How to Prepare a Business Plan: Practical Tips at Breakfast & Learn
With Jaume Ruiz, independent consultant in health sciences and COO of Nordri HUB
In the last Breakfast & Learn, we had the participation of Jaume Ruiz, independent consultant in health sciences and COO of NORDRI HUB, who guided us in the construction of a solid and results-oriented business plan. During this session, attendees were able to learn the key steps to structure and present an effective business plan, an essential document for the success of any business project.
What have we learned?
One of the first lessons was the difference between a roadmap and a complete business plan. While the roadmap includes the basic milestones of a project, the business plan develops in detail the strategy, the necessary resources, the business model and the economic feasibility study.
We have also analyzed how to define a clear strategy, identify risks and validate economic viability, three fundamental aspects to ensure that the project can move forward safely. In this sense, it has been highlighted how a good Business Plan can make a difference when it comes to attracting investors, as it helps to present a solid, realistic project that is aligned with market expectations.
Another point discussed was how to properly structure the business plan, from the executive summary to the financial plan, including market analysis, value proposition, team and regulatory aspects. Regarding the team, the importance of having a complementary team, with clearly defined roles and a shared vision, as well as their ability to face challenges and lead the project successfully, was highlighted.
The session also identified the role of key actors in the process of creating and executing a business plan, such as entrepreneurs, OTCs (Technology Transfer Offices), mentors, advisors, investors and public and private institutions. All of these actors are part of an essential ecosystem to turn an innovative idea into a viable company.
