ENTREPRENEUR PROJECT
ON
“COACHING CLASSES”
OF
TO
2017-18
1
CERTIFICATE OF ORIGINALITY
(Student's Signature)
Date:
2
INSTITUTE OF MANAGEMENT, COMMERCE & ECONOMICS
SRMU
CERTIFICATE
This is to certify that the project entitled “Entrepreneurship Project on coaching classes”
submitted by Prasant Vikram Visen [Univ. Roll No. 201610702010015] and in the
fulfillment of the requirement for the award of the DEGREE OF MASTER OF BUSINESS
best of my knowledge it is a record of student’s own work carried under our supervision and
guidance. The project report embodies result of original work and the study carried out by the
student and the contents do not form the basis for the award of any other degree to the
(Project Guide)
3
INSTITUTE OF MANAGEMENT, COMMERCE & ECONOMICS
SRMU
DECLARATION
I hereby declare that the project entitled “Entrepreneurship Project on coaching classes””
submitted by me in the fulfillment of the requirements for the award of the degree of Master
own work carried under the supervision and guidance of Jyoti Dewan To the best of my
knowledge this project has not been submitted to SHRI RAMSWAROOP MEMORIAL
UNIVERSITY or any other University or Institute for the award of any degree.
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TABLE OF CONTENT
Cover Page
Certificate of Originality
Introduction
An overview of Entrepreneurship
Entrepreneurship vs. Intrapreneurship
Entrepreneurship & innovation
Characteristics of Entrepreneurs critical success factors
2. A model for new ventures : Feasibility planning
Business concept defined
What is the purpose of the venture
What does the entrepreneur want to accomplish with the business ?
Product - Market Study
Product Research need for product or service
Market Research who will buy? Location of consumer define niche? Define
competition?
Financial Planning
o Financial projections: What cash is needed ? How income will be generated?
Expected expenses or investment needed for operational and investment.
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Executive Summary
The objectives for Coaching Company over the next three years are:
The company will provide its professional development services in the most
effective manner and with an ongoing comprehensive quality-control program
to provide 100% client satisfaction. The company's principal officer sees each
contract as an agreement not between a business and its clients, but between
partners who wish to create a close and mutually-beneficial long-term
relationship. This will help to provide greater long-term profits through referrals
and repeat business.
Coaching Company will institute the following key procedures to reach its
goals:
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The creation of a unique, upscale, innovative environment that will
differentiate Coaching Company from other coaching or professional
development businesses.
Educating the business community on what business and strategic
coaching has to offer.
The formation of a learning environment that will bring people with
diverse interests and backgrounds together in a common forum to
overcome challenges both professionally and personally.
Affordable access to the resources of business coaching and other
consulting services.
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Introduction
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opportunity to become an entrepreneur requires four criteria. First, there must be
opportunities or situations to recombine resources to generate profit. Second,
entrepreneurship requires differences between people, such as preferential
access to certain individuals or the ability to recognize information about
opportunities. Third, taking on risk is a necessary. Fourth, the entrepreneurial
process requires the organization of people and resources.[8]
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Entrepreneurship education and training programs offered by schools,
colleges and universities
Financing (e.g. bank loans, venture capital financing, angel investing and
government and private foundation grants)[12][need quotation to verify]
In the 2000s, usage of the term "entrepreneurship" expanded to include how and
why some individuals (or teams) identify opportunities, evaluate them as viable,
and then decide to exploit them.[13] The term has also been used to discuss how
people might use these opportunities to develop new products or services,
launch new firms or industries, and create wealth.[14] The entrepreneurial
process is uncertain because opportunities can only be identified after they have
been exploited.[15]
Entrepreneurs tend exhibit positive biases towards finding new possibilities and
seeing unmet market needs, and a tendency towards risk-taking that makes them
more likely to exploit business opportunities.[16][17]
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Characteristics of Entrepreneurship
Although there are many traits that make an entrepreneur successful, perhaps
the most important are passion and motivation.
Is there something you can work on over and over again without getting
bored?
Is there something that keeps you awake at night because you haven't
finished it yet?
Is there something you have built and want to continue to improve upon?
Is there something you enjoy so much you want to continue doing it for
the rest of your life?
Entrepreneurs are risk takers, ready to dive deep into a future of uncertainty. But
not all risk takers are successful entrepreneurs. What differentiates a successful
entrepreneur from the rest in terms of risk? Successful entrepreneurs are willing
to risk their time and money on unknowns, but they also keep resources, plans
and bandwidth for dealing with "unknown unknowns" in reserve. When
evaluating risk, a successful entrepreneur will ask herself, "Is this risk worth the
cost of my career, time and money?" And, "What will I do if this venture doesn't
pay off?"
