TiE Young Entrepreneurs

Class of 2008-2009

$10,000 Business Plan Competition Winners Announcement @ TiECON East – May 21, 2009

• Final Presentation Date: May 16, 2009

• Mock Presentation Date: April 17, 2009 (10 Weeks Away)
• Complete Team Selection – February 14, 2009
o E-mail your Team Information to Hooman Hodjat (hhodjat@gmail.com)
 Share your Top 3 Ideas (1 Paragraph Description of Product or Service)
o If not in a team, e-mail your areas of interest
• Milestone 1 – Define your product/service – February 28, 2009
o Complete Opportunity Assessment / SWOT
o Complete Market Research
 Identify Target Market
 Define Market Size
 Competition
o There will be a work session at 930 Winter Street on February 28, 2009 9-12 pm
• Milestone 2 – Develop Marketing Strategy – March 7, 2009
o Define Value Propositions – Cost Benefit Analysis
o Develop Marketing Plan to Reach target customers
o Develop Revenue (Business) Model
o There will be a work session at 930 Winter Street on March 7, 2009 9-12 pm
• Milestone 3 – Develop Financial Plan – March 21, 2009
o Build Income Statement
o Define Cash Requirements – How much and for what?
 Simple Cash Flow Model
o There will be a work session at 930 Winter Street on March 21, 2009 9-12 pm
• Milestone 4 – 1st Draft of Business Plan Presentation – March 28, 2009
o Executive Summary
o Opportunity Definition
o Market Size
o Team
 Background, Experience, Interest, Responsibility
o Revenue Model
o Financial Statement (Income Statement)
o Competition
o There will be a work session at 930 Winter Street on March 28, 2009 9-12 pm
• Milestone 5 – 1st Draft of Business Plan – April 17, 2009
• Milestone 6 – Final Business Plan and Presentation – May 16, 2009