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Mashroo3i Business Plan Execution Plan. BC Thaker - 25 th January, 2014. “IT IS THE EXECUTION, DUH !”. AGENDA. What goes into an Execution Plan? MAT The art of execution. “Genius is 1% inspiration, 99% perspiration.” By: Thomas Alva Edison. Big Idea.

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mashroo3i business plan execution plan

Mashroo3i Business PlanExecution Plan

BC Thaker - 25th January, 2014

agenda
AGENDA

What goes into an Execution Plan?

MAT

The art of execution.

slide7
Entrepreneur spends way too much time & energy on the big idea.

The idea without execution is useless.

The critical element is to convert the “imagination to impact”.

* Source: Govindarajan V, Trimble K, HBR

slide8
99% perspiration equates to impeccable execution.

You need to do & execute the basic fundamentals of business, day in day out.

* Source: Govindarajan V, Trimble K, HBR

slide9
Execution Plan – “how to” of your business.

It is the tool you will use regularly to manage the business, communicate your goals with a strict timeline.

slide11
MAT

“ Mat – a heavy woven net of rope or wire cable placed over a blasting site to keep debris from scattering.”

slide12
MAT

M – Milestone

A – Assumptions

T – Tasks

Sources: KAWASAKI, G – The Art of the Start.

slide14
MAT

M – Milestone

A – Assumptions

T – Tasks

milestone
Milestone

Helps you to understand the scope of your work.

Test your assumptions & provide the mechanism to identify & rectify your short comings.

The business has several goals.

milestone1
Milestone

You have to prioritize these goals.

These are the milestones. They identify the important progress on the way to achieving success.

milestone2
Milestone

7 Key Milestones:

Prove your concept (both technical & business model).

Complete design specification.

Finish a prototype.

Raise capital.

Ship a testable version to customer.

Ship the final version to customer.

Achieve break-even.

slide18
Take your mission statement & replace it with time bound list for completion of the seven key milestones !
milestone3
Milestone

You miss one of the above & your organization will die.

There can be more than 7 but these seven are the most critical.

The timing of the 7 milestone will drive the timing of everything else.

milestone4
Milestone

For each milestone we have to decide the resources required.

These resources will be the founding stone of your financial plan.

slide21
MAT

M – Milestone

A – Assumptions

T – Tasks

assumptions
Assumptions

Every new business works with certain assumptions. These could be;

Product or service standards

Market size

Sales Data

Return of investment

Technical support

Payment cycle

assumptions1
Assumptions

Monitor these assumptions continuously and when proven false react quickly.

Try to link these assumptions to the seven milestones.

As you reach the milestones test your assumptions.

slide26
MAT

M – Milestone

A – Assumptions

T – Tasks

tasks
Tasks

Major tasks that are necessary to build an organization.

Nitty gritty of business

Nuts & bolts of business.

tasks1
Tasks

Major task which are necessary to design, manufacture, transport, market & support the product & service.

Administrative tasks like renting space, accounting & hr systems.

Legal task like registration, insurance, patents, copy rights.

Financial like banking.

tasks2
Tasks

The devil is in the detail.

Entrepreneurs must understand every aspect of their business.

For each task allocate resources.

the art of execution
The art of execution

Set & communicate goals

Measure progress

Establish a single point of accountability

Reward the achievers

Follow up, follow up, follow up.

Don’t ignore Morpheus

Establish a culture of execution.