Being passionate and dedicated is important, but being inflexible about client or
market needs will lead to failure. Remember, an entrepreneurial venture is not
simply about doing what you believe is good, but also making a successful
business out of it. Successful entrepreneurs welcome all suggestions for
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optimization or customization that may enhance their offering and satisfy client
and market needs.
Entrepreneurs know their product inside and out. They also know the market.
Most become successful because they create something that didn't already exist
or they significantly improve an existing product after experiencing frustration
with the way it worked. Remaining unaware of changing market needs,
competitor moves and other external factors can cause even great products to
fail.
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9. Exit Preparedness
Not every attempt will result in success. The failure rate of entrepreneurial
ventures is very high. Sometimes, the best solution is to call it quits and try
something new instead of continuing to dump money into a failing business.
Many famous entrepreneurs weren't successful the first time around, but they
knew when to cut their losses.
You may ask yourself, am I an entrepreneur? The very question may make
you doubt the answer. Even if you don't have the flair of Steve Jobs or the hair
of Elon Musk, if you have the courage to ask yourself intimidating questions—
"Can I do this? Do I want to do this?"—you have the stuff to be an entrepreneur.
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Qualities of successful entrepreneurs
1. Disciplined
These individuals are focused on making their businesses work, and eliminate
any hindrances or distractions to their goals. They have overarching strategies
and outline the tactics to accomplish them. Successful entrepreneurs are
disciplined enough to take steps every day toward the achievement of their
objectives.
2. Confidence
The entrepreneur does not ask questions about whether they can succeed or
whether they are worthy of success. They are confident with the knowledge that
they will make their businesses succeed. They exude that confidence in
everything they do.
3. Open Minded
4. Self Starter
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Entrepreneurs know that if something needs to be done, they should start it
themselves. They set the parameters and make sure that projects follow that
path. They are proactive, not waiting for someone to give them permission.
5. Competitive
Many companies are formed because an entrepreneur knows that they can do a
job better than another. They need to win at the sports they play and need to win
at the businesses that they create. An entrepreneur will highlight their own
company’s track record of success.
6. Creativity
7. Determination
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The entrepreneur has strong communication skills to sell the product and
motivate employees. Most successful entrepreneurs know how to motivate their
employees so the business grows overall. They are very good at highlighting the
benefits of any situation and coaching others to their success.
The successful entrepreneur will often be the first person to arrive at the office
and the last one to leave. They will come in on their days off to make sure that
an outcome meets their expectations. Their mind is constantly on their work,
whether they are in or out of the workplace.
10. Passion
Successful entrepreneurs want to see what the view is like at the top of the
business mountain. Once they see it, they want to go further. They know how to
talk to their employees, and their businesses soar as a result.
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Entrepreneurial development today has become very significant; in view of its
being a key to economic development. The objectives of industrial
development, regional growth, and employment generation depend upon
entrepreneurial development.
Entrepreneurs are, thus, the seeds of industrial development and the fruits of
industrial development are greater employment opportunities to unemployed
youth, increase in per capita income, higher standard of living and increased
individual saving, revenue to the government in the form of income tax, sales
tax, export duties, import duties, and balanced regional development.
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Concept of Entrepreneurship:
The word “entrepreneur” is derived from the French verb enterprendre, which
means ‘to undertake’. This refers to those who “undertake” the risk of new
enterprises. An enterprise is created by an entrepreneur. The process of creation
is called “entrepreneurship”.
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An overview of Entrepreneurship: Coaching
Entrepreneurial Talents Course
Gallup studied more than 4,000 entrepreneurs and found that the most
successful business-builders possess a rare set of talents -- and they are born,
then made. From this research, we created Entrepreneurial Profile 10 (EP10).
Formerly known as Entrepreneurial StrengthsFinder, EP10 is the only online
assessment that helps people discover and develop the 10 talents that are vital to
starting, growing, and sustaining a thriving enterprise.
The Coaching Entrepreneurial Talents Course gives you the resources and
knowledge you need to fully support current and future entrepreneurs in
understanding the EP10 and their unique talents. With your guidance,
entrepreneurs can develop their talents into strengths to achieve greater business
effectiveness and success.
