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Unread 18-12-2006, 18:44
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Re: Business plan

Quote:
Originally Posted by RoboMom View Post
Here are some suggestions from a workshop I did last year. You can also search these forums for more ideas.
Going on that, try this thread for examples!
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Unread 21-12-2006, 22:03
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Re: Business plan

We...need a business plan?
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Unread 21-12-2006, 22:58
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Re: Business plan

There's no requirement for a business plan. Teams generally create business plans if they're looking to win the Entrepreneurship Award.
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Unread 22-12-2006, 12:14
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Re: Business plan

Quote:
Originally Posted by worldbringer View Post
There's no requirement for a business plan. Teams generally create business plans if they're looking to win the Entrepreneurship Award.
True, it's not a requirement in FIRST.
But very helpful if:
-seeking corporate sponsorship.
-seeking foundation sponsorship.
-And this is usually the information asked in a NASA grant.

FIRST does not tell you how to set up or run your team. But many teams run like little companies. Every team is supposed to fill out the "yearbook page" (which is very helpful to the judges). Take this information, expand a bit, and there is the start of your business plan.
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Unread 22-12-2006, 12:44
JaneYoung JaneYoung is offline
Onward through the fog.
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Re: Business plan

I like to look at it as tying all the loose ends together.
Different aspects of the team doing different aspects of the competitions/off seasons yet the business plan pulls it all together -
budget
expenditures
travel
long term/short goals
sponsorships
promotion
marketing
scholarships
--
these are just some aspects.
The better the team develops and understands the business aspects and employs them, the smoother the team operates. It is also something that is on-going, open to improvement and innovative ideas/suggestions, and can be a really fun part of the team.
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Last edited by JaneYoung : 22-12-2006 at 13:27.
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