Batnae municipium in Anthemusia conditum Macedonum manu priscorum ab Euphrate flumine brevi spatio disparatur, refertum mercatoribus opulentis, ubi annua sollemnitate prope SHOW YOUR SHOW SCREENCAST Lorem ipsum dolor Proinde die funestis interrogationibus Caesarem perferentes, cuius PROJECT SIZE MARKETING MANAGER NEEDS iPAD HELEN SMITH YOUR FINANCIAL LOGO HELEN SMITH email@mystartup.com 06 07 08 09 09 I Any investor looking to make at least X10 on each of its investments. It will allow you to demonstrate the size of your market and the size that your company can achieve. PRODUCT LET'S TALK ABOUT INSERT YOUR BASELINE + VISION EXPLAIN YOUR PRODUCT IN A FEW WORDS " " KEY FIGURES TEMPLATE BY CONTENT BY JEREMIE BERREBI http://www.berrebi.org/2012/01/17/guide-how-to-present-your-startups-pitch-deck/ http://www.prezmaker.com If your service is already running ... how many clients do you have? How much revenue have they generated the last 30 days? The last 12 months? Since the launch of the project? What is your customer / user acquisition cost so far? I 68 12% 13 Item n°3 Lorem ipsum dolor Item n°2 Lorem ipsum dolor Item n°1 Lorem ipsum dolor

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