Personal Coaching and EFinancials Included
ESchool simplifies business planning for novice entrepreneurs and enables them to learn in the context of their own businesses
Designed by professionals with extensive experience in both business and international development, ESchool is simple yet comprehensive.
Our innovative methodology walks entrepreneurs through the process of creating their own business plans via a proprietary online Q&A template called EPlan. To help ensure successful outcomes, experienced international business coaches also provide personal guidance remotely via weekly group online sessions.
In this way budding entrepreneurs learn important business concepts, plan and test their business models, develop strategies, and work through their all-important financial forecasts.
The Importance of a Business Plan
A good business plan helps entrepreneurs clarify their business models and think through the many aspects of running a business, from cash flow to sales projections to marketing to product development. It’s also a vital document to obtain outside funding.
Planning a business and writing a business plan require skills that most developing-country entrepreneurs simply don’t have. The process can be intimidating and overwhelming. Many would-be business owners jump into business with insufficient planning and management skills, and their enterprises suffer.
EPlan is our unique and simple online business planning tool. The software guides the entrepreneur through each section of the business plan in a questionnaire format, explaining business concepts in simple terms and asking questions to solicit the required information.
Entrepreneurs fill in each section with their business information. Upon completion, a printable business plan is generated. Business owners can work on the plan online together with their management teams.
The financial section of the business plan utilizes proprietary cloud-based software, Lean Projections. When data entry is complete, the necessary financial statements for the business plan are generated with a simple click.
EPlan can also be the basis of a pitch deck.
A business plan, while critical, is not enough to ensure business success. Expert coaching complements the EPlan, supporting business owners when they have questions and encounter problems. Time is also allocated to ensure entrepreneurs understand the complexities of business finanicals.
Sessions are conducted remotely over the internet in weekly hourlong video sessions over 11 weeks. Utilizing groups of four participants encourages peer learning and enhances effectiveness. Entrepreneurs will build business skills and be able to apply learning directly to their situations.
The EPlan Program
We customize each EPlan program based on individual groups' needs.
Each week entrepreneurs complete specific sections of the EPlan template. During each session these are reviewed and discussed one by one, and questions are answered. A short lesson and instructions are provided for the next session, and so on until the plans are complete. Entrepreneurs receive a password-protected EPlan template and Lean Projections link.
Session 1 – Overview, template review, and instructions for history, key management profiles, company mission, business model, and products/services
Session 2 – Review/discussion of previous sections and instructions for market need, market characteristics, target customer profile, competition, competitive advantage, USP
Session 3 – Review of previous sections and instructions for sales sales locations, promotion plan, marketing summary, and operations
Session 4 – Review of previous sections and introduction to Lean Projections
Session 5 – EFinancials part 1
Session 6 - EFinancials part 2
Session 7 - EFinancials part 3
Session 8 – Q&A on any remaining financial questions and instructions for sales summary, financial summary and funding
Session 9 – Review of previous sections and instructions for impacts, business goals, and SWOT analysis
Session 10 - Review of previous sections and instructions for risks, implementation plan, and executive summary
Session 11 – Review of previous sections and plan finalization