Goals
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lead the Discover Your Entrepreneurial Talents workshop, in which small
groups discover, develop, and direct their entrepreneurial talents
support the development of entrepreneurship in your community
During this two-day course, you will explore practical ways to conduct
advanced entrepreneurial coaching conversations with others. You will learn
how to help others understand and apply their entrepreneurial talents to increase
their business success. You will also gain insights into how to help others
identify areas that can hinder business effectiveness and where to establish
complementary partnerships that will empower them to meet the demands of
being a successful entrepreneur.
two EP10 assessment codes -- one for you and one for you to share with
someone you coach
resources and tools to support your coaching conversations
a one-on-one Gallup coaching session after the course
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could see the benefits for their innovation, growth and ultimately gaining a
competitive advantage in their industry.
The term is often used for people who are working in an established company,
who come up with an idea, launch it with the organisation’s support, and are
creating something new for their company. For example, At Lockheed
Martin, intrapreneurs developed a number of famous aircraft designs and at 3M,
they came up with Post-It Notes and at Google, they came up with Google
News, AdSense and Gmail.
As more millennials are coming onto the job market and are looking at
entrepreneurship as a viable career option, many companies have programmes
already in place to cater to this rising demographic that will become 36% of the
American workforce by end of 2014 and 46% by 2020. Closer to home, in the
UK, the New Entrepreneurs Foundation is proud to talk about similar
intrapreneurial success stories. The first one we are proud to share with you has
been achieved by one of our Class of 2012 NEFer: Hamish Grierson. After a
successful placement at Travelex, and demonstrating his innovation and
entrepreneurial flair, Hamish has launched Travelex’s own incubator.
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So, as you are looking to embark in your entrepreneurial journey, there is room
for some of you to consider intrapreneurship. But you need to find the right
organisation with the right culture, and come up with the most
relevant innovation for your organisation.
In my early career, I too became an intrapreneur: after working for 3 years for a
large conference and exhibition organisation, I launched a new Training
Business Unit within the company. This was possible because of my
knowledge of the sector I was working in, the entrepreneurial culture of the
organisation and my capability of identifying a gap in the market.
Knowing how to incorporate innovation in your work and teams is crucial for
creating thriving workplaces and careers. The Innovation and Entrepreneurship
professional certificate program will teach participants essential skills and
effective strategies for working in and managing innovative organizations – and
for starting new ones. In classes designed to engage and inspire, you will learn
by doing from some of Stanford’s best in the field.
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Be prepared to get out of your chair and use your whole brain, because
creativity and innovation take practice.
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Earning the Certificate
This certificate is offered online. Courses may be taken in any order and are
self-paced. Participants have the flexibility of taking individual courses within
the program or earning the Innovation and Entrepreneurship Certificate by
completing 8 courses.
Each course consists of online lecture videos, self-paced assignments and a final
exam. A discussion forum allows participants to interact with the teaching team
and others who are enrolled in the course. The teaching team also provides
feedback on select assignments.
Application
Prerequisites
Each application will be evaluated as a whole, taking into consideration both the
candidate's academic and professional experience. If you do not have all the
prerequisites but still wish to be considered for the program, we encourage you
to submit your application.
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Tuition
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owner-managers develop their managerial skills (Bisk, 2002; Deakins et al.,
1998; Graham and O’Neil, 1997).
conceptual framework is derived.
Cardiologists make at least twice the annual income of family physicians. Why
is this? The answer, is that by specializing, cardiologists are solving a specific
problem that provides life-changing results. Compare life-saving cardiac bypass
surgery to visiting your family doctor for a cold…or hemorrhoids….or take
your pick of mild health nuisances. I urge you to consider specializing in your
own coaching business. For example, one of my primary target markets as a
health coach is busy moms between 29 and 55 years of age who want to lose
weight. It is much easier to convey my expertise and provide transformational
results by focusing on this smaller segment of the weight loss market.
Next, you need to answer the following two questions to determine who you
want to serve as your audience:
1. What is the No. 1 problem you can solve for others? Think about your
skills, knowledge, and experience. How are you uniquely positioned to
solve this problem in a powerful way?
2. Who do you want to be a hero to? When you provide life-changing
results in an authentic way, you create loyal followers who will hang on
your every word and sing your praises to anyone who will listen.
Now that you’re clear on who you want as your target audience, the next step is
attracting your ideal clients.
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2. How to easily attract your ideal clients.
These are the three primary ways that I market my coaching business and you
can do the same.
