For many, the word “business plan” seems complicated and mysterious. To allay fears, we can call it an action plan, a guide, a program, etc.The practice of implementing business plans shows that a business plan helps avoid both costly and time-consuming mistakes.

However, drawing up a successful business plan is necessary for starting a business – a written plan and calculations show whether the planned venture can make ends meet, at least on paper.

Since starting a business takes up all of your time, at least in the early years, it would be wise to sit down again and consider your goals and desire to devote yourself to entrepreneurship before starting to implement the business plan.

Entrepreneurship and Business Plan Preparation Course

Medium of Instruction: English

If required course material may also be made available in Estonian

What You Will Learn in this Course

Legal Aspects of Starting a Business ( Legal form “drives” the types of costs / expenses/ tax and other social security obligations to be detailed in a Business Plan )

Understand the importance of selecting the right legal structure for a business(FIE, OU and or MTU) and how it determines liability, capital requirements
Be able to identify the necessary steps to officially register a businesses with Estonian Business Register, VAT registration ( required or not ), Where to Register and Set up Costs.

Business Plan Preparation ( for Service, Product, Online businesses ) - We will provide a Ready to Use Business Plan Template for all individual participants so that they “really” benefit and can apply the learnings in their Entrepreneurship Project.

The Executive Summary ( Problem Statement, Proposed Solution, Market Size, initial prelim Feasibility Study )
SWOT/ PESTEL Analysis
Sources of Funding (Capital Structure, Working Capital Management, Grants, Loans, Savings, Personal Network, Incubators – Accelerators, others)
Marketing - Sales and Advertising, E Commerce, Website, Online and Offline outreach to customers
Financial Projections for 1 to 3 years ( Income Statement, Balance sheet, Cash Flow Statement)
Key Policies and Procedures ( HR, Cybersecurity )
Impact Assessment – Sustainability, UN SDG Goals, Invest in Estonia Key Focus areas
Key Milestones and Success Indicators
Mentoring Session for Course Participants for their specific Queries, Questions, complete assistance and review of their business plan prepared

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