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Business Planning in Real
Life part 1
Case Study : OnLine Exercise Portal
Kostas Chrysagis, Yiannis Doxaras
There is real magic in enthusiasm.
It spells the difference between mediocrity
            and accomplishment.”
            Norman Vincent Peale
Greek VC’s, same as Greek
Statistics

 Early stage investment is purely risk management. High
 risk capitals.
 Greek Projects have low upside since they target Greek
 market and do not have prominent exit strategies. NOTE:
 aim globally!

 Greek VC’s seek for lower risk and large scale
 investments to fix their success ratios!
When to Search for VC
 Estimated profit >300 K or 10 M $ for the company
 Good client database. 100k users or 1 key Account (eg.
 Vodafone GR, Nike etc.)
 At least one key advantage or one key differentiation to
 existing solutions.
 My question is always “Does it save some time ?”. Ask
 yourself similar questions.
 NOTE: Do not search for VC when you are competent enough to develop your
 beta by your own, or the initial budget does not succeed 30-40K

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Innovation as a Discipline - Can innovation be managed?
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Innovation as a Discipline - Can innovation be managed?

Innovation should not be accidental, it can be managed! This short presentation walks us through different drivers, models, processes and engagement types around innovation. Content of the presentation was tailored for Shared Service Centers.

ssctechnologyinnovation
Best practices in business development
Best practices in business developmentBest practices in business development
Best practices in business development

presentation on issues impeding growth faced by many companies in today's fast paced business environment.

sales growthorganizational changebusiness development
Stakeholder Management for Product Managers - ProductTank Paris
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Stakeholder Management for Product Managers - ProductTank Paris

How to manage your Stakeholders, mainly internally when you're a Product Manager working in a medium to large organization. Tips on how to be efficient and recognized within your organization.

product managementproducttankproduct manager
Common Pitfalls in Early Stages


                         Execution
   Great Idea
                           Plan
            Product              End User
            Mentality            Mentality
   One Turn             A weighted
  Key Person               team
Celebrated Talk: The most worthy 14:42 minutes of
                 your business life.
    TED::http://www.ted.com/talks/lang/eng/david_s_rose_on_pitching_to_vcs.html
How to come up with the Idea
 What you do well in life ?
 How to make money
     What I sell ?
     To whom ?
     Why would anyone care to buy ?
 Innovation *do not reinvent the wheel, just make a better working one
 People *Work with the best and make build the circumstances and the environment to
 attract the best.

 Commitment * stick to your idea until the end
After a lot of consideration and thought we
have come up with an idea that exploits the
      medical and athletic knowledge
  background of various members of our
                    team.

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UW Deloitte Case Competition 2014 (Solution by Team Saturn)
UW Deloitte Case Competition 2014 (Solution by Team Saturn)UW Deloitte Case Competition 2014 (Solution by Team Saturn)
UW Deloitte Case Competition 2014 (Solution by Team Saturn)

QUICK DOC is an urgent care provider seeking to expand its operations through partnerships and new center openings. To support this growth, it needs to upgrade its outdated IT systems to meet federal compliance standards and enable scalability. The document recommends moving to a cloud-based ERP system to gain functional benefits while keeping costs low compared to traditional servers. It also suggests implementing change management strategies like training sessions, feedback meetings, and clear communication to minimize employee resistance to the new systems. The 10-year plan involves establishing IT infrastructure, entering new high-potential markets through healthcare partnerships, and becoming the national urgent care leader.

consultingdeloitteurgent care
BizDevbox Columbia Univ 2020
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business model, business model canvas, columbia, customer development, lean launchpad, lean startup, steve blank

business modelbusiness model canvascolumbia
Case Study: Innovative, Fun Marketing Tool Go-to-Market Plan (Cisco myPlanNet)
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A few slides from the go-to-market plan for the Cisco myPlanNet simulation game, incl. traditional and social media marketing. Some integration examples also included. Oct 2009 - Jan 2010 results: - 77,730 unique hits - 23,234 downloads - 25,658 Facebook fans - Played in 130 countries by over 2,500 institutions - Press and analyst coverage

gamesyoutubecisco
After a lot of consideration and thought we
have come up with an idea that exploits the
      medical and athletic knowledge
  background of various members of our
                    team.




