A business plan is a laborious undertaking that is thought of as an integral part of an entrepreneurial journey. However, most of the document’s formats that are generally accepted by the business world often add to the probability of the concept of death by paperwork (Volker & Phillips, 2018). I believe that our Collaborative Learning Community (CLC) Business Plan should consist only of six parts suggested by Volker and Phillips (2018) to keep it concise, captivating, and enthusiastic.
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The six points include an executive summary, problem statement, definition of the product, market assessment, description of the team, and seed capital evaluation. The evaluation of these elements will be sufficient to explain the project’s relevance and feasibility.
The reasons for choosing the format are numerous and seem self-evident. First, it includes a minimal number of elements, which is beneficial for a group of inexperienced students to decrease the number of possible mistakes. The format seems to be adequate for acquiring experience in the field of business plan elaboration and implementation. Second, the template does not include income projections, which is irrelevant for non-profit projects.
The CLC Business Plan will include only the acknowledgments of the necessary funding and ways of acquiring it, which is adequate for the project. Third, while being laconic, the format has all the essential parts to plan the work of a mobile health promotion unit. Therefore, while taking less effort, the model will provide all the stakeholders with a holistic experience in creating business plans. In summary, the six-point business plan format seems the most acceptable for a group of inexperienced students to develop a cohesive document that describes a non-profit program.
Volker, J., & Phillips, M. (2018). Six points: A plan for success. Journal of Management Policy & Practice, 19(1), 104-110.