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through these three marketing channels, I’m sending them to the
beginning of my sales funnel. And that leads us to the third step:
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Coaching Company is a start-up limited liability company (LLC) consisting of
one principal officer with 15 years of industry experience. Frank Smith
(principal) will be investing significant amounts of his own capital into the
company to cover start-up costs and future growth. Coaching Company will
partner with the national franchise, Coaching Company®, to provide services.
Coaching Company will be limited in a home office in Anytown, MI. Workshop
facilities will be contracted from various professional venues.
The company plans to use its existing contacts and customer base to generate
both short and long-term coaching contracts. Its long-term profitability will rely
on professional contracts obtained through strategic alliances, a comprehensive
marketing program and a successful referral program.
.
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1.1 Objectives
Coaching Company's objectives for the first three years of operation include:
The financial objectives for Coaching Company over the next three years are to:
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Great Businesses Start with A Rock-Solid Business Plan
By LivePlan
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1.2 Mission
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Services
On Demand Coaching (for time restricted clients) includes but is not limited to,
private and objective business or professional coaching, affordable and "on-
demand," access to coaching via phone/email.
Beginning in year two (2006), Coaching Company will provide a separate and
comprehensive career counseling service which will include but will not be
limited to, resumé assistance, interviewing skills, job seeking strategies and
networking opportunities.
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Requirements for starting up the business
You would need a commercial space at a central location for the children to
reach easily. Adequate lighting, furniture for seating arrangements, lockers for
children to keep their belongings, competent staff and dedicated support staff
are the basic requirements. If you are planning to conduct a small scale
coaching center, you need not obtain few licenses from the government. But, if
your coaching center venture is as big as an institution, you would need to get a
trade license and pay tax for the revenue generated through the center. If your
income exceeds 9 lakhs per annum, you need to register your business and pay
service tax within thirty days.
Since the capital involved in the business is moderate and the barriers for new
comers in the market are less, there are a lot of competitors in the market.
Switching power of the buyers is very restricted as a student might not float
from one coaching center to another. With increasing number of students in the
city, the scope of the market in the future is immeasurable.
If you are planning to lease a large area as your premise with the furniture, it
would cost you around 50,000 to 60,000 rupees per month. The salary for a staff
would be around 15,000 to 20,000 per month (experienced staff). Support staff
can be hired at 7,000 to 10,000 per month. Thus, you would need to have a
working capital of not more than one lakh to 1.25 lakh per month, including the
variable costs. If you own a house or a room which can be converted into a
classroom, you can cut short on the rent factor. Based on the subject, class,
board of education and others, a student can be charged between 6,000 and
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10,000 per month. All you would need is just 10 to 15 students to break-even
and create good revenue.
83% of the parents are looking for a coaching center for their children in
primary classes. On an average, a household pays 500 to 700 rupees per hour
for the centers that takes care of the primary school students till one of the
parent returns to pick them up. In such cases, apart from the subjects, you need
to train them on extra-curricular activities too. You need to create an aesthetic
environment for coaching small children which would increase the capital
involved but, the return on investment is very high.
According to a report, in the last three years, a rural family spends 2,000 rupees
for coaching centers for a child and a family in an urban area spends about
2,750 to 3,500 rupees for coaching their children. This fee can go up if the
coaching for some competitive examination or college syllabus.
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Scope of the market
With the constant rise in the number of colleges and schools without increase in
the standard of education, there is an accelerated increase in the scope for this
market. Since the craze for government jobs is very high among the youth, the
coaching centers for competitive examinations would be profitable in the future.
Important tips
1. You need to have separate and experienced teachers for each subject.
2. Your premises should be large enough to hold many students without
congestion.
3. Provide discounts and referral discounts to increase your customer base.
4. Make sure to pick a location near an institution like school or college to
increase the exposure of the business.
5. You need to make sure to adhere to the standards that are followed by the
government or else, you would be out of business in no time.
6. Create a logo and demonstrate professionalism in your business to attract
more students.
The result that you produce in one academic year would stand as your base of
advertisement. Make sure to hire some famous instructors to gain more
customer base. Handing pamphlets and advertising through bills would be very
effective. Remember that the profitability of the business totally depends upon
the number of students in the institute. You should aim at increasing the number
of students by at least 10% every year to have a sustainable business.
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Market Analysis Summary
According to the July, 2002 census, there are approximately 81,600 small
businesses in the 5 county Anytown Metropolitan area. Although the majority
are manufacturing based, there are a significant number of service related
companies. Coaching Company will not take a position of industry expert but of
leadership and development expert; therefore industry will not have an impact
on any prospective markets.