               The Idea ?
  A social network for diet and training
based on users exercise profiles measured
        with wearable sensors.
Some Figures to Get Started
 Athletic Apparel and Shoes Industry is over 15B $ per year.
 All Athletic Companies are open to alternative marketing.
 (eg. Nike, Adidas, Puma have launched social media, augmented reality and
 mobile app campaigns)

 Large user bases attract more information.
 Good and marketable product since it appeals to modern
 lifestyles and beauty/fitness
 Supplement industry is over 2.5B $ annually. (currently not
 mainstream, but they try to be)
Encouraging Investors


Create a good impression
Create a sense of urgency to generate momentum
Frame ideas to make them more appealing
Prepare a good business plan
Business Plan A Living
Document

 A business plan changes often as a new business
 develops.
 Do just enough business planning to get the new
 company started.
 Refine the plan with information gathered from running
 the new venture.

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This document discusses enterprise work management (EWM) software. It notes that businesses need integrated systems to manage projects, resources, scheduling, finances and more currently done through disjointed tools like Excel. EWM provides visibility into work, resource management, workflow automation, collaboration and real-time reporting and dashboards. Key features include project and portfolio management, resource management, capacity planning, workflow automation and team collaboration. The market for EWM is growing and the presenter outlines their go-to-market strategy and future growth opportunities in India.

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Cultivating A Strategic Perspective
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Creating a Product Strategy to Drive Your Company's Revenue Growth - ProductC...
Creating a Product Strategy to Drive Your Company's Revenue Growth - ProductC...Creating a Product Strategy to Drive Your Company's Revenue Growth - ProductC...
Creating a Product Strategy to Drive Your Company's Revenue Growth - ProductC...

Learning Objectives • Why do you need to define a product strategy for your company? • What are the benefits of implementing a product planning process? • What do you need to create successful products consistently? Description The creation of successful products is essential for companies that want to grow or maintain a competitive advantage. Many organizations lack a clearly defined and understood product strategy. We will discuss the benefits of adopting the Association of International Product Marketing and Management (AIPMM) Product Management Framework (PMF) to align your business and product strategies with unmet customer needs and market trends to create value for your business using a sustainable approach. Audience This presentation is for product managers, marketers, entrepreneurs, innovators, and technology-based business owners that want to expand their knowledge about how to create successful products that customers demand. For more info, connect with Hector Del Castillo at http:/linkd.in/hdelcastillo.

product managementproduct strategyeducation and training
Business Plan A Living
Document                             keep in mind that even
                                    without funding your own
                                   startup will definitely need a
                                          business plan



 A business plan changes often as a new business
 develops.
 Do just enough business planning to get the new
 company started.
 Refine the plan with information gathered from running
 the new venture.
Model of Successful Business
Planning

                                                              Closed Circle



       Prepare a                                Continue to
                    Start the    Refine the
       relatively                                grow the
                    business    business plan
      simple plan                                business
Key Aspects


                        Attractiveness    Potential
    Capabilities of                                     Potential
                          of product       market,
    founding team                                        returns
                          or service     competitors




                      Decisions about providing funds
Components
What is the basic idea?
Why is the new product appealing—and to whom?
How will the idea be realized?
Who are the entrepreneurs?
How will the venture be structured & operate?
How much funding is needed? What type of financing? How
will it be used?
How will you realize a return?

