Welcome to E.O.K.

Who:  We are a very diverse group of successful business owners and entrepreneurs and those working to achieve their goal of becoming an entrepreneur.

Why:  We believe we all learn something from each other...no matter if you're on your 1st startup or your 101st.  We believe no one person has all the answers...it is impossible to build a company without help.

How:  We use multiple tools to identify where each member needs assistance. We connect mentors/resources/capital with members. We provide accountability and support for reaching goals.

What:  Members focused on helping each other build successful startups.  

Please check the FAQ section if you have Questions. Your Board of Directors is made up of volunteers with a passion for seeing entrepreneurs succeed!

When:   Every 2nd Thursday 11:30 a.m. - 1:00 p.m. 

Where: Rodefer Moss 608 Mabry Hood Road, Knoxville, TN 37932

Members

Latest Activity

Smita Deshmukh left a comment for Leonard Knight
"Thank you Leo! Excited to be part of EOK. Will be there on 9th April meeting.  - Smita"
6 hours ago
Smita Deshmukh is now a member of Entrepreneurs of Knoxville
9 hours ago
Leonard Knight's blog post was featured

Start with Why!

We've discussed this many times at Past EOK meetings but it deserves another post. If you haven't watched the TED Talk by Simon Sinek "Start with Why", you need to set aside a few minutes and get it done...now.See More
Friday
Leonard Knight posted a blog post

Start with Why!

We've discussed this many times at Past EOK meetings but it deserves another post. If you haven't watched the TED Talk by Simon Sinek "Start with Why", you need to set aside a few minutes and get it done...now.See More
Friday
Leonard Knight left a comment for Valentino Constantinou
"Valentino! Welcome to EOK! I'm glad you're here and look forward to working with you and Michael on your startup! ~Leo"
Thursday
Leonard Knight posted a status
"Looking forward to our next meeting! Thursday, April 9th, 2015 at 11:30 am! We're changing the world! If you want to be successful, join us!"
Mar 25
Valentino Constantinou is now a member of Entrepreneurs of Knoxville
Mar 13
Michael J Johnston is now a member of Entrepreneurs of Knoxville
Mar 3
Vallie Cross is now a member of Entrepreneurs of Knoxville
Mar 2
Brent Howell is now a member of Entrepreneurs of Knoxville
Feb 6
Victor Jernigan is now a member of Entrepreneurs of Knoxville
Feb 2
Leonard Knight left a comment for Kyle Hohman
"Welcome to EOK, Kyle! We are very glad you're here! Let me know how I can help. ~Leo"
Jan 28
Kyle Hohman is now a member of Entrepreneurs of Knoxville
Jan 28
Walter Lounsbery's blog post was featured

This is why Google Glass is Dead

I would be the last person in the world to say Microsoft is an innovation company.  They have squashed a lot of their best ideas, or bought out companies and made them a ho-hum part of the Microsoft Borg.  And that goes for Nokia, a has-been major cell phone manufacturer.  The new CEO, however, seems to have kicked things into gear.  And the product announced today, Microsoft HoloLens, is revolutionary.  It puts 3D objects into your field of view, sometimes integrated with physical objects like…See More
Jan 27
Walter Lounsbery posted a blog post

This is why Google Glass is Dead

I would be the last person in the world to say Microsoft is an innovation company.  They have squashed a lot of their best ideas, or bought out companies and made them a ho-hum part of the Microsoft Borg.  And that goes for Nokia, a has-been major cell phone manufacturer.  The new CEO, however, seems to have kicked things into gear.  And the product announced today, Microsoft HoloLens, is revolutionary.  It puts 3D objects into your field of view, sometimes integrated with physical objects like…See More
Jan 21
Madison King Randolph is now a member of Entrepreneurs of Knoxville
Jan 17

