Business Plan
Each team will develop a formal business plan. This business plan will provide all of the relevant background about the business in a format that a typical angel investor would expect.
Notes:
- each team is expected to submit their plan in hard copy and soft copy (MS-Word format) to both instructors. Where applicable, feedback will be provided on the hard copy of your plan.
- creating a business plan is as much an art as a science. Each plan must appeal to the tastes of a particular segment of investors and the individual investor. A successful business plan is one that gets funded
- while each investor has their own criteria for investing, they have common expectations for what they hope to learn from a business plan. Several business plan templates are noted under Resources and in the class text. To get ideas for your team plan, you would do well to look at the plans that have won previous Ken Spencer competitions
- given that this is an academic exercise, your papers will be graded objectively according to a business plan grading scorecard. Instructors of BUS477 and ENSC201 will independently grade the team papers. They will then meet to discuss each plan under each category of the grading scorecard, debate the scores, compromise where applicable, and assign a final grade.
- I will aim to have grades back to you on your business plans within 7 days.
- scorecards from each instructor with comments as well as hard copy business plans with comments will be available to each team.
- Top 5 team business plans by grade will be nominated to participate in Ken Spencer Competition
