Clear understanding of policies, job functions, goals and company philosophy lead to increased motivation, morale and productivity for employees, and higher profits for your business. Training is a means to a specific end, so keeping goals in mind during the development and implementation stages of your training program will assist in creating a clearly defined and effective program. Define Needs And Goals Define the needs of your company by identifying weak areas where training would prove beneficial. Examples may include how to use machinery, office equipment or a process, time management, conflict resolution, harassment or company policies.
How to pitch your business plan Share Presenting your business plan is an art and a science to which you must devote time if you are going to be successful as an entrepreneur. As you seek to finance your business, your audience can be broken down into two groups: Potential investors and potential lenders.
You should tailor your presentation to the differing interests and goals of these two groups and be ready to answer their questions. What investors are looking for Investors look into the future to a time when they can cash in, hopefully at a high multiple to their initial investment.
Therefore, they are concerned with your growth potential. Is there a growing market for your product or service? Does it involve breakthrough technology or is it merely a me-too product?
What would be the exit strategy?
How much return can investors make on this investment, and when? Prepare a brief, compelling presentation that tells your story, describes your business and explains how you will fulfill a customer want, need or desire.
What lenders are looking for Lenders are more concerned with risk and the return of their money with interest. So they look more at revenue, expenses, and other cash flow issues. Bankers prefer one clear and complete idea over many excellent but vague possibilities.
So make sure your presentation is focused and fact-based. Is your product priced right for its market niche? Can company management control expenses?
Does the company have the ability to repay its loan and still grow?
How much are company owners willing to share the risk? In its risk assessment, a bank will not only look at your ability to execute a project and repay the loan. Your banker will also consider the project itself and ask: Will it contribute to its profitable growth in the years to come?
That means having all the pieces in place—deep market knowledge, a competitive product or service offering, and the self-confidence to overcome the inevitable setbacks. Here are some points to keep in mind when you meet investors and bankers to discuss your business plan.
Use facts and figures—Support every conclusion and claim with research from third-party sources.Ten Characteristics of an Effective Business Plan. 1. Planning for business should be a process not an event.
Even if it is designed to produce a tangible output like a business plan to be studied by potential investors, it is the process of planning which will ensure focus, commitment and understanding, not the plan itself.
But if you plan to keep most of the lights on (which is highly advisable), a white background with black or dark text works much better.
Whether you’re an entrepreneur preparing to give an official business plan PowerPoint presentation, or you're getting ready to deliver a proposal to a prospective client, one thing’s for sure: You’ve got a lot riding on these slides.
Sales vs Business Development Strategies Business Development Strategies should not be confused with sales. The process of sales is based on driving revenue or the generation of profits. To start an effective training program, first define your needs and goals, then identify those who would most benefit from it and how to implement it.
Plan your training by identifying.
Making an Effective Business Plan Presentation. Making an Effective Business Plan Presentation.
Many business plans are not only written, they are also presented.