Robotics business plans

[Mc Kenna]

A couple things a mentor is going to be your best place to learn this type of thing so hopefully you have one who can help you. That said the white papers are a good place to start but also just spend some time with Google there is a whole lot of great ideas out there.

One of the things you will pretty quickly notice there are a lot of ways to write a business plan, picking what style will depend on two things who you are and who you are pitching(presenting too). We all have a style to how we talk/think/work ect you need to pick a style that works for you/your team (For example we wrote 254 and 1868’s plans very differently). The other thing is think about who you are presenting to, are the judges going to be VC’s or are they going to be accountants or engineers? Each of those different groups will prefer a different style and they will have regional differences as well and that should be considered. Just keep this in the back of your head.

So now for actually writing one
1) Companies exist to sell the solution to a problem. You buy a pen because you need to write something. What problem are you solving with what widget you produce? Are you selling your team’s ability to produce great future engineers? To promote FIRST? To sell those light bulbs? To help to community?
a. There are no wrong answers here and there can be more than one answer, ie “team XYZ is really spiffy because we constantly produce top students who spend their free time helping the community and saving kittens out of trees”
b. You at this point also need to have some idea of how you are fixing that problem. Tied into this why you? What are you doing that’s special why should you get the award/funding/money/gold stars
i. Personally I’m a big fan of http://www.gartner.com/technology/re...esearch_mq.jsp They are a really great exercise in helping you to think about what you do, what others do, and where you can improve to gain market share.
2) Before you get into the really technical side of the b-plan I would take a look at http://blog.guykawasaki.com/2005/12/...#axzz1WGnoAOtw this is a very very venture style concept but it’s a really great exercise try to make one for your team and follow the rules.
a. Note this is great practice for your judges you will never have time to get through a full plan with a they don’t have time nor will they read all 20+ pages of a full out prospects plan. If your luck you will get 10 min but done right you can get though this style of pitch and then give them the full one to read/show you did it.
Those are a good starting point combined with the white pages you should have some idea of where to start. If you need more help feel free to shoot me a message.