Series: HBR 20-Minute Manager
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Creating Business Plans (HBR...
Hbr 20-minute manager (series), harvard business review author (2014).
Delegating Work (HBR...
Difficult Conversations (HBR...
Harvard business review author (2016).
Finance Basics (HBR 20-Minute...
Getting Work Done (HBR...
Giving Effective Feedback...
HBR 20-Minute Manager Boxed...
Harvard business review author (2015).
Innovative Teams (HBR...
Managing Projects (HBR...
Managing Time (HBR 20-Minute...
Managing Up (HBR 20-Minute...
Performance Reviews (HBR...
Presentations (HBR 20-Minute...
Running Meetings (HBR...
The HBR 20-Minute Manager...
The Virtual Manager...
Leading Virtual Teams (HBR 20...
Running Virtual Meetings (HBR...
Virtual Collaboration (HBR 20...
Harvard Business Review...
Harvard business review author (2019).
The HBR Essential 20-Minute...
Harvard business review author (2017).
Creating Business Plans
Harvard business review author james edward thomas narrator (2022).
Delegating Work
Finance Basics
Getting Work Done
Giving Effective Feedback
Innovative Teams
Harvard business review author mark cabus narrator (2022).
Managing Projects
Managing Time
Managing Up
Performance Reviews
Presentations
Running Meetings
Difficult Conversations
Harvard business review author jonathan yen narrator (2023).
Leading Virtual Teams
Harvard business review author james edward thomas narrator (2023).
Running Virtual Meetings
Virtual Collaboration
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Creating Business Plans (HBR 20-Minute Manager Series) by Harvard Business Review
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Why Write a Business Plan?
Getting started
The structure of a business plan
Describing the Opportunity
Presenting your idea
Executive summary
Business description
Analyzing the business environment
Industry background
Competitive analysis
Market analysis
Introducing Your Management Team
Highlighting qualifications
Presenting the team as a unit
Bringing Your Product to Market
Operations plan: Articulating day-to-day business
Marketing plan: Promoting your value proposition
Projecting Financial Risk and Reward
Preparing your financial plan
Anticipating readers’ concerns
Attachments and Milestones
Supplemental information
Test Yourself
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Creating Business Plans (HBR 20-Minute Manager Series)
Chapter 30: test yourself.
Test Yourself
Below you’ll find 10 multiple-choice questions to help you assess your knowledge of creating business plans. Answers appear after the test.
1. A mission statement, which describes what your business is about and its philosophy and vision for the future, is best placed in the:
a. Executive summary
b. Marketing plan
c. Operations plan
2. To impress potential investors, include detailed, month-by-month financial projections and forecasts for at least 10 years. True or false?
a. True
b. False
3. The balance sheet is:
a. Also known as a pro forma profit and loss statement.
b. An expression of the business’s assets and liabilities.
c. A statement that shows the times of peak need and peak availability of cash flow.
4. Weighing the cost to acquire a customer against the long-term value of that customer helps you:
a. Decide which marketing strategies are most appropriate.
b. Better understand your competitors’ sales strategies.
c. Develop a realistic operations plan.
5. The ________ is the minimum rate of return that is expected of all projects in a company.
a. Hurdle rate
b. Gross margin
c. Return on investment
6. The management summary is best executed as an attachment that includes the résumés of your management team. True or false?
7. A financial tool that shows the point at which your business or venture is expected to neither be losing money nor making money is a:
a. Risk/ Return graph.
b. Cash flow analysis.
c. Breakeven analysis.
8. When researching the competitive outlook for your industry, it’s wise to consider:
a. How much of a threat your competitors pose to your venture.
b. Whether your competitors will aggressively block your entrance into the market.
c. Who else might be able to observe and exploit the same opportunity that your new venture will capitalize on.
d. All of the above.
9. The executive summary portion of your business plan is best written after you draft the rest of the plan. True or false?
10. When you’re developing the milestones for your business plan, it’s generally advisable to do all of the following
a. Include only major events, not every individual step.
b. Use actual dates.
c. Leave time in the schedule for the unexpected.
d. Develop an ambitious schedule you can meet.
Answers to test questions
1: a. An executive summary is a concise description of what your company is, where you want it to go, and why it will be successful. It gives readers an understanding of your proposal, and—importantly—captures their interest in your new venture, which is why it’s the best place for a mission statement.
2: b. Be careful not to devote too much space to numbers and too little to the information that matters most to potential investors. Most reviewers are well aware that financial projections for a new company, especially comprehensive, month-by-month forecasts that extend for years and years, are little more than optimistic fantasies.
3: b. The balance sheet is an expression of a business’s assets and liabilities. Assets include items like ready cash, accounts receivable (money owed to you), inventory, and real estate. Liabilities include things like debts from outstanding loans.
4: a. Weighing the cost to acquire a customer against the long-term value of that customer helps you decide which marketing strategies are most appropriate.
5: a. The company’s hurdle rate is the minimum rate of return expected for all projects. If a project or venture doesn’t pass the company’s hurdle rate, it may not get approved or funded.
6: b. Many investors say that the management summary is one of the first sections of a business plan they read, so take special care to craft one that demonstrates how leaders will make the business work as a finely formed, dynamic unit.
7: c. The breakeven point is the pivotal moment when a business can begin to earn a profit. Readers want to know when and at what level of sales that will occur, and this form of analysis enables you to provide that information.
8: d. All of the above. Also consider whether rivals will recognize the attributes that set you apart and appropriate them for their own products or services.
