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Business Plan

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What is a business plan?

  • Organizes financial goals
  • Organizes different parts of the team
  • Allows a better understanding of needs

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How Do We Create a Successful Business Plan?

  • Financial projections
  • Outreach potential
  • Executive summary: Mission statement
  • Branding
  • Funding request(s)
  • Structure
  • Professionalism

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Formatting

  • Simple and clean
  • Clear + concise
  • Minimal amount of words

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Components

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Mission statement

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“Dedicated to fostering a passion in science and technology within our community, the Monta Vista Robotics Team inspires students and develops interpersonal skills through team-based engineering challenges.”

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Team History/Growth

  • Time of existence
  • Brief introduction to the team

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Organizational Structure

  • Team structure
  • Team activities
  • Team communication

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Risk Analysis (SWOT)

  • Strengths/weaknesses
  • Opportunities
  • Threats/obstacles

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Financials

  • Funding
  • Budgeting
  • School policies
  • Sponsor relations

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Branding

  • Marketing
  • Appeal to other corporations
  • Impact through branding

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Other Big Portions of Plan:

Sustainability:

  • Pipeline Method
  • Empowered alumni
  • Mentors
  • Crisis Advisory

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Community/Outreach Highlights:

  • OhanaxMVRT
  • SiSTEM
  • International Outreach
  • Hongyun Art

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Business Plan Activity

Using what we have covered, you will make a business plan. The business plan should not be more than 3 pages long. Be sure to try to use appropriate fonts and colors and headers and include graphics when and where possible. This should not take more than 40 minutes.

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Any questions?