His combination of journalism chops, personal experience and involvement in the entire entrepreneurial ecosystem makes Marc Kramer a skilled communicator in the field of entrepreneurship.

Mark P. LoschiavoSr. Executive-in-Residence, LeBow College of Business, Executive Director, Drexel University’s Laurence A. Baiada Center for EntrepreneurshipPresident, First Serve Strategies

BUSINESS PLAN PROCESS

Many people, who write business plans usually ask their client a series of questions, take the clients financials and then write a business plan. Because we have a lot of experience at starting, operating and turning around businesses, we start with figuring out how the business will make money and then we come up with creative ways to market, sell and retain customers.

When we develop financials we know the process for asking for a sale and how long that sale takes to make. We just don't take a percentage of the market and multiply it by a number and state that is the revenue projections. Sales never come as quickly or happen as planned, so we try to think of all of the things that could go wrong or what we know will go wrong based on our experience.

The following is our 15 step process in developing business plans.

 Steps Process
  Step One   Developing Financial Model
  Step Two   Developing Executive Summary
  Step Three   Researching Market
  Step Four   Developing Marketing Strategy
  Step Five   Developing Sales Strategy
  Step Six   Developing Retention Plan
  Step Seven   Developing Competitive Analysis
  Step Eight   Developing Launch Plan
  Step Nine   Developing Operations
  Step Ten   Provide Client with Pre-Draft
  Step Eleven   Review Pre-Draft With Client
  Step Twelve   Make changes to Pre-Draft
  Step Thirteen   Provide Draft to Client
  Step Fourteen   Have Outside Professionals Review Plan
  Step Fifteen   Edit Final Document

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