Coaching Company will focus on two markets within the Anytown Metro area,
the small business segment (businesses with more than one employee/owner),
and the entrepreneur segment, which includes home-based and one-person
business operations. Although the company can handle larger organizations, the
greatest benefit will come to businesses with under Rs.10 million in annual
sales. The majority of these companies are comprised of "technicians" who are
gifted in the work of their business, but typically do not have the resources to
have in-house staff dedicated to strategic planning, professional development
and/or coaching. Our goal is to eventually obtain approximately two-thirds of
all our business from the small business segment, since this generates the
greatest cash flow. Furthermore, this segment has the lowest percentage of
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variable costs. The small business segment is considered to be the company's
cash cow.
Initially the company will focus on the two segments in just the A County
and B County area. However, by the end of the three-year projections, the
company expects to be serving the entire Anytown Metropolitan area. The
Market Analysis table and chart show the number of small businesses in each
county.
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
Market Analysis
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Year 1 Year 2 Year 3 Year 4 Year 5
Potential
Growth CAGR
Customers
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4.2 Target Market Segment Strategy
The small business and entrepreneur markets are ideal targets for several
reasons:
The United States spends more per capita on education than any other country.
Training or professional development in America is a Rs.210+ billion industry.
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2. Large Businesses – These are firms with 100 or more employees. This
group spends more than Rs.28 billion in training, with the largest portion
going to training managers and career personnel.
3. Small Businesses – These are firms with fewer than 100 employees.
There are more than 79 million small businesses in the U.S. This group
spends more than Rs.20 billion on training each year.
5. Individuals – Those who buy training with their own money and on their
own time. This group spends more than Rs.2.5 billion on training and
they tend to be highly motivated.
The key element in purchase decisions made at Coaching Company client level
is trust in the professional reputation and reliability of the professional
development firm. The professional development industry is pulverized and
disorganized, with thousands of smaller consulting organizations and individual
consultants for every one of the few dozen well-known companies.
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Competitors range from major international name-brand consultants to tens of
thousands of individuals. One of Coaching Company's challenges will be
establishing itself as a real professional development company, positioned as a
relatively risk-free corporate purchase.
When dealing with the small or entrepreneurial business market, cost or price
will be one of the greatest obstacles Coaching Company will face. It will be up
to Coaching Company to assist its clients in the discovery of how much it may
cost them NOT to pursue professional development and establish Coaching
Company as the most effective solution to their challenges.
With time, reputation and referrals will allow for a steady stream of new clients
as well as regular price increases. This is not a business to build brand as much
as it is to build reliability.
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Strategy and Implementation Summary
Emphasize results
We will differentiate ourselves with results. We will establish our business
offering as a clear and viable alternative for our target market, from the scores
of unrefined, one-time seminar, consulting, and "feel good motivational"
companies.
The most unique benefit that Coaching Company offers to clients is the ability
to experience ongoing, reinforcement development, versus a typical "one-time"
seminar format. Coaching Company provides development and support for a
year or more. Since each Strategic Workshop client will be immediately
qualified for one-on-one coaching, we will manage and monitor the specific
progress of each client to ensure appropriate development.
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5.2 Marketing Strategy
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Other Income Generators: Special Project Assistance. This includes writing
private programs for specific businesses, designing custom programs and
retainer based coaching on an ongoing basis.
Coaching Company will make a significant profit through the delivery of top-
of-the-line professional development services. The company will see profit
within the first year due to beneficial word-of-mouth advertising and referral
networking. The company expects to double its clientele every six months, for
the first 18 months.
Pricing
Strategic Workshops (two year program) - Rs.3000 for year one, Rs.2500 for
year two. Includes 1 hour per month one-on-one coaching.
Platinum Package - Rs.5000 for one year of Strategic Workshops, 1 hour per
month of one-on-one coaching & membership to the On Demand Coaching.
Gold Package - Rs.4000 for one year of Strategic Workshops, 1 hour per
month of one-on-one coaching.
