Business Plan Writing 101: Wharton Entrepreneurship Series
Wharton Entrepreneurship Workshop, “Business Plan Writing 101,” featuring Patrick FitzGerald, C’97, Managing Director of DreamIt Ventures. FitzGerald discusses what is required to write an effective business plan.
#entrepreneur #businessplan #wharton
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@Gladys_smith
9 ай бұрын
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@luis-gabriel1
9 ай бұрын
That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
@christianaemilio1
9 ай бұрын
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@Gabrielle..
9 ай бұрын
Working with a financial advisor who has worked in a solid financial firm for a long time, such as John will actually set you up for success in life. I'm delighted I was able to reach out to "John Desmond Heppolette" earlier this year because while others were grumbling about the downturn in the markets due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone, which is why it's always good to join the correct community.
@andymarion
9 ай бұрын
Great information, finding John Desmond Heppolette, was a simple process. Before we planned our phone call, I made a research of his full names online, based on his online resume he appears to be knowledgeable and well accredited..
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made 460,000k in 4 months from 160k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.
@Gracej34
9 ай бұрын
Investing in stocks is a good idea, a good trading system would put you through many days of success..
@FeliciaJudge
9 ай бұрын
@@Gracej34 I’ve been on both end of the spectrum, I was investing on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfoIio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.
@jamesclay234
9 ай бұрын
@@FeliciaJudge
@FeliciaJudge
9 ай бұрын
@@jamesclay234 The adviser I'm in touch with is ''Elizabeth Pan Holt'' she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on
@margaritasbunny
9 ай бұрын
@@FeliciaJudge I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
God Bless the guy who came up with recording it!! By getting a degree in Business I still have never received such a good lecture. Thanks from the bottom of my heart!
@ReviewBae
Жыл бұрын
SERIOUSLY!!
00:08 - Opening 01:52 - Outline 02:54 - 1) What is the company? (Intro) 05:54 - 2) Who am I giving $$ to? (Mgmt Team/Bio) 08:50 - 3) How does it work? (Operations/User Experience) 20:10 - 4) Where does it belong? (Marketplace) 29:29 - 5) Why hasn't this been done? (Competition) 23:23 - 6) How quickly will I know if I will make or lose my money? (To Market Strategy/Roadmap) 33:12 - 7) What are the numbers? (Revenues) 37:55 - 8) How much do you need? (The Ask) 40:11 - Questions
@vedantyogesh8519
3 жыл бұрын
Thank you for the timestamps. They really helped me revise the lecture.
@MisterExclusiv
3 жыл бұрын
This should be pinned.
@martinthomas4578
3 жыл бұрын
Yeah good idea
@thorthenoob2588
3 жыл бұрын
or just watch the video... what a concept....
@blakerich5804
3 жыл бұрын
Not all hero’s wear capes
FINALY, A VIDEO THAT REALLY EXPLAINS HOW TO MAKE BUSINESS PLAN!!! THANK YOUUUUUUUUUUUUUUUUUU!!!
@sigeroma6853
5 жыл бұрын
Nice
@memefreak2738
4 жыл бұрын
THANK you!!!!!!
@amranow8783
3 жыл бұрын
Is there a part 2?
@OLink9
3 жыл бұрын
thankl you samir
@Zo-hc2fn
3 жыл бұрын
there is the classic store let's call it 1.0 products almost never change the owner chose the products it is boring now, there must be a new store let's call it 2.0 products always change people choose the products there will be via an app on the app, there is a huge catalog, people choose the products that will show up in the store the store is constantly being supplied with the products people choose
it's 2024 and I'm only 7 minutes in and I'm learning so much 💕💕 This is getting me pumped!
Writing a business plan, plain and simple. An information video for those starting up.
"You are going to build it and no one is going to come. How are you going to get people to use your product/service?" This whole seminar was fantastic. I loved the audience engagement throughout- thank you a ton!
@formula1-redemption727
3 жыл бұрын
that is what advertisings for.
@NazriB
2 жыл бұрын
Lies again? Powered By AWS
This video just helped me land a deal for larger manufacturing space, additional mid-volume manufacturing contracts, and 6 months of working capital in an equity deal. All in one day! Great work y’all!
@ginatembo8003
Жыл бұрын
Congratulations Tyler. That's amazing stuff. All the best!
This guy is a great teacher. He gave me the same feeling that I get from watching Shark Tank.
An important aspect of entrepreneurship that tends to go undiscussed. Thanks for sharing.
This was perfect. This guy can start an online class he would kill it.
This is awesome. Thank you. I will probably watch this video several times over as I write my business plan.
@sourabhparit5491
3 жыл бұрын
Have you completed it by now?
@jackiechan6460
3 жыл бұрын
@@sourabhparit5491 Yup. And I live in a different state now. I have one of my very good friends help me run it. He's my manager.
@sourabhparit5491
3 жыл бұрын
@@jackiechan6460 Good for you👍👍
@jackiechan6460
3 жыл бұрын
@@sourabhparit5491 Thanks. Put in the work and you'll eventually enjoy it.
@manuvies
3 жыл бұрын
Did u finally write your business plan?
