Session 1, Part 1: Introduction and Overview of Business Plans

MIT 15.S21 Nuts and Bolts of Business Plans, IAP 2014
View the complete course: ocw.mit.edu/15-S21IAP14
Instructor: Joe Hadzima
What is it, why do I need it and what is it used for? Practical do's and don'ts in preparing a Business Plan. Things to keep in mind in writing a Business Plan which will improve your chances of obtaining funding and running a successful business.
License: Creative Commons BY-NC-SA
More information at ocw.mit.edu/terms
More courses at ocw.mit.edu

Пікірлер: 98

  • @zelalemmekonnen8030
    @zelalemmekonnen80302 жыл бұрын

    160 people attended, but 150k+ watched.

  • @mssn3166
    @mssn3166 Жыл бұрын

    I'm so glad the teacher was attentive to that that 1 customer. We are now the customers.

  • @user-uu4dx6yh5x
    @user-uu4dx6yh5x2 ай бұрын

    🎯 Key Takeaways for quick navigation: 00:27 *📉 Strategic planning is often mistaken for strategy but involves merely listing activities without coherent choices.* 01:25 *🎯 Strategy comprises integrated choices positioning a company for competitive advantage, unlike planning focused on resource allocation.* 02:23 *💰 Planning involves controlling costs, while strategy aims for desired outcomes reliant on customer response.* 04:20 *🏆 Southwest Airlines succeeded by implementing a winning strategy focused on cost efficiency and customer convenience.* 06:39 *😨 Embrace the discomfort of strategic uncertainty; strategy entails risk, while planning offers false comfort.* 08:03 *📝 Clearly articulate your strategy's logic, monitor its unfolding, and adjust as needed to stay relevant and effective.* Made with HARPA AI

  • @gguitarp1
    @gguitarp17 жыл бұрын

    Thank you for making this publicly available!

  • @Coffeeisnecessarynowpepper

    @Coffeeisnecessarynowpepper

    2 жыл бұрын

    What business did you start

  • @RinkuDevi-gc6cl

    @RinkuDevi-gc6cl

    Жыл бұрын

    @@Coffeeisnecessarynowpepper hai to ek din me bhi nhi hota h to thoda time hai na hai rat 🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁 by Min

  • @kevinfisher5723

    @kevinfisher5723

    Жыл бұрын

    Nice

  • @nicholasmalama3845
    @nicholasmalama38453 ай бұрын

    The level of BUSINESS insight in this is astonishing. Am surely revisiting this... again and again.

  • @MaiFast
    @MaiFast3 жыл бұрын

    If you have a great idea, great product, great team and great execution then you are successful, these the are main 4 pillars of successful business/startup simple

  • @NazriB

    @NazriB

    2 жыл бұрын

    Lies again? Bio Perine

  • @arifhossain1277

    @arifhossain1277

    2 жыл бұрын

    Investment also a main component

  • @periklisspanos7185

    @periklisspanos7185

    2 жыл бұрын

    He’s forgot to say 25 millions inheritance

  • @MaiFast

    @MaiFast

    2 жыл бұрын

    Hahaha, I got some interesting replies. It depends on a lot of factors. I want to start my own business, it's been more than 1 year but still unable to start. Now I believe that it's not that easy, luck matters a lot too

  • @dopemusic6414

    @dopemusic6414

    Жыл бұрын

    @@MaiFast 😂😂😂👏🏽👏🏽 this comment is absolutely gold.

  • @allmoneyin6845
    @allmoneyin68455 жыл бұрын

    This guy is fire teaching this course !

  • @Luis.Barrueta
    @Luis.Barrueta2 жыл бұрын

    This is pure gold. Thanks for sharing.

  • @stevenmusielski9100
    @stevenmusielski91007 жыл бұрын

    Great formula H=R/E. I never thought of the formula that way before.

  • @sammyjus
    @sammyjus2 жыл бұрын

    Good explanation of what business plan should be.

  • @EvanToutz
    @EvanToutz2 жыл бұрын

    Thanks for making this available!

  • @garrettburleigh7754
    @garrettburleigh7754 Жыл бұрын

    This is amazing to be able to listen too.

  • @honeybee6978
    @honeybee69784 ай бұрын

    Thank you sooooo much MIT. Can't thank you guys enough for this!

  • @tanveeralihaidery5792
    @tanveeralihaidery57922 жыл бұрын

    Thank you so much for sharing it. Highly appreciated.

