Entrepreneurial Opportunity – Video Planning Template

Entrepreneurial Opportunity – Video Planning Template

MinuteTopic/DomainKey QuestionsYour notes and evidence
1IntroductionYour name Business name Concept statement Value Proposition                     
2Market – microWhat customer pain will your offering resolve? Who, precisely, are the customer who have the pain? What differentiated benefits does your offering provide? What evidence do you have that customers will buy? What evidence shows that the target market has potential to grow? What other segments could benefit from a related offering? 
3Market – macroHow large is the market you are seeking to serve? How fast has it grown? How fast will it grow in the future? What trends can you identify that will affect your business e.g. economic, demographic, technological, regulatory 
4Industry – macroWhat industry will you compete in? Is it easy or difficult for companies to enter this industry? Do suppliers have the power to set terms & conditions? Do buyers have the power to set terms & conditions? Is it easy or difficult for substitute products to steal your market? Is competitive rivalry intense or genteel? 
5Industry – microDo you possess proprietary elements that other firms cannot likely imitate or duplicate? Can your business develop and employ superior organisational processes, capabilities or resources? In what ways from your customers’ perspective will your offering be better, faster, cheaper etc than competitors? Is your business model economically sustainable?  Can you show you won’t run out of cash quickly? 
6Team – Mission, aspiration, risk propensityWhat’s your entrepreneurial mission? What level of aspirations do you have for your entrepreneurial dream? What sort of risk are you/are you not willing to take? In what ways do your mission, your aspirations or risk propensity add new elements of risk to the venture?             
7Team – Can you and your team execute?What are the critical success factors in your industry? Can you demonstrate that your team can execute on these CSFs? Have you identified what CSFs your team is not well prepared to meet? What risks do answers to the above questions add to your risk list? 
8Team – your connections matterWho do you and your team know up the value chain? Who do you and your team know down the value chain? Who do you and your team know amongst competitors and substitutes? Where are any key gaps in your team’s connections and how can you fill them? 
9ConclusionOverall assessment of the opportunity and the risks involved.