Noted in the checking of business plans

Angono, Rizal PHL   |  May 28, 2013

As I am checking the business plan submitted by Standard students and MBAH, I noted the following:

l.  For the effectual bp,  the story in the life of the entrepreneur consumed 60% of the bp;  the main parts of the bp was missed;

2.  There were no page number in quite a number of bp (this will not do in strama)

3. The bps were graded on the basis of completeness of the various parts and many parts:  eds, objectives, business model canvass, products,  were incomplete;

4.  With regards to the sales estimate, the macro and micro market were related to the number of customers/prospects  that can be had by the enterprise.

5.  Despite consultations, the cases, and the creative exercises conducted, these were not incorporated in the business plan

I will check the Business Plans today and tomorrow Christmastime

I got all the 13 business plans of the Sentrep class.  They were due December 20;  however the last day of the class was December 19.  Those who submitted last December l9 at AGSB will be graded after Jan 8, the first day of class in 2013 (RJ, who did, re - submitted via LBC -  I got her LBC send today.

5 papers were in partnership:  9 were solo. Those who are in partnership will get a maximum grade of 3 only.  Congrats to those who dared and went solo.  They learned invaluable lessons about business, business planning, research, creativity and above all entrepreneurship.

I noticed that some did not meet the basic requirement of at least 40 pages.  One paper will free me from checking because it did not meet the requirement of being written in a prescribed format. (They did not listen or read the syllabus.)

The business plan writing is a dry run for strama course. Those who listened well who understood what strategy is all about, and went through the rigor of business plan writing did well in their strama.  Well those who did not....