Questions to ASK when preparing a Business Plan



80
Questions Every Business Plan Should Answer





1.      Why will this
business succeed?



2.      Why is this product
or service useful?



3.      What will the product
do for the user?



4.      What is the expected
life cycle of the product?



5.      How do advances in
technology affect your product and business?



6.      What is the product
liability?



7.      What makes this
business and product unique?



8.      Does the product meet
a specific need or perceived need of the customer?



9.      Does the product have
brand-name recognition?



10.    Are there repeat uses
for the product?





11.    Is this a high quality
or low quality product?



12.    Is the consumer the
end user of the product?



13.    Are there any
substitutes for your product?



14.    Do you lease or own
the property/facilities?



15.    What are the terms of
your lease?



16.    How much do you owe on
the mortgage?



17.    Are the facilities
adequate for expansion based on your business plan?



18.    Will the expansion
require relocation?



19.    Who owns the patent?



20.    What licensing
arrangements have been made between you and the patent company?





21.    Does anyone else have
a licensing arrangement? If so, how does this impact your biz?



22.    Why does this business
have high growth potential?



23.    What makes this
business situation special?



24.    Does this product have
mass appeal or single large buyers?



25.    How large is the
customer base?



26.    What is the typical
demographic of your customer base?



27.    What are the current
market trends? 28. What are the seasonal effects in your industry?



29.    What advantages does
your competition have over you?



30.    What advantages do you
have over your competition?





31.    Compared to your
competition, how do you compete with price, performance, and service?



32.     What is the lag time between initial buyer
contact and the actual sale?



33.
    How does your company and product fit
into the industry?



34.
    What are the keys to success in your
industry?



35.
    How did you determine total sales of
the industry and its growth rate?



36.
    What industry changes most affect
your company's profits?



37.
    Who is your competition?



38.
    Do your competitors have an advantage
due to equipment?



39.
    What makes your business different?



40.
    Why will your business succeed when
it must compete with larger companies?





41.       How do you expect the competition to
react to your company?



42.
      If you plan to take market share,
how will you do it?



43.
      What are the critical elements of
your marketing plan?



44.
      Is this primarily a retail or industrial marketing strategy?



45.       How important is
advertising in your marketing plan? 46. How sensitive are sales to your
advertising plan?



47.
      How will your marketing strategy
change as the product or industry matures?



48.
      Is direct selling necessary?



49.
      If any, what is the capacity of your
facility?



50.
      Where do you see bottlenecks
developing?





51.
      How important is quality control?



52.
      What is the current backlog?



53.
      Is the product assembly line based
or individually customized?



54.
      What are the health and safety
concerns in producing this product?



55.
      Who are your suppliers and how long
have they been in business?



56.
      How many sources of suppliers are
there?



57.
      Currently, are there any shortages
in components?



58.
      How old is your company's equipment?



59.
      What is the yearly maintenance
costs?



60.
      What is the current research and
development?





61.
      What is the annual expenditure on Research
and Development (R&D)?



62.
      How does R&D impact future
sales?



63.
      What type of business experience
does the management team have?



64.
      Are the members achievers?



65.
      What motivates each team member?



66.
      Can the team accomplish the job
outlined in the business plan?



67.
      How many employees do you have?



68.
      What is the anticipated need in the
immediate future?



69.
      Where does the labor supply come
from?



70.      What is the employee break down, i.e. full
time, part time, managerial staff, support staff, production / service?





71.       What is the cost of training?



72.
      Is the labor force primarily skilled
or unskilled workers?



73.
      Is there a union and what is the
company's relationship?



74.
      What are your capital requirements
over the next five years?



75.
      For what will the capital raised via
the plan be used?



76.
      What is the exit strategy? (How will
investors get their money out?)



77.       What return on investment can the investors expect?



78.       Have you reviewed your personal credit worthiness? (should you
not qualify for a business loan)



79.       Have you research for start-up grants and loans from economic
development agencies?



80.       Have you looked for any assets you or someone
you know that are worth             liquidating?

















Views: 59

Comment

You need to be a member of Entrepreneurs of Knoxville to add comments!

Join Entrepreneurs of Knoxville

© 2015   Created by Leonard Knight.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video

Google+