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Achieving Business Success: The MBDA's Guide to Effective Business Planning

Learn how to create a comprehensive business plan with the help of the MBDA, aimed at fostering growth and competitiveness for minority-owned businesses in the U.S. Through traditional plan sections and the Business Model Canvas, gain insight on key areas for success. Understand the importance of ongoing planning with a focus on team input, past performance, SWOT analysis, and setting highly specific goals for short-term success.

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Achieving Business Success: The MBDA's Guide to Effective Business Planning

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  1. Business Planning

  2. Authority The only Federal agency tasked with creating new jobs by expanding the U.S. economy though the Nation’s minority-owned businesses Vision Economic prosperity for all American business enterprises Mission To foster the growth and global competitiveness of U.S. minority-owned businesses

  3. Integrated Network of MBDA Business Centers

  4. Contracts and Capital—4.8B in FY 2013 (Dollars in Billions)

  5. MBDA Jobs Creation – 25,704 in FY 2013

  6. Why write a business plan?

  7. Traditional Business Plan Sections • Business description • Market/industry analysis • Product/Service • Organization/Management • Marketing and sales • Financial projections

  8. Business Model Canvas • Key partners • Key activities • Key resources • Cost structure • Value proposition • Customer relationships • Sales channels • Customer segments • Revenue streams

  9. Ongoing Business Planning Emphasis on: • Input from team • Past performance • SWOT • Short range goals: 365/30 • Highly specific goals

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