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How to Master Product Management Case Studies by fmr Groupon PM
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How to Master Product Management Case Studies by fmr Groupon PM

Main takeaways - How does one proceed in an interview when given a product case study to solve - What are some of the most common case questions to practice - What hiring managers are looking for when asking candidates to solve a product case - The importance of a good hypothesis - Best frameworks that can come in handy

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How to Plan and Execute a Go-to-Market Campaign for an Atlassian App
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When it comes to releasing a new app to the fast-growing Atlassian Marketplace, building a great product is not the whole of the story. To have a successful launch and achieve sustainable early customer growth, you need to make a concerted effort both before and after release day to connect your product with those it offers value to. This talk is a practical guide for how to do just that. It will explore the strategy and tactics of a recently executed add-on go-to-market campaign, from initial concept on through the awareness, consideration, and decision phases of the buyer's journey funnel.

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Successful Business Plan

Orderly
 Cover page | Table of contents | Executive summary |
  Various sections | Appendices | Succinct
In proper form
Persuasive
Be prepared to answer all devils advocate questions
Executive Summary


 An impassioned statement about the wonderful things
 going on in the industry involved
 Provides a brief, clear, and persuasive overview of the
 new venture
 Target 2 to 3 pages
fit2life portal case
 Sensor technology latest developments
 Mobile phones and programmable platforms
 Existing devices for exercise tracking
 Data mining algorithms for trend analysis
 Collaborative knowledge algorithms
 Supplement industry developments
 Apparel and sports wear
 Beauty figures and contemporary healthy way of life
Business Plan Section
         Background, purpose, and opportunity

                      Marketing

                     Competition

         Development, production, and location

                     Management

                   Financial section

                     Risk factors

                    Harvest or exit

              Scheduling and milestones

                     Appendices

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product managementproduct manager
Background, Product, &
Opportunity

 What is the nature of the idea driving your company
 and how did it arise?
 What does the product/service have to offer?
 What is the basic nature of the company?
 What are the company’s mission & goals?
fit2life portal case

 Group of medical and fitness post graduate students.
 Online exercise monitoring and consulting portal
 Networking between members
 Customized and self regulating diet programs
 Training and goal setting/monitoring
 Mission: Provide better quality of life to end users
Market Analysis

 What have you done to identify the market?
 How large is the market?
 How will products or services be promoted?
 What do you know about competing products and
 companies?
 How will the product or service be priced?
fit2life portal case

 Facebook application approach
 350 M users
 40M 15-35 upper class, income over 60K $ /year
 20% of them regular exercise regular (>3 per week)
 40% of them regular exercise rarely (1-2 per week)
 20% of them seeks motivation to start

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MedNet is a health information website that provides free, evidence-based medical content and generates revenue through advertising. It faces two challenges: increasing traffic and click-through rates to improve profits. The document discusses MedNet's competitors and business model, and potential approaches to address its challenges, including creating discussion forums, targeted keyword ads, and improving search engine optimization.

Market Research 2.0
 Google Trends
 Google Alerts
 Google Searches per month
 Alexa page traffic (always look the first 5 top sites of the industry)
 [good way to mark saturated markets if number of searches==
 number of unique visits]
 See supplement industry sales forecasts
 See clothes and apparel industry sales forecasts common and
 private reports and memos
Development, Production, and
         Location

Where are the products or services in the development
process?

What are the projected costs and timetable for making
the product or delivering the service?
What steps have been taken to assure quality and
safety?
fit2life portal case 1

 Home office
 Sensor fabrications and development in China (CE)
 Quality Control Plan
 Training and exercise database. Diet database.
 Algorithms for trend analysis
 Web portal, facebook application, iphone application
fit2life portal case 2           Nike+iPod




WIN Human
Recorder

                wii
            biorythms


                        fitbit

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ottointeractive marketingipw
Med net.com confronts "click through" competition
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med net.com confronts "click through" competitionanalysisharvard case
Harvard Case "MedNet.com Click Through Competition"
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MedNet.com faces challenges to its revenue model from a competitor called Marvel. MedNet generates most of its revenue from advertisements using a cost per impression (CPM) model. However, Marvel uses a pay per click (PPC) model where advertisers only pay for clicks, not impressions. This is causing MedNet's largest advertiser, Windham Pharmaceuticals, to consider shifting ad spending to Marvel. If MedNet loses Windham's business or has to change its revenue model, it could lose a major source of revenue. Strategic options for MedNet include taking a more diagnostic approach to visitors, charging for content subscriptions, expanding offerings and languages, and improving customer relationships to maintain trust and integrity.

