GST302 Business Plan Template for NOUN students – GST302 Business Creation and Growth
The National Open University of Nigeria (NOUN) offers a course called GST302 Business Creation and Growth. This course is designed to help students develop the skills and knowledge they need to create and grow a successful business.
CLICK HERE TO GET SOLVED TMA SOLUTIONSAs part of the course, students are required to write a business plan. The NOUN Student Template for Business Plan provides a structured framework for students to follow when writing their business plans.
RECOMMENDED:- GST302 Online Facilitation, How to Login and Submit Business Plan
The template includes sections on the following topics:
The Business Ideas proposal writing MUST BE in PowerPoint template, It must be no more than 7 slides
| Slide | Content of each slide |
| 1. Cover Page | Full names, matriculation number, title of the business, study centre, academic programme, phone number, email address Clear ID Card or Picture, Incubation Centre |
| 2. Problem definition | Clearly defined societal problem(s) the business idea target solves in respond to identified challenges of Sustainable Development Goals (SDGs) |
| 3. Innovativeness of the proposed solution | State the extent to which the solution is new or is a significant improvement on an existing solution. |
| 4. Feasibility of the proposed solution | The extent to which the proposed solution is achievable in light of the (i) Project’s technical aspects and Timetables, (ii) Team and Collaborations |
| 5. SWOT Analysis & Strategies | Describe your company’s competitive edge and vulnerability or weakness, State your opportunities and strategy for resolving anticipated challenges. |
| 6. Financial Analysis | i. List your fixed cost and working capital items and their prices, ii. Give an average monthly estimate of the output your product/services), iii. List the prices of required items, fixed and working capital, iv. State your expected income, profit, and gross margin per month |
| 7. Potential Impact and Sustainability | State the extent to which the solution will impact positively on the identified challenges and sustainability strategies |
The template is a valuable resource for students who are writing their business plans. It provides a clear and concise way to organize their thoughts and ideas.
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SECTION A: Student Personal Details
Date: ____________________________________________________________
Semester: ______________________________________________________
Name: ______________________________________________________
Matric. No. ______________________________________________________
email Address: _________________________________________________
Phone Number: ________________________________________________
Sex: ____________________________________________________________
Disability: Blind, deaf, etc __________________________________________
Current Profession: ____________________________________________
Programme of Study: ____________________________________________
Department: _______________________________________________________
Faculty: _______________________________________________________
Study Centre: __________________________________________________
Zone: _____________________________________________________________
SECTION B: THE PLAN
1.0. Executive Summary
1.1. Briefly explain the gap the product or service want to fill
1.2. State the objective
1.3. Present the vision (where you want to be or what you want to achieve. This sells your idea and presents your image) and mission (brief on how you will achieve the vision)
1.4. Success Indicators – explain the product/service with focus on the sellable parts and how it will bring positive change in human life. (the executive summary is the last to be written but first to appear in a business plan. It should be about 200 words).
2.0 Description of the Organisation/Company
2.1 Company Ownership (Describe how the idea of the product and company was generated, and legal ownership)
2.2 Start-up plan (For new business) or company history (for existing company)
2.3 Location of the company and facilities
2.4 Organisational Structure
3.0 The Product/Service
3.1 Description of the produce/service
3.2 Product/service uniqueness (how is the product different from other competitive product.
3.3 Give empirical trend of sales if the product is already in the market and if not yet in the market show how you intend to send it to market.
3.4 How would the product fit into the changing technology?
3.5 What is the future of the product/service
4.0 Market Analysis
4.1 Market segmentation (dividing your market of potential customers into groups such as demographic segmentation e.g. sex, age, specific workforce; geographical segmentation; psychological segmentation; behavioural segmentation etc.
4.2 Strategy for target market segmentation
4.2.1 Consumers’ need
4.2.2 Market trends
4.2.3 Market growth
4.3 Analysis of the industry
4.3.1 Do a SWORT (Strength, Weakness, Opportunity, Threat) Analysis. In the strength state all that is within the organisation that will help the product/service to grow, the weakness identify those things that are internal that may inhibit the growth of the business, opportunity is the external support that will help the business to grow, and the threat are external hindrances that may inhibit the growth of the product/service e.g. competitors.
4.3.2 For Strength and opportunities, consider the hindrance to exploiting it, strategies for exploiting and enhancing it, and possible timelines.
4.3.3 For weakness and threat, consider the effect on achieving the set objectives or goal, strategies to minimise or eliminate such weakness or threat, and possible timelines.
4.4 Strategy for e-marking and technological challenges Strategies for exploiting and enhancing it
5.0 Financial Analysis
5.1 Important Assumptions
5.2 Financial Indicators
5.2.1 Pricing
5.2.2 Proforma (forecasts and projection)
5.2.3 Proforma cash flow and cash flow projection
5.2.4 Proforma profit and loss
5.2.5 Fixed Cost
5.2.6 Goss Profit
5.2.7 Net Profit
5.2.8 Direct Cost
5.2.9 Indirect Cost/Overhead Cost
5.2.10 Unit Cost
5.3 Break-even Analysis
SECTION C : Presentation Strategy
- Know your audience
- Prepare to win the audience
- Pay attention to details:
- Explain the existing gap.
- Introduce the Company
- The Objective
- The Product/Service
- Success Indicators of the Product
- Market analysis
- Financial Plan
(Note: You may not include a financial plan but is a must when you are presenting for sponsorship and grant).
- Your slides should not be too wordy. Use more of illustrations
- Speak to your PowerPoint. Do not read
- Demonstrate
I really focus on my businbusiness since I understand business plan is the best way of amplifying person life, therefore am advising all my fellow students that they should also focus on it.