9: a. The executive summary should be a concise presentation of the major points in your business plan, so it is best written last. If you were to write it at the beginning, you’d probably end up making significant revisions later.
10: b. It’s generally not advisable to use hard dates in the milestone portion of your business plan because specific dates aren’t always needed, and they leave you less wiggle room. Instead, use generic dates, such as six months or one year.
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Book. Creating Business Plans (HBR 20-Minute Manager Series) By: Harvard Business Review. Craft winning business plans and get buy in for your ideas. A well-crafted business plan generates enthusiasm for your idea and boosts your odds of success--whether you're proposing a new initiative…. Length: 160 page (s)
The Virtual Manager Collection (3 Books) + Tools. By Harvard Business Review. July 12, 2016. $79.95. Quick view. 1. HBR's 20 Minute Manager series helps you get up to speed fast on essential business skills. Each book is a concise, practical primer to help you brush up on key management topics.
User reviews (1) İsmail_uz. 5 stars4 stars3 stars2 stars1 star. 5/5. A handy book on preparing business plans. Written precisely. Not a very detailed one, since it contains less than 100 pages excluding index, quiz, reference and further reading, but still it is one of the best step-by-step guides. Strongly recommend it.
Whether you need a crash course or a brief refresher, each book in the series is a concise, practical primer that will help you brush up on a key management topic. Advice you can quickly read and apply, for ambitious professionals and aspiring executives--from the most trusted source in business. Product #: 16998. Pages: 160.
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Harvard Business Review Press, May 6, 2014 - Business & Economics - 160 pages. A well-crafted business plan generates enthusiasm for your idea and boosts your odds of success--whether you're proposing a new initiative within your organization or starting an entirely new company. Creating Business Plans quickly walks you through the basics.
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Product information. Title: Creating Business Plans (HBR 20-Minute Manager Series) Author (s): Harvard Business Review. Release date: May 2014. Publisher (s): Harvard Business Review Press. ISBN: 9781625272270. Craft winning business plans and get buy in for your ideas. A well-crafted business plan generates enthusiasm for your idea and boosts ...
Harvard Business Review is the leading destination for smart management thinking. Through its flagship magazine, 13 international licensed editions, books from Harvard Business Review Press, and digital content and tools published on HBR.org, Harvard Business Review provides professionals around the world with rigorous insights and best practices to lead themselves and their organizations more ...
This set includes full digital editions of all eight books in the series, including HBR's 20-Minute Managers on: Finance Basics, Presentations, Managing Projects, Delegating, Running Meetings, Managing Time, Managing Up, and Creating Business Plans. Each of these is primer on these necessary skills--all from the most trusted name in business.
Adobe PDF eBook 19; Kindle Book 17; OverDrive MP3 Audiobook 16; OverDrive Listen 16; Media type. eBook 21; ... HBR 20-Minute Manager (Series) Harvard Business Review Author (2017) Creating Business Plans HBR 20-Minute Manager (Series) Harvard Business Review Author James Edward Thomas Narrator (2022) Delegating Work
Get up to speed fast on the most essential business skills with Harvard Business Review 's 20-Minute Manager series. Whether you need a crash course or a brief refresher, each audiobook in the series is a concise, practical primer that will help you brush up on a key management topic.
Get Creating Business Plans (HBR 20-Minute Manager Series) now with the O'Reilly learning platform. O'Reilly members experience books, live events, courses curated by job role, and more from O'Reilly and nearly 200 top publishers.
A well-crafted business plan generates enthusiasm for your idea and boosts your odds of success--whether you're proposing a new initiative within your organization or starting an entirely new company. "Creating Business Plans" quickly walks you through the basics. You'll learn to: (1) Present your idea clearly, (2) Develop sound financial plans, (3) Project risks--and rewards, and (4 ...
Today's big idea comes from Harvard Business Review and their 20-Minute Manager series. The series is designed to get you up to speed on crucial business ski...
Get up to speed fast on the most essential business skills with HBR's 20-Minute Manager series. Whether you need a crash course or a brief refresher, each book in the series is a concise, practical primer that will help you brush up on a key management topic. ... Creating Business Plans (HBR 20-Minute Manager Series) Chapter 14: Industry background
A curated collection of the business basics to fuel your success. You'll get up to speed fast on the most essential business skills with this set of concise, practical primers. "Finance Basics" explains the fundamentals of corporate finance--and its jargon; "Running Meetings" gives you the tools and checklists you need to keep your meetings effective and efficient; "Presentations" helps you ...
Get up to speed fast on the most essential business skills with HBR's 20-Minute Manager series. Whether you need a crash course or a brief refresher, each book in the series is a concise, practical primer that will help you brush up on a key management topic. ... Creating Business Plans (HBR 20-Minute Manager Series) Chapter 30: Test Yourself
Creating Business Plans. Each of these is primer on these necessary skills--all from the most trusted name in business. ... Get up to speed fast on the most essential business skills with HBR's 20-Minute Manager series. Whether you need a crash course or a brief refresher, each book in the series is a concise, practical primer that will help ...
Managing Projects walks you quickly through the basics, including: (1) Drawing up a realistic schedule and project plan, (2) Monitoring key tasks and benchmarks, (3) Communicating with stakeholders, and (4) Bringing the project to a close. About HBR's 20-Minute Manager Series: Don't have much time?
Harvard Business Review publishes new and authoritative ideas for improving the practice of management. Written by leading business thinkers and executives, HBR gives readers a first look at cutting-edge ideas and their real-world applications in areas like strategy, leadership, marketing, team management, and professional development.