Management Team


Do team members have the experience, expertise,
skills, and personal characteristics needed?
Do team members having good working relationships,
defined roles, and clear communication?
fit2life portal case

 Medical background
 Statistics
 Electronics and embedding programming
 Management
 Sales people
 Fitness trainers
Financial Plans and Projections

 NOTE: will be closely & carefully examined by potential investors

 Pro-formal balance sheet
 Pro-formal income statement
 Cash flow statement
 Break-even analysis
Break even analysis with non
linear sales model
                       Multiproduct break
                    even analysis with Linear
                     and non-linear models.
                   Mathematica files will be uploaded
                       on the elearning space.

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MedNet is a health information website that earns revenue through advertisements. Its largest advertiser, Windham Pharmaceuticals, wants to change MedNet's revenue model from cost per thousand impressions to pay per click. This would significantly reduce MedNet's revenue. Marvel, a competing website, uses a pay per click model that gives advertisers more flexibility. Windham is considering shifting its advertising dollars to Marvel. MedNet needs a strategy to survive in this competitive market and avoid losing customers and advertisers. Options include charging for content subscriptions to diversify revenue, taking a more diagnostic approach to visitors, and expanding globally and into alternative health topics.

Med net confronts click through competition
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This case study analyzes the competitive effects faced by MedNet, a health information website that generates revenue from advertisements, as it faces competition from other sites. Major competitors include Marvel, which charges advertisers less per click-through, and Cholesterol.com, which offers interactive tools and a travel agency. However, MedNet has strong customer retention and views of advertiser pages. The case study explores options for MedNet to improve, such as expanding coverage of healing approaches and contracting with large employers.

Case study
Case studyCase study
Case study

This document summarizes a case study about MedNet.com facing increased competition from Marvel, which charges advertisers based on click-throughs rather than impressions. MedNet.com's executives Heather Yates and Bill Bishop discuss options to increase revenue like expanding content or charging for information. They try to convince Mahira Baker from Windham Pharmaceuticals that MedNet.com provides higher value by demonstrating superior conversion rates. However, Baker notes Cholesterol.com also performs well. The team considers specializing in specific health domains, becoming an enterprise wellness site, or adding alternative health content with disclaimers.

Critical Risks
Price cutting by competitors
Unforeseen industry trends
Sales projections not achieved
Costs exceed estimates
Schedules not met
Lack of experience
Difficulties raising required financing
Unforeseen political, economic, social or technological trends
Harvest and Exit	

 Exit Strategies
 Managing Strategies
Harvest and Exit	

 Exit Strategies
 Managing Strategies


      For instance a startup that exploits google
        sketch up and google 3D buildings by
       developing a product that generates 3D
     vector objects with texture from plain images
       can have an exit plan a google buy out.
fit2life portal case


 Buy out from Garmin
 Buy out from Poral
 Buy out from Nike and their social networking site
 Buy out from a large Gym chain

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Бизнес планирование
Бизнес планированиеБизнес планирование
Бизнес планирование

Бизнес планирование

Mednet.com Confronts "Click-Through" Competition
Mednet.com Confronts "Click-Through" CompetitionMednet.com Confronts "Click-Through" Competition
Mednet.com Confronts "Click-Through" Competition

MedNet is a health website that provides free, evidence-based medical information to consumers and generates profits through advertising. Windham Pharmaceuticals, an advertiser, is considering shifting its ad dollars to Marvel, a competing website. Heather Yates, MedNet's VP of business development, needs to convince Mahria Baker, Windham's CMO, to continue advertising on MedNet. Potential strategies include focusing content on new areas, increasing social media presence, and targeting ads towards common conditions many users research online.