  • @ipedia3821
    @ipedia38213 жыл бұрын

    Good video for Business students and men

  • @kumargovind525
    @kumargovind5252 жыл бұрын

    Thanks for sharing your views. Greetings from India

  • @sakariavlogs
    @sakariavlogs5 жыл бұрын

    Thanks you sir !! Fabulous video

  • @mdekramuddinreza6974
    @mdekramuddinreza69747 жыл бұрын

    thanks for making this online

  • @samuelnzekwe2895
    @samuelnzekwe28955 жыл бұрын

    Great content, thanks guys. please continue this, i cant wait to have the full course

  • @mitocw

    @mitocw

    5 жыл бұрын

    The full course is available. See the course materials on MIT OpenCourseWare at: ocw.mit.edu/15-S21IAP14. Best wishes on your studies!

  • @hibudy

    @hibudy

    2 жыл бұрын

    @@mitocw you guys are great... in India we can't even get these content with huge amount of money from any university, may be i don't have the capability to get into MIT but hope this free super high quality lecture will help to do something. Love for you guys straight from the heart.. Thank you.

  • @abdukadirhassan1937

    @abdukadirhassan1937

    2 жыл бұрын

    @@mitocw where the slides please

  • @MrKaugaban

    @MrKaugaban

    8 ай бұрын

    May The God All Mighty bless MIT OCW for spreading the Knowledge.

  • @dAviD-wt1wm
    @dAviD-wt1wm4 ай бұрын

    48:23 was really nice

  • @dohminkonoha3200
    @dohminkonoha32003 жыл бұрын

    Thank you.I will begin some business in this terrible recession era.

  • @abelcenturion

    @abelcenturion

    7 ай бұрын

    Dw

  • @amrsh5711
    @amrsh57115 жыл бұрын

    Thank you for making this course available online, greetings from Port Said, Egypt.

  • @mohammedmosa2264

    @mohammedmosa2264

    2 жыл бұрын

    I am also working in a port, thought it would be helpful if we can have some chat

  • @user-un1ci7cq1e

    @user-un1ci7cq1e

    2 жыл бұрын

    @@mohammedmosa2264 Port Said is a city name .

  • @0o0o0123

    @0o0o0123

    2 жыл бұрын

    @@user-un1ci7cq1e 😅😅😅😂

  • @zaccomusic
    @zaccomusic6 жыл бұрын

    great contents, Thanks!

  • @ericray9961
    @ericray99613 жыл бұрын

    1:11 love this momment

  • @aaronc9687
    @aaronc96873 жыл бұрын

    Well yeah, that's what we expected

  • @GeorgeALavas
    @GeorgeALavas Жыл бұрын

    wow wow it was great for me and my mind

  • @samhussein9100
    @samhussein91007 жыл бұрын

    thank you so very much

  • @arrowb3408
    @arrowb34083 жыл бұрын

    Even Harverd School kids came here for the Class . Impressive for the Class.

  • @ipedia3821
    @ipedia38213 жыл бұрын

    Good video👍👍

  • @hamnporkgamer
    @hamnporkgamer4 жыл бұрын

    Business plan basics 20:28

  • @meichuyang1872

    @meichuyang1872

    4 жыл бұрын

    It’s 20:25

  • @arrowb3408
    @arrowb34084 жыл бұрын

    Will come back to attend this lecture again... WHY I feel lethargy when I am listening this class... Hahaha....STF

  • @tetyanahnatyk7756
    @tetyanahnatyk77562 жыл бұрын

    Thank you

  • @rahmanshamsi302
    @rahmanshamsi3023 жыл бұрын

    Amazing

  • @xxxholic4071
    @xxxholic40716 жыл бұрын

    Thank you please continue it

  • @mariansuciu4866
    @mariansuciu48664 жыл бұрын

    The moment when he says infected and it's the year of corona virus

  • @santlal4518
    @santlal4518 Жыл бұрын

    Thanks respectful

  • @ray-hj1do
    @ray-hj1do Жыл бұрын

    THAnk you

  • @namasaya8963
    @namasaya89632 жыл бұрын

    Yeah

  • @alxndrdg8
    @alxndrdg84 жыл бұрын

    That H = R / E, is a form of Buddhist principle, put mathematically.

  • @camillabikeyeva3311
    @camillabikeyeva33113 жыл бұрын

    Guys, could you please explain what is the IAP , which has been mentioned on 2.30?