Love this video it really helped me set up my steps and cut it in half my top 500 start-up is close to being finished thanks to your video
Excellent advice, I’m actively involved in the financial market, since I got to understand how trading works better. I follow these general simply rules and this has worked amazing for me. Diversify, dollar or pounds cost averaging investing method, portfolio re-balance every quarter and I’ve found a mix of managed and index funds has worked out the best for me.
@andrescastillo2043
3 жыл бұрын
I’m aware it liquidates cash easily on different capital spreads, What are your thoughts on a developed market for long term growth potential?
@kimothyolsen3858
3 жыл бұрын
Dave Gustavo these are suitable steps for seeking greater cash flow on long term trends but if things were that simple, one could just set their asset allocation variables and let it ride. Never forget all market commodities is as unpredictable as a sunspot and assets prices drives the economy.
@davegustavo4726
3 жыл бұрын
@@kimothyolsen3858 about 78% of my portfolio is in passive index funds and ETFs. I’ve an account manager with a taxable brokerage that I invest in stocks and commodities. It’s comfortable for me this way, I made another purchase in September. We’ll see how it does over time I feel like even if 20% of my portfolio underperforms, I’ll still generate income from other spreads. Better than spending my money on an expensive car or vacation lol.
@tonydhaliwal989
3 жыл бұрын
@@davegustavo4726 I have considered putting into practice this investing method. Without doubts i believe a financial consultant is preferred. How do I get to begin with your help?
@davegustavo4726
3 жыл бұрын
@@andrescastillo2043 Don’t try to time the market, don’t think you’ll be able to sit in cash until stocks are a good buy. Just dedicate yourself to a managed service, stick with it, rebalance annually and get colossal profits.
My compliments to Wharton School for this concrete video related to business plan writing, that touches all main aspects of business planning
Massively helpful information. Thanks!
Is it me or he looks slightly like Chandler? Great video anyway. Very informative, real life example but yet not boring. That's exceptional. Plus he looks really a humble guy. Like if i meet him and ask "Sir can you help me with this busniess plan, he will actually sit and help me write it."
@leninasconchshackrestauran7297
3 жыл бұрын
I believe he really would!
Wish all my teachers were like this guy
@amol12011982
7 жыл бұрын
hjjjkkoppppp
@ogdumplings8196
3 жыл бұрын
Teachers who really know their xxxx usually go to the business, "no one has time to repeatably comfort that ignorant teen." as one of my favorite lyrics goes.
This was great. I’d love to see a lecture on product pricing. What to consider in the price tag of your services
Thank you just wish the audio for question from the class was better it was hard to hear, but that's minor. Thank you again.
This was FANTASTIC. Thank you for sharing this high-level knowledge and experience.
I wish there was a microphone to hear the student questions and responses..
thank you for sharing this informative video would love to see the whole series on business 101 and advance level.
I guess "a student surfing on facebook" is a must for these kind of educational videos.
How are you going to make money? What are your costs? How are you going to grow? How are you going to take your company to the next inflection point? Deceptively simple questions. Thank you for this insightful video!
I wish I could have watched this video 10 years ago. However, I hope it will not be too late. Well explained!
The diagram has life u see everything a business need to come alive, genius work done by a genius. Thanks
Very, informative. Suggestion- I would love subtitles for the questions from the students or raise up the audio volume for their voice.
@anncazares111
5 жыл бұрын
Cecilia Kim I appreciate speakers who specifically repeat the entire question prior to answering it.
Hoo.This is it.Bring it on.Let’s learn.
Great video! Thanks for posting this wonderful classroom lecture.
Comprehensive. Educational and effective planning. Thank you 🙏🏼 for this.
This is incredibly helpful and precise. Thank you so much!
There are so many different variables in running a business. One of the biggest issues is how diverse that business may be with the people/employees and how they can make up a solid foundation for any type of business. Strategies, meetings, decisions, etc… All of this comes from a group of individuals that have their own way of viewing and doing business. Their diversity is what makes them strong. Thanks for sharing this amazing post.
@mikemoore2119
Жыл бұрын
diversity is not a strength. this is a b-school platitude. businesses require 100% alignment of vision.
Best presentation ever. Experience was priceless. So helpful. Amazing!
Excellent presentation. Just wrote a business plan while watching this presentation. It is simple and has impact.
@imthebest7290
Жыл бұрын
How’s the business going
@jcbecker7725
Жыл бұрын
@@imthebest7290 - Thanks for asking. I just saw this in my email and forgot all about this seminar. I have a business that I started in 2018 and last year we did 16 million in Revenue - currently facing some challenges and some great opportunities for new growth.
I feel like I'm back in school :) Great advice and ideas to start off with.
A lot of great info they NEED to teach in school.
I'm in the process of doing this right now. This was super helpful!
Shared video with my college business class, this video was very informative.
what a brilliant presentation! Wow! i've been looking at samples for the past week but the way he explains it is so simple and easy to do. Thank you
glad i found this. very helpful. especially being a philly resident it's nice to know Patrick is in the area. thank you
I answered the opening challenge question successfully. It gives me confidence knowing that I am on the right path to financial security combined with being of service to others with my new business venture. This is a phenomenal video for all. Thank you Patrick.