PCA16 Marketing Plan Case Study
PCA16 Marketing Plan Case Study PCA16 Marketing Plan Case Study
PCA16 Marketing Plan Case Study

"Cooking Up A Marketing Plan: A Tasty Case Study" was presented at ProductCamp Austin (PCATX) by Vicki McCullough and Elizabeth Rabaey on February 13, 2016.

marketing plansmarketing strategyprofessional services
Scheduling and Milestones
             Formal incorporation

            Completion of design

           Completion of prototypes

           Hiring of initial personnel

               Product displays

                 Agreements

            Moving into production

              Receipt of orders

                  First sales

                  Profitability
Marketing	

 Google Ads.
 FB Campaign
 Affiliate Marketing
 Viral Videos [iphone app Boston Marathon]
 Guest Posts to Conventional Media
Revenue Streams
 Membership Model
 Gold Membership [privileges]
 Social Networking, Matching Companions
 Supplements
 Affiliate Marketing
 Gym Advertising
 Apparel Advertising
Competition
 Fitbit [simple data collection smart]
 Garmin connect.
 Polar.
 iPhone Runner App.
 iPhone Android Running Companion Apps. [GPS, Speed
 Data, future Accelometer]
 Nike iPhone app.
 Nike myTown Social Media Portal

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Analysis MedNet.com Confronts "Click-through" competition
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case study
Zona network english business plan... New extraordinary business. Register free
Zona network english business plan... New extraordinary business. Register freeZona network english business plan... New extraordinary business. Register free
Zona network english business plan... New extraordinary business. Register free

Zona Network is a global association of employers in network marketing that offers various products and a compensation plan. The compensation plan provides daily earnings for displaying ads on blogs based on the membership package purchased. Members can earn 100% commissions on product sales to their direct referrals and customers. The plan allows members to start for free by providing a 30-day trial of the basic blogging product, after which the $25 monthly fee is due.

zona network
Marketing plan for a new business . Gulmo.. garden service
Marketing plan for a new business . Gulmo.. garden serviceMarketing plan for a new business . Gulmo.. garden service
Marketing plan for a new business . Gulmo.. garden service

Gulmo is starting a gardening business providing soil, fertilizer, pesticide, and other gardening products and services both online and through physical outlets. The company aims to be a market leader with a large market share in Bangladesh by 2030. Gulmo will target both residential and corporate customers, including restaurants, with their gardening packages and products. They will focus on cost-based and value-based pricing strategies along with promotional campaigns using print, online, and outdoor advertising. Gulmo seeks to exceed customer expectations and attract customers through high quality service.

Differentiation
 Extra Data Collection [temp, humidity, acceleration, inclination,
 Rest, Absence of exercise]
 Integration with existing devices (polar, garmin, build on top of the competition)
 Data mining and collaborative knowledge algorithms for diet,
 supplement and exercise suggestions.
 Integration with existing training services
 Trainees pairing.
    similar exercise profiles run together at the central park

    people that like to play basketball for instance can form online teams and schedule plays.
Competition



 http://techon.nikkeibp.co.jp/english/NEWS_EN/
 20100119/179393/
 http://www.fitbit.com/product
Useful Addresses
 Παρατηρητήριο για την Κοινωνία της πληροφορίας. http://www.observe.gr/page/
 default.asp?la=1&id=103, http://www.observe.gr/page/default.asp?la=1&id=183

 Πρότυπα επιχειρηματικά σχέδια από το πρόγραμμα Δικτυωθείτε για ηλεκτρονικό
 εμπόριο σε πολλαπλές θεματικές περιοχές. http://www.go-online.gr/ebusiness/ebps.html

 ΕΣΠΑ δράσεις και προκυρήξεις. http://www.espa.gr

 Εθνική Στατιστική Υπηρεσία http://www.statistics.gr/portal/page/portal/ESYE/PAGE-database 

 Οικονομικά και Χρηματοπιστωτικά Δεδομένα από το Υπ. Οικονομικών http://
 www3.mnec.gr/sdds/users_gr.asp

 Παρουσίαση της Ελληνικής Οικονομίας από το Υπουργείο Οικονομικών http://
 www.mnec.gr/el/economics/Greek_economy_at_a_glance/

 Δημοσιεύσεις προσχεδίων, νόμων εργασιών της βουλής   http://www.parliament.gr/
 ergasies/nomosxedia.asp
Planning and thinking is human,
  acting and creating is divine!