Second year - Rs.2500 per year for any client continuing with Strategic
Workshops (applies to workshop only)
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Special Projects - Priced as needed
Coaching Company expects a slow start to 2005, but a strong finish with
referral marketing beginning to replace hard marketing dollars. The core
business will be the Strategic Workshops, which have a second year tied to the
initial purchase (two year program - Rs.3,000 for year one, Rs.2,500 for year
two). Based on this, we should be able to obtain and manage a 25% increase in
sales. Sales exceeding the 25% would place a tremendous burden on the
acceptable delivery of service. Consistent efforts made by Coaching Company
based on the marketing plan will drive enough opportunities to supply both
initial and ongoing growth. At this growth rate, Coaching Company will be in a
position to hire one more salesperson beginning year four (2008).
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
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48
Sales Forecast
Sales
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5.4 Milestones
Coaching Company has a big year coming. In order to achieve the sales and
marketing goals that have been outline in this business plan, the company has
deadlines to meet and ideas to implement. Frank Smith is accountable for all
items. Some of these are outlined below:
March 1, 2005 is the date specified to begin the Lead Generation Program
(direct marketing) which includes direct mail, email marketing,
advertising and phone sales calls.
February 28, 2005 is the deadline for joining two chamber of commerces
(Anytown and Pleasantville), and other networking groups; this is key to
the marketing/networking effort. This will be effective immediately after
submitting application and membership fee. Frank Smith will begin
scheduling free talks immediately.
April 15, 2005 is the deadline for scheduling the first of monthly Sample
Previews.
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Marketing materials. Printing costs are involved in printing brochures,
business cards, and developing website. This can't be done until after the
photo/logo design work (costing Rs.1,000) has been completed.
February 28, 2005 is the deadline to join Local Business Network. Cost
is Rs.360/year. Benefits include networking, marketing and free talks.
May also be used to populate first workshops.
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
51
Create your own business plan
Milestones
Lead Generation
3/1/2005 3/15/2005 Rs.1,000 ABC Marketing
Prgm
Marketing
2/15/2005 2/28/2005 Rs.500 ABC Marketing
Materials/Stationery
Chamber of
2/1/2005 2/28/2005 Rs.195 ABC Marketing
Commerce
Totals Rs.20,505
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Management Summary
The initial management team depends on the founder himself, with little back-
up. As we grow, we will take on additional consulting, sales, and marketing
help.
The following table is the personnel plan for Coaching Company. The table
reflects the hiring of a second full-time salesperson / coach in year 2.
Personnel Plan
Total People 1 2 2
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Financial Plan
Start-up Funding
Assets
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Non-cash Assets from Start-up Rs.2,500
Liabilities
Capital
Planned Investment
Owner Rs.33,700
Investor Rs.0
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Total Capital Rs.11,450
The following table and chart shows the projected Profit and Loss for Coaching
Company. The majority of our operating expenses are the owner's payroll,
benefits and taxes. This includes a standard PPO health plan, since the owner is
sole provider of services; if he gets sick, sales stop. The second largest category
is Marketing and Promotion, necessary for establishing brand recognition and
generating new business, as a start-up.
The moving expenses in December and increased rent starting at the same time
reflect the planned move into an office space, and out of the owner's home.
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
56
Need actual charts?
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
57
Need actual charts?
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
58
Direct Cost of Sales Rs.10,654 Rs.13,486 Rs.16,339
Expenses
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Interest Expense Rs.0 Rs.0 Rs.0
We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
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Break-even Analysis
Assumptions:
The following table and chart show the Cash Flow for Coaching Company.
After the first six months, cash flow should be positive for all months. We
expect an initial period of decreasing cash balance, until sales reach mid-year
targets.
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We recommend using LivePlan as the easiest way to create graphs for your own
business plan.
Cash Received
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Expenditures Year 1 Year 2 Year 3
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7.5 Projected Balance Sheet
The following table presents the Balance Sheet for Coaching Company. It
shows our projected steady increase in Net Worth over the next three years. As
a consulting company, we do not need a great deal in the way of assets, so the
largest factor in the Balance Sheet is our cash balance.
Assets
Current Assets
Long-term Assets
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Current Liabilities
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The following table shows the projected business ratios. We expect to maintain
healthy ratios for profitability, risk, and return. The industry comparisons are for
Management Consulting Services, SIC code 8742.
Ratio Analysis
Industry
Year 1 Year 2 Year 3
Profile
Percent of Sales
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Selling, General &
60.99% 83.21% 85.52% 83.82%
Administrative Expenses
Main Ratios
Activity Ratios
Debt Ratios
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Liquidity Ratios
Additional Ratios
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FUTURE PLAN
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SUGGESTIONS
So, this is one the views from my point of view, which I hope
may be taken positively and will not be misunderstood.
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CONCLUSION
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