Question

In: Operations Management

How should the entrepreneur approach the oral presentation of the business plan?

How should the entrepreneur approach the oral presentation of the business plan?

Solutions

Expert Solution

Some of the important points which need to be addressed by the Entrepreneur while sharing business plan are such as ,

  • By addressing the key components, e.g. proof of concept and market requirements, available opportunities, idea which is innovative in nature and implementable, market potential, target audience, how to produce services, marketing activities, revenue drivers, projected cash flows, etc.
  • Use of facts and figures
  • Showcase the market research outcomes
  • Realistic forecast

Therefore, an Entrepreneur should have good sales pitch when orally presenting the business plan so that it gives clear overview of the proposed business, how the customers’ needs be fulfilled and what is the expected from investor in terms of investment. Other important pointers are how the proposed product make difference in the market, what is the size of the market, predicted growth, competitive advantages and project revenues, advisory board members and management team, etc.


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