Framing Your Business: Business Plan Development

Description

There is a wide variety in the quality of business plans that are written by entrepreneurs. Business plans that lead to venture capital investment are often of a “Professional” quality, while many of those drafted by inexperienced entrepreneurs and students (for MBA programs or business plan competitions) do not achieve the same level of sophistication. This talk will discuss some of the key parts of a business plan and what it takes to develop a professional quality plan that is ready for investors. Whether you want to raise money or win the next business plan competition, this talk will you understand what it takes to prepare for the development of a solid business plan.

About Stephen

Stephen Auvil is the senior vice president for technology transfer and commercialization at the Maryland Technology Development Corporation (TEDCO). In this role, he is responsible for overseeing TEDCO’s funding programs. In this capacity, he reviews proposals from a variety of start-up and early-stage companies. Prior to his four years at TEDCO, Stephen spent 17 years in university technology transfer at the University of Maryland, Baltimore County (UMBC) and at the Johns Hopkins University School of Medicine. Before his time as a technology transfer professional, Stephen worked for two small medical device companies where he had a variety of responsibilities ranging from rebuilding medical devices under GMP to setting-up and networking computerized accounting systems. He began his career as a laboratory technician studying ion channels in membranes. Stephen graduated with a Bachelor of Science degree in Biology and Engineering Science from Loyola College in Maryland, and went on to earn a Master’s of Business Administration from the University of Baltimore and a Master’s of Science in Biotechnology from the Johns Hopkins University.