Business plan-competition

Business plan-competition

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  SRLIM-SGPC JOINTLY ORGANISES CHAMPION OF CHAMPIONS A BUSINESS PLAN COMPETITION On 27th September 2014 At: TIFA-CORE, Athwalines, Surat (8.30am - 5.00pm) About SRLIM: Sarvajanik Education Society, a premier educational society established in 1912, has under its care 38 Institutions imparting quality and economical education to 35,000 students. Under its flagship it governs one of the prominent Self-Finance Management Institute – S.R. Luthra Institute of Management (SRLIM). SRLIM is a renowned management Institute in the region, providing quality management education through a 2-year full time MBA Programme. SRLIM is currently affiliated to Gujarat Technological University, Ahmedabad, and has the intake of 240 students. About SGPC: South Gujarat Productivity Council is an organization to promote productivity culture in South Gujarat region, established in the year 1992 with full support of the Southern Gujarat Chamber of Commerce and Industry, Surat. SGPC is affiliated to National Productivity Council under the Ministry of Commerce and Industry, Govt. of India. It is an autonomous tripartite, non-profit organization with representation from Government, employers’ and employee’s organizations, apart from technical and professional institutions on its Governing Body besides, providing training, consultancy and undertakes research in the area of productivity.
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  About the BusinessPlan Competition Not just ideas - The SRLIM-SGPC CHAMPION OF CHAMPIONS Business Plan Competition (CCBPC) is a comprehensive platform that helps student entrepreneurs and their teams develop and launch their businesses, and providing a network for brainstorming, feedback, and future business opportunities. Objectives:  To encourage Innovation.  To create structure and process for the Business Plan Competitions for leading academic institutions across the state so that the Innovative ideas born through these competitions are taken forward to become real businesses.  To create a platform where any individual or team can post their innovative ideas and seek mentoring, access to incubation and angel funds to help them create a real business. Judging Criteria: A panel of experts from academic, industry, business and investment groups would shortlist the proposals submitted for the preliminary round and decide the final list of participants for workshop and further mentoring. Some of the evaluation criterion that the Judges normally consider while looking into a Business Plan are:  Financial Projections (Copy book style)  Market potential and sizing in numbers  Business viability and feasibility  Quality of product(s) and/or solution(s)  Quality of Team work  Market opportunities and competition  New concepts and innovativeness of the proposal  Areas of application of the proposed business  Potential of the proposal to improve and impact the quality of life  Most elegant design for a challenging problem  Presentation skills and slide management Agenda: 08.00 am to 08.30 am : Registration at the SRLIM premises. 08.30 am to 10.30 am : First round of Business Plan Presentations at SRLIM Premises. 10.30 am to 11.00 am : Break for High Tea at TIFA-CORE, Next to SCET, Surat 11.00 am to 12.30 pm : Inaugural Function and announcement of finalist for final round 12.30 pm to 01.30 pm : Lunch Break 01.30 pm to 04.30 pm : Final Round of Business Plan Presentations 04.30 pm to 05.00 pm : Valedictory Session
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  Sample Business Planand Guidelines for the Participants Select any one area from any one industry  Textile  Agriculture and allied Industry  Diamond and jewellery  Information Technology  E-Commerce  Engineering  Retail  Biotechnology  Hospitality  Healthcare  Franchise  Education  Any Other Industry of your choice Important Note: All Business Plans have to be compulsorily IT enabled models. Sample Business Plan Format The following format should provide a good overview. However, there is no compulsion for you to use the same format. 1. Business  Company’s business (A description short enough to fit on a business card is great)  Mission statement (What problems does your company seek to solve?) 2. Products  Product (or Service) description  Development schedule (What stage are you in?)  Price point (What would typical pricing for your product or service be?) 3. Market  Customers (what kind of customers would your product or service appeal to?)  Historic and projected sizes (of your market)  Product match to market definition (How does your product appeal to your customer?) 4. Distribution  Sales channels (Will you sell direct? Partnerships? Franchises?)  Partnerships (What sort of sales partnerships would you need, if any?) 5. Competition  Competitors (Who are your direct and indirect competitors?)  Competitive advantages (Why is your product or service better?)