Awesome educational (simple) instruction. Enjoyed. My son wanted to watch too. I chuckled watching the late student in stealth mode with a few on Facebook during class, lol. 😉 Facebook wasn't even developed during my college years, lol.
Awesome and very clear explanation of a topic! Brilliant! Thank you, Patrick!
Thank you so very much! Very helpful as I write my business plan
Very Happy I came across this video. I am sure I will watch this more than once in achieving my written my business plan as well.
Cant believe how greatly detailed this was. Simply Amazing. Thank you.
@K-WAYY
2 жыл бұрын
I’m here too. Let’s see
Learnt a lot.. Thank you..
I could see this being helpful if I were starting a business with a product I created selling to a market I have to also create. If you're starting up a toy store in a city with no toy stores I dont know why you'd need a one sentance pitch or an advisory team
Great video - You can tell the guy has had a lot of real world experience
"So, you're a serial entrepreneur....." I won't bother with the rest but VERY. GOOD. QUESTION by the black student at the end with the glasses.
SO HELPFUL. Wish he didn't skim over sections that were relevant to launching a product as opposed to a tech-based business idea, but very valuable information with a lot of applicable ideas.
Thank you very much. Very informative and helpful.
Thanks for the teaching
Awesome lecture! Thanks for sharing!
THANK YOU! So much value :)
Super helpful, thank you :)
6. Competition - Why hasn't this been done? - be careful, an idea without a competitor means there's not enough traction - try to find competitors even if it's loosely connected, highlight strengths+weaknesses, 4-5 max competitors - show that it's a healthy space, not a brand new space - what could be a competitor? try to find people you think could acquire you - industry competitors (not exactly what you're doing, but in your space, could do what you do with some capital) 7. Revenue - What are the numbers How are you going to make money? - revenue stream: core/ancillary - core revenue stream has to be clearly defined What are your costs? 8. The Ask - How much do you need X amount of money to do the things in the roadmap, to fund user experience, simple, basic BE CLEAR: ex) $400,000 for 18mths, looking to achieve 4 things in roadmap hire with equity and options, hire slow and fire fast. don't necessarily need to hire, can give options not equity. - don't mention the deal, (structuring) gotta get them excited, don't throw ppl off The ME Test: test it against yourself, The WE Test: go out into the world once you can nail the 2-sentence pitch, the rest you should be able to do in 8 sentences.
Great video, you went in depth on the topics !
Thanks for Sharing!!!
Thank you for this video. I got lot of value from it. Love from India :) Great proffesor!
Great lecture! I wish I saw this years ago.
Thank you! very helpful
Wonderful workshop. Thank you.
How do you fill your advisory board? How do you pay them? From what I got you give equity or options to the day to day employees in the begining if you cant pay them, but I missed how to attract the advisors? Do you give them equity or options as well?
I’m starting a business while I’m in undergrad! Very helpful :)
@jamesward3529
3 жыл бұрын
I recommend charlhack on instagram. He helped me to get 50k instagram followers on my instagram business account. If you wish to get yours too. Dm charlhack on instagram
@user-zp6ff2gr4n
11 ай бұрын
How did it go?
This was excellent! Thank you
You can see this info bro! Clear and concise.
Its very informative Post Thanks for Shearing this idea
Thanks for sharing!
Wharton is the top in business
thanks from ClipInMedia e commerce experts!
Great video. Thanks for sharing.
35:12 summarizes it perfectly
@ms2990ms
5 жыл бұрын
36:49
Thank you very much, great explenation.
Thank you it is very helpful!!!
This video was well worth checking out for aspiring entrepreneurs, like myself.
Thanks for the video. well done - i learnt a lot from it. Thanks.
It really feels as if i'm in the classroom;)
I was looking for this past month... nicely explained
Great video, how do you get people on an advisory board? It is a paid position or is the equity given?
Wow. If you every decide to come to Florida to lecture, I'd be the first one to sign up.
@ramadanmubarak424
3 жыл бұрын
Hi I'm the only person who liked you hotdog vlog. Nice vid. Hope you started a business or something.
Thank you this was great and soo different from what I have seen before. Wendy South Africa
This is great material. 4 step process very good idea
Hi, Good day if there was an 11/10 rating system. This would be my go-to sample to prove it. Excellent
Great workshop! Very useful.
Amazing ❤❤
Great info! Needs more views.
Great video. Thank you
Well worth the watch
Thank you for your insight.
This is awesome.
great video, I will like to have more insight on financial projection.
Seriously first 2:41 seconds has helped more than any other video on this platform!!! Would have completely this some time ago.. 🥴😐🤔😭
Very nice presentation from Patrick FitzGerald. So clear and well managed disscusion. Felt like I was back at Uni! Thanks.
very excellent presentation for me!
Excellent explanation!
thank you for sharing so much good information
@walterotieno3041
8 жыл бұрын
+tammi walker , kindly can u help me develope up a biz plan
@sravanthisravs1118
6 жыл бұрын
If you are looking for any website or online marketing for your business text me on whats app +917396223069 www.monsterswebdesigning.com
Amazing!