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Developing Innovative Marketing Plan to Augment the Visitation of Egyptian Wo...
Developing Innovative Marketing Plan to Augment the Visitation of Egyptian Wo...Developing Innovative Marketing Plan to Augment the Visitation of Egyptian Wo...
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This title is my dissertation topic which was specified in heritage marketing planning and was submitted to obtain the master degree in Heritage Conservation and Site Management jointly held from Helwan University, Egypt and BTU Cottbus, Germany. You can review this topic as well as other assignments via scientific channel "Research Gate" (https://www.researchgate.net/profile/Mohamed_Amer32).

marketingarchitectureculture
Beer Marketing Case Study: Koch Brewing Company
Beer Marketing Case Study: Koch Brewing CompanyBeer Marketing Case Study: Koch Brewing Company
Beer Marketing Case Study: Koch Brewing Company

This case analysis is based on the example written in Applegate and Johnsen's "Cases in Advertising and Marketing Management".

Basic Business Planning in Action
Basic Business Planning in Action Basic Business Planning in Action
Basic Business Planning in Action

The document summarizes a business planning workshop that focuses on four key areas: research and development, financials, operations, and marketing. Attendees were asked to envision their current and 5-year future farms from an aerial view and discuss these areas in small groups. The workshop also provided contact information for follow up consultation services.

farm businessbusiness planningresearch and development
references


 some thoughts on VC status in Greece are borrowed
 from Aristos Doxiadis opencoffee talk http://opencoffee.gr/
 2009/01/12/oc-ath-xviii-doxiadis/

 the approach on how to come up with the idea was
 borrowed from Fanis Rigas opencoffee presentation
 http://opencoffee.gr/2009/01/21/oc-ath-xviii-kariera/

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Business Planning in Real Life, Part 1

