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A Biotech Manager's Handbook by M Hopkins, M O'Neill

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5

It’s all in the plan

Michael O’Neill

Abstract.

Writing a business plan is a huge help to entrepreneurs in mapping out what they hope to do in their company, what they will need to achieve it and identify anything that is missing that they will need to help them achieve it. A good plan outlines the company vision and the team who will implement it. The team have to have the relevant skills, experience, knowledge and networks to drive the company forward and to keep it on track towards its goal. No technology exists in isolation and a good outline of what else is out there and how the new technology will compete against it is essential. Although it is often very difficult to make realistic projections as to the future likely value of a project, ...

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