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  6. Team Background of management (Include the education and experience that each person has)  Board composition (Who are the members of your board? Advisors? Give details) 7. Financials (include as many as you can of the following)  Historic (if existing company) and projected Profit & Loss  Projected cash flow  Current balance sheet  Projected head count by functional area (R&D, sales, marketing, G&A) 8. Deal (If you are seeking to raise money)  Amount sought  Valuation asked  Use of proceeds What shouldn't be there in a B-plan Too much detail too early: Typically startups don't have all the information that can constitute a proper plan, so keep it crisp. Some accelerators expect only a one page note with 10 points for early-stage companies. Exaggerate the opportunity: Hype may downgrade your start-up in the eyes of investors. Such plans, even when presented to multiple investors, do not draw a response. Set over-ambitious goals: Entrepreneurs have a tendency to make their projections too optimistic. Do not put long-term milestones— 18-month to two-year projections are enough. Ignore competition: It is vital to be aware of current and potential competitors. List all possible rivals and show how you are better or different. Formatting Errors: Business plans must not be too detailed and unwieldy. Do not make errors—in spelling, grammar or in calculations. Jargon and acronyms should be avoided. What should be there in a B-plan Define Customer Need: Investors may be unfamiliar with the market a startup is focusing on, so explain assumptions. Try to use pictorial representations and diagrams. Highlight Team Strengths: Communicate how many people you need and state how much they will cost. Correlate spending with earning: In the finance plan, add milestones and projections for a maximum of two years. Founders may make the mistake of projecting revenue of ₹ 100 crore when the market is only ₹ 200 crore. Provide clarity: If you need ₹ 10 million, say why, how you will spend it and what returns an investor can expect. Pay attention to details: Presentation matters, especially in contests where a team gets limited time to present a plan. Some perform a skit; others begin with startling statistics or show an interesting video. Some Cool Formats for biz plans Mind Map: The plan is pictorially shown with branches leading out of a single idea. They depict various categories -customer, market and financial data. Mobile App: A plan embedded within a digital app allows viewers to click on topics that they want to explore. Comic Strip: Cartoons with thought bubbles can replace 'boring' text in power point presentations. Animation Movie: Similar to a play, an animated video can simulate the various aspects of a business. Drama/Skit: The founders act out the concept of their business in the form of a play, showing the problem they are trying to solve and the beneficiaries.
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  Guidelines:  Maximum3 teams per college can participate.  No. of team members should not be less than 2 and more than 4.  Each team has to select only one area under any one industry. (for e.g. Printing and Embroidery unit in Textile Industry)  Plan should include all the components mentioned here.  In the preliminary round, all teams will be required to make a presentation of 15 minutes each. Out of all the presentations, best 5 teams will be selected for final round of presentation.  In the final round 30 minutes will be given, which consists of 20 minutes for presentation and 10 minutes for question answer session.  It is desired that instead of putting long paragraphs, only bullet points should be stated. Reading of slides should be avoided.  Best three business plans will be awarded first, second and third prize.  Each team will have to pay ₹ 500 at the time of registration. Payment can be made through DD in favour of “S. R. Luthra Institute of Management” payable at Surat. You can also pay cash or directly deposit money to Surat People’s Co-Operative Bank Nanpura Branch; Account No. 104081150099, IFSC code: SPCB0251008.  All entries must reach us along with the fee latest by 10h September, 2014. Registration form can be downloaded from our website www.srlimba.org.  All the participants are eligible for certificate of participation provided they remain present till the valedictory function.  All the teams have to prepare a synopsis in soft and one hard copy, which should not be more than 1000 words and must reach us by 10th September, 2014.  All the teams have to prepare a full and final business plan in soft and one hard copy, which should not be more than 4000 words and must reach us by 15th September 2014.  Teams can submit soft and hard copies of synopsis and business plan at the address mentioned below. For any further queries please contact:- Mr. Riddhish Joshi @ 9825504599 Mr. Avnish Hirpara @ 9898991388 ([email protected] ) ([email protected]) Dr. Vijayendra Gupta @ 7874650142 ([email protected]) S. R. Luthra Institute of Management South Gujarat Productivity Council M.T.B. College Compound, B-303, Tirupati Plaza, Near Collectorate, Near Adarsh Society, Athwalines, Surat. Nanpura, Surat. Tele : 0261- 2240 103/2240 129 Tele : 261-2463399/9898991388 Website : www.srlimba.org Website : sgpcsurat.com E-mail : [email protected] E-mail : [email protected]
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  REGISTRATION FORM CHAMPIONOF CHAMPIONS A BUSINESS PLAN COMPETITION JOINTLY ORGANISED BY SRLIM-SGPC on 27th September, 2014 Name of the College : ______________________________________________________________________________ Department/Course : ______________________________________________________________________________ Name and Contact Number of Co-ordinating faculty : ____________________________________________ ________________ Participants details : Name Contact No. E-mail Address 1.________________________________ _________________ _____________________ 2.________________________________ _________________ _____________________ 3.________________________________ _________________ _____________________ 4._______________________________ _________________ _____________________ Details of registration fee payment : Cash Demand draft/ECS details Date : _______Bank Name & branch : _______________DD/ECS No.:__________ _______________________________ Stamp and Sign of HOD Important Dates : Last date of Registration : 10th Sep, 2014 Last date of submitting Synopsis : 10th Sep, 2014 Last date of submitting Business Plan : 15th Sep, 2014 Contact Details : Mr. Riddhish Joshi : 9825504599, Dr. Vijayendra Gupta : 7874650142, Mr. Avnish Hirpara : 9898991388