  • 1. Business Planning in Real Life part 1 Case Study : OnLine Exercise Portal Kostas Chrysagis, Yiannis Doxaras
  • 2. There is real magic in enthusiasm. It spells the difference between mediocrity and accomplishment.” Norman Vincent Peale
  • 3. Greek VC’s, same as Greek Statistics Early stage investment is purely risk management. High risk capitals. Greek Projects have low upside since they target Greek market and do not have prominent exit strategies. NOTE: aim globally! Greek VC’s seek for lower risk and large scale investments to fix their success ratios!
  • 4. When to Search for VC Estimated profit >300 K or 10 M $ for the company Good client database. 100k users or 1 key Account (eg. Vodafone GR, Nike etc.) At least one key advantage or one key differentiation to existing solutions. My question is always “Does it save some time ?”. Ask yourself similar questions. NOTE: Do not search for VC when you are competent enough to develop your beta by your own, or the initial budget does not succeed 30-40K
  • 5. Common Pitfalls in Early Stages Execution Great Idea Plan Product End User Mentality Mentality One Turn A weighted Key Person team
  • 6. Celebrated Talk: The most worthy 14:42 minutes of your business life. TED::http://www.ted.com/talks/lang/eng/david_s_rose_on_pitching_to_vcs.html
  • 7. How to come up with the Idea What you do well in life ? How to make money What I sell ? To whom ? Why would anyone care to buy ? Innovation *do not reinvent the wheel, just make a better working one People *Work with the best and make build the circumstances and the environment to attract the best. Commitment * stick to your idea until the end
  • 8. After a lot of consideration and thought we have come up with an idea that exploits the medical and athletic knowledge background of various members of our team.
  • 9. After a lot of consideration and thought we have come up with an idea that exploits the medical and athletic knowledge background of various members of our team. The Idea ? A social network for diet and training based on users exercise profiles measured with wearable sensors.
  • 10. Some Figures to Get Started Athletic Apparel and Shoes Industry is over 15B $ per year. All Athletic Companies are open to alternative marketing. (eg. Nike, Adidas, Puma have launched social media, augmented reality and mobile app campaigns) Large user bases attract more information. Good and marketable product since it appeals to modern lifestyles and beauty/fitness Supplement industry is over 2.5B $ annually. (currently not mainstream, but they try to be)
  • 11. Encouraging Investors Create a good impression Create a sense of urgency to generate momentum Frame ideas to make them more appealing Prepare a good business plan
  • 12. Business Plan A Living Document A business plan changes often as a new business develops. Do just enough business planning to get the new company started. Refine the plan with information gathered from running the new venture.
  • 13. Business Plan A Living Document keep in mind that even without funding your own startup will definitely need a business plan A business plan changes often as a new business develops. Do just enough business planning to get the new company started. Refine the plan with information gathered from running the new venture.
  • 14. Model of Successful Business Planning Closed Circle Prepare a Continue to Start the Refine the relatively grow the business business plan simple plan business
  • 15. Key Aspects Attractiveness Potential Capabilities of Potential of product market, founding team returns or service competitors Decisions about providing funds
  • 16. Components What is the basic idea? Why is the new product appealing—and to whom? How will the idea be realized? Who are the entrepreneurs? How will the venture be structured & operate? How much funding is needed? What type of financing? How will it be used? How will you realize a return?
  • 17. Successful Business Plan Orderly Cover page | Table of contents | Executive summary | Various sections | Appendices | Succinct In proper form Persuasive Be prepared to answer all devils advocate questions
  • 18. Executive Summary An impassioned statement about the wonderful things going on in the industry involved Provides a brief, clear, and persuasive overview of the new venture Target 2 to 3 pages
  • 19. fit2life portal case Sensor technology latest developments Mobile phones and programmable platforms Existing devices for exercise tracking Data mining algorithms for trend analysis Collaborative knowledge algorithms Supplement industry developments Apparel and sports wear Beauty figures and contemporary healthy way of life
  • 20. Business Plan Section Background, purpose, and opportunity Marketing Competition Development, production, and location Management Financial section Risk factors Harvest or exit Scheduling and milestones Appendices
  • 21. Background, Product, & Opportunity What is the nature of the idea driving your company and how did it arise? What does the product/service have to offer? What is the basic nature of the company? What are the company’s mission & goals?
  • 22. fit2life portal case Group of medical and fitness post graduate students. Online exercise monitoring and consulting portal Networking between members Customized and self regulating diet programs Training and goal setting/monitoring Mission: Provide better quality of life to end users