  • @mitocw

    @mitocw

    3 жыл бұрын

    From the IAP About page ( web.mit.edu/iap/about/ ), "The Independent Activities Period (IAP) is a special term at MIT that runs from early January until the end of the month.... IAP provides members of the MIT community (students, faculty, staff, and alums) with a unique opportunity to organize, sponsor and participate in a wide variety of activities, including how-to sessions, forums, athletic endeavors, lecture series, films, tours, recitals and contests. During IAP, students are encouraged to set their own educational agendas, pursue independent projects, meet with faculty, or pursue many other options not possible during the semester. Faculty are free to introduce innovative educational experiments as IAP activities. All members of the MIT Community, are encouraged to create offerings aimed at sharing a particular talent, expertise or interest with others at the Institute."

  • @faizhadiyanfirza3261

    @faizhadiyanfirza3261

    2 жыл бұрын

    @@mitocw Wow MIT is so serious with its open course sharing. That's awesome 👍👍

  • @jamesharding6758
    @jamesharding67583 жыл бұрын

    0:51 It’s not a problem, it’s a ME problem!

  • @incrediblepassion154
    @incrediblepassion1544 ай бұрын

    It starts at 19 20

  • @uchiha2619
    @uchiha26192 жыл бұрын

    Anybody knows what does "the show has got to you" mean (13:53)

  • @ihabziyad8611
    @ihabziyad86112 жыл бұрын

    THANK YOU FROM REFUGGEES PEOPLE

  • @18font
    @18font2 жыл бұрын

    It'd be great if the camera guy would focus on the material instead of only following the lecturer.

  • @jake9705
    @jake97056 жыл бұрын

    10:40 -- What does the prof mean here? Won't mention company names to "protect" the companies?

  • @qijialiao5228

    @qijialiao5228

    6 жыл бұрын

    maybe higher eduction institute does not want to promote business related issues inside the classroom, and this is a euphemistic expression. Or, it is better to protect privacy for the salary employees who have the ambitions to start up their business outside the companies they are currently in. (just my guess)

  • @ziddishehzadi9039
    @ziddishehzadi9039 Жыл бұрын

    It's not only famous for infra however profesor too

  • @susanbuckley2970

    @susanbuckley2970

    Жыл бұрын

    add to homescreen

  • @adebiyidayspring2834
    @adebiyidayspring28343 жыл бұрын

    you forgot University of Obanikoro

  • @pacifiquebusiness
    @pacifiquebusiness8 ай бұрын

    🥰🙏

  • @user-qx6eb1zo7m
    @user-qx6eb1zo7m2 ай бұрын

    Dominican University of California

  • @h.t.7310
    @h.t.73103 ай бұрын

    2:20 min in and nothing has been said. Normal in class, not on KZread….many….bye…at 2:20min….hope it’s not my loss

  • @gggg-cr9ze
    @gggg-cr9ze2 жыл бұрын

    14:35

  • @raulmacias647
    @raulmacias647 Жыл бұрын

    So uncivilized - General kenobi

  • @CageFreeLowFatSugarFreeRange
    @CageFreeLowFatSugarFreeRange5 ай бұрын

    Someone get grandpa some water i can hear him wetting his lips every 5 seconds holy f

  • @GrowTheLabel
    @GrowTheLabel11 ай бұрын

    The first 20 min were valueless

  • @DrJohnnyJ
    @DrJohnnyJ5 жыл бұрын

    This is 1940's-level teaching.

  • @thomaslibbey5694

    @thomaslibbey5694

    5 жыл бұрын

    John Ireland wdym lol

  • @elliot1784

    @elliot1784

    3 жыл бұрын

    @@thomaslibbey5694 he means that in the 1940s the internet and open access courseware existed. Don’t you get it :)

  • @expwritefreelancegmail.com2297
    @expwritefreelancegmail.com2297 Жыл бұрын

    Basically, the proposal needs to identify a problem, outline a solution for that problem, show why the solution is necessary, provide a budget, and profile who will do the work within a specific time frame. Need help with your assignments? Email me.

  • @carolagerbrick5008
    @carolagerbrick50082 жыл бұрын

    In case anyone else is looking for the business plan outline he recommends, go to kzread.info/dash/bejne/jJeEsMWohMXRebg.html

  • @donaldgriffin6108
    @donaldgriffin61082 жыл бұрын

    Thank you for making this publicly available!

  • @fago9546
    @fago95462 жыл бұрын

    Thank you