Course Deliverables

  • 1

    RIGHT CHOICE PHASE ONE (Idea)

    • Phase One Deliverable: "Right Idea" - Have you identified a problem that your product/service will solve?

    • Problem | Solution | Benefit

    • Value Proposition

    • Intellectual Property

    • [Assignment: Patent Search]

    • [Community Perks: Service Provider Video]

    • Business Model Canvas

    • Business Formation

    • [Assignment: Form a Company]

    • [Community Perks: Service Provider Video]

    • Customer Development

    • [Assignment: Customer Development]

    • [Assignment: Customer Development (continued)]

    • Competitive Analysis

    • [Community Perks: Service Provider Video]

    • Business Ideation (Do you have the "Right Idea?")

    • [Community Perks: CMURC Ideation Session]

    • [Community Perks: CMURC Ideation Session Format]

  • 2

    RIGHT CHOICE PHASE TWO (Plan)

    • Phase Two Deliverable: The "Right Plan" - Now, it is time to create a solid foundation for your business.

    • Supply Chain

    • Supply Chain (Continued)

    • [Assignment: Supply Chain]

    • [Assignment: Supply Chain]

    • Product Pricing

    • Product Pricing (Continued)

    • [Assignment: Determine Price of Product or Service]

    • Cash Flow

    • Cash Flow (Continued)

    • [Assignment: Cash Flow Spreadsheet]

    • [Community Perks: Service Provider Video]

    • Production Timeline

    • Production Timeline (Continued)

    • [Assignment: Cash Draw-Down Schedule]

    • [Community Perks: Sevice Provider Video]

    • Marketing and Sales Plan

    • ASSIGNMENT: Marketing and Sales Plan

    • [Communityt Perks: Serive Provider Video]

  • 3

    RIGHT CHOICE PHASE THREE (Execution)

    • Phase Three Deliverable: The "Right Execution" - Your idea is solid, your plan is in place, it is time for execution.

    • Management Team

    • Advisory Board

    • Adivsory Board (continued)

    • [Assignment: List Potential Members]

    • Operations Plan

    • Operations Plan (continued)

    • [Assignment: Operations Plan Expenses]

    • Financial Forecasts

    • [Assignment: Create a Proforma]

    • Milestone Plan

    • Exit Strategy

    • [Assignment: Construct a Picth Deck]

    • Raise Capital (if desired)

    • [Community Perks: Service Provider Video]

  • 4

    PUTTING IT ALL TOGHTER (Executive Summary)

    • Executive Summary of Full Business Plan

    • Meet the Criteria of an Early-Stage Michigan Program?

    • Executive Summary Strategy for a Michigan Business Accelerator Fund Proposal

  • 5

    MSF/MEDC DISCLOSURES

    • Michigan Supporting Your Entrepreneurial Journey

    • Michigan's Entrepreneurship and Innovaiton Subway Map of Programs

    • Business Accelerator Fund (BAF)

    • Michigan Emerging Technologies Fund (ETF)

    • First Capital Fund

    • Gateway Representative Program

    • Michigan SBIR/STTR Assistance Program

    • Michigan Small Business Development Center - Tech Team