  • 23. Market Analysis What have you done to identify the market? How large is the market? How will products or services be promoted? What do you know about competing products and companies? How will the product or service be priced?
  • 24. fit2life portal case Facebook application approach 350 M users 40M 15-35 upper class, income over 60K $ /year 20% of them regular exercise regular (>3 per week) 40% of them regular exercise rarely (1-2 per week) 20% of them seeks motivation to start
  • 25. Market Research 2.0 Google Trends Google Alerts Google Searches per month Alexa page traffic (always look the first 5 top sites of the industry) [good way to mark saturated markets if number of searches== number of unique visits] See supplement industry sales forecasts See clothes and apparel industry sales forecasts common and private reports and memos
  • 26. Development, Production, and Location Where are the products or services in the development process? What are the projected costs and timetable for making the product or delivering the service? What steps have been taken to assure quality and safety?
  • 27. fit2life portal case 1 Home office Sensor fabrications and development in China (CE) Quality Control Plan Training and exercise database. Diet database. Algorithms for trend analysis Web portal, facebook application, iphone application
  • 28. fit2life portal case 2 Nike+iPod WIN Human Recorder wii biorythms fitbit
  • 29. Management Team Do team members have the experience, expertise, skills, and personal characteristics needed? Do team members having good working relationships, defined roles, and clear communication?
  • 30. fit2life portal case Medical background Statistics Electronics and embedding programming Management Sales people Fitness trainers
  • 31. Financial Plans and Projections NOTE: will be closely & carefully examined by potential investors Pro-formal balance sheet Pro-formal income statement Cash flow statement Break-even analysis
  • 32. Break even analysis with non linear sales model Multiproduct break even analysis with Linear and non-linear models. Mathematica files will be uploaded on the elearning space.
  • 33. Critical Risks Price cutting by competitors Unforeseen industry trends Sales projections not achieved Costs exceed estimates Schedules not met Lack of experience Difficulties raising required financing Unforeseen political, economic, social or technological trends
  • 34. Harvest and Exit Exit Strategies Managing Strategies
  • 35. Harvest and Exit Exit Strategies Managing Strategies For instance a startup that exploits google sketch up and google 3D buildings by developing a product that generates 3D vector objects with texture from plain images can have an exit plan a google buy out.
  • 36. fit2life portal case Buy out from Garmin Buy out from Poral Buy out from Nike and their social networking site Buy out from a large Gym chain
  • 37. Scheduling and Milestones Formal incorporation Completion of design Completion of prototypes Hiring of initial personnel Product displays Agreements Moving into production Receipt of orders First sales Profitability
  • 38. Marketing Google Ads. FB Campaign Affiliate Marketing Viral Videos [iphone app Boston Marathon] Guest Posts to Conventional Media
  • 39. Revenue Streams Membership Model Gold Membership [privileges] Social Networking, Matching Companions Supplements Affiliate Marketing Gym Advertising Apparel Advertising
  • 40. Competition Fitbit [simple data collection smart] Garmin connect. Polar. iPhone Runner App. iPhone Android Running Companion Apps. [GPS, Speed Data, future Accelometer] Nike iPhone app. Nike myTown Social Media Portal
  • 41. Differentiation Extra Data Collection [temp, humidity, acceleration, inclination, Rest, Absence of exercise] Integration with existing devices (polar, garmin, build on top of the competition) Data mining and collaborative knowledge algorithms for diet, supplement and exercise suggestions. Integration with existing training services Trainees pairing. similar exercise profiles run together at the central park people that like to play basketball for instance can form online teams and schedule plays.
  • 43. Useful Addresses Παρατηρητήριο για την Κοινωνία της πληροφορίας. http://www.observe.gr/page/ default.asp?la=1&id=103, http://www.observe.gr/page/default.asp?la=1&id=183 Πρότυπα επιχειρηματικά σχέδια από το πρόγραμμα Δικτυωθείτε για ηλεκτρονικό εμπόριο σε πολλαπλές θεματικές περιοχές. http://www.go-online.gr/ebusiness/ebps.html ΕΣΠΑ δράσεις και προκυρήξεις. http://www.espa.gr Εθνική Στατιστική Υπηρεσία http://www.statistics.gr/portal/page/portal/ESYE/PAGE-database  Οικονομικά και Χρηματοπιστωτικά Δεδομένα από το Υπ. Οικονομικών http:// www3.mnec.gr/sdds/users_gr.asp Παρουσίαση της Ελληνικής Οικονομίας από το Υπουργείο Οικονομικών http:// www.mnec.gr/el/economics/Greek_economy_at_a_glance/ Δημοσιεύσεις προσχεδίων, νόμων εργασιών της βουλής   http://www.parliament.gr/ ergasies/nomosxedia.asp
  • 44. Planning and thinking is human, acting and creating is divine!
  • 45. references some thoughts on VC status in Greece are borrowed from Aristos Doxiadis opencoffee talk http://opencoffee.gr/ 2009/01/12/oc-ath-xviii-doxiadis/ the approach on how to come up with the idea was borrowed from Fanis Rigas opencoffee presentation http://opencoffee.gr/2009/01/21/oc-ath-xviii-kariera/