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Business Planning

The MBDA is the sole federal agency dedicated to enhancing economic opportunities for minority-owned businesses in the U.S. Our vision is to achieve economic prosperity for all American enterprises. With a mission to boost the growth and global competitiveness of minority-owned firms, the MBDA provides a robust network of business centers and significant funding—$4.8 billion in contracts in FY 2013 resulting in 25,704 new jobs. This guide outlines the importance of a business plan, covering traditional sections and essential ongoing planning strategies.

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Business Planning

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  1. Business Planning

  2. Authority The only Federal agency tasked with creating new jobs by expanding the U.S. economy though the Nation’s minority-owned businesses Vision Economic prosperity for all American business enterprises Mission To foster the growth and global competitiveness of U.S. minority-owned businesses

  3. Integrated Network of MBDA Business Centers

  4. Contracts and Capital—4.8B in FY 2013 (Dollars in Billions)

  5. MBDA Jobs Creation – 25,704 in FY 2013

  6. Why write a business plan?

  7. Traditional Business Plan Sections • Business description • Market/industry analysis • Product/Service • Organization/Management • Marketing and sales • Financial projections

  8. Business Model Canvas • Key partners • Key activities • Key resources • Cost structure • Value proposition • Customer relationships • Sales channels • Customer segments • Revenue streams

  9. Ongoing Business Planning Emphasis on: • Input from team • Past performance • SWOT • Short range goals: 365/30 • Highly specific goals

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