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The Business Plan More Than Fund Raisers & What Was Spent

This presentation explores the importance of a business plan for FTC teams, outlining past success, current funding needs, and future plans for sustainability and talent development. Learn how to effectively engage sponsors, use graphics, and create a long-term strategy for team growth.

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The Business Plan More Than Fund Raisers & What Was Spent

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  1. Dan Kinzer Raytheon Test Engineer 10 yr+ Mentor FTC Teams 506, 516, 3101FTC Business Plan The Business Plan More Than Fund Raisers & What Was Spent

  2. A Business Plan Details the Financial Past, Present & Future of the Team • Building On The Past • From the End of Last Season to Present About 18 Months • Using Dated Material -- Identify It With a Purpose • Outline Past Success -- With Future Impact • New Teams, Why Did You Start • Don’t Dwell On the Past • Past Performance Does Not Insure Future Success • It May Not Keep the Judges Attention Long

  3. The Business/Strategic Plan: Identify the Purpose for a Business Plan for your Team. Outlining Team Goals, Outreach & Funding Needs NOW, The Present • Identify What Do You Need • How much money does your Team need: • To get started and for what? The Budget • To Raise Through Fundraising Efforts? • Anticipate Raising through Grants? • To Raise through Sponsorship? • Community Efforts Which May Not be Linked to Funding • This gives the team Personality & Promotes the Effort • Sponsors & Keeping Them • How will you promote a Sponsor if you receive Funding? • Logo on Team t-shirts and flare. • Robotics Demo / Photo Ops • Letters of Recognition & Grant Requirements • Framed Pictures with Their Logo Are you planning to use a Trifold Business Plan to seek out Sponsors?

  4. The Business/Strategic Plan: Show Them The PIE, Graphics Are Key • PIE Charts Pie Charts are Really Effective at Displaying Distributions • Income Pie, Where Did It all Come From • Team Dues • Fund Raisers • Grants • Sponsorships • Expenses Pie, Where Did It All Go, The Budget • Capital Assets Purchased • New Hardware & Electronics • Recycled Hardware

  5. The Business/Strategic Plan: Show Them The PIE, Graphics Are Key • Show Them The Bottom Line • Costed Bill Of Material, What A BOM, That is a Good Thing • The Costed Bill Of Material

  6. Sustainment Plan: FutureTeams In For The Long Haul • Funding & Assets Into the Future • New Electronics Choices • Programming Platforms & Sensors • Mechanical Drawing Platforms • Replacement of Consumable Parts • Mechanical Parts Development • Phased Team Asset Plans, Do You Have Parts to Expand. • Building Future Talent, How Deep is the Pool • Recruitment Of New Members • Recruitment Of Future Teacher Sponsors, Mentors, Parents. • Team Mix for Development of Talent • Students Mentoring Students • What Is The Legacy Of Your Team

  7. Questions ?????? • Schedules • Business Plans • Sustainment Plans

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