Written by: Jesús Bonifacio Nguema
Dreams Talks is a meeting, dialogue on cross-cutting issues, organized by the Dreams Hub Research and Innovation Center, which brings together once a month, entrepreneurs, students, investors, company managers, and/or anyone interested in the development of the entrepreneurial and innovative ecosystem under one roof to dialogue and engage in a chosen topic or presentation.
Last Saturday, November 20, the President of the EMEG (Association of Equatorial Guinea Entrepreneurs) ÓscarGanet, was the guest speaker and treated the topic: Preparation of a Business Plan.
About thirty people attended ranging from entrepreneurs to established professionals as they listened and interacted with the speaker.
In the Preparation of a Business Plan, it is necessary to identify some needs or ” problems ” and propose from among the answers to these obstacles, the solution: the fastest to implement, the most economical and the most profitable, explained the speaker.
“Business plans serve as a compass for the entrepreneur.” Óscar Ganet explained, projecting a practical example of the creation of a distribution bakery in the rural areas of Bioko.
The reference served to clarify the points of a Business Plan: What it is and what it is for; The Approach, the Investment (which can be subsidized or financed); General Expenses, Sales, Results and Cash Flow, and finally the Investment Analysis.
The most important part of this Dreams Talks has been the Analysis of the Profitability of the Business Idea, corresponding to the second part of the presentation. In it, Juan Mizumbi, assistant and fellow of the AUTOCLAX platform, believed that, “to convince an investor it is vital to demonstrate the viability and profitability of the business.” A statement to which Ganet agreed, which also insisted on the importance of reflecting real data in the Profitability Index, an indicator that represents the percentage or probability of success, or return on investment of the project.
” Although the profitability of a company is already reflected in a coherent and convincing way in the Business Plan, there is no infallible guarantee that the project will work. Therefore, its viability is not entirely guaranteed, but it does anticipate the possible risks that its implementation entails and how to face them, ” added entrepreneur, Isidro Nvere.
To conclude the talk, Óscar A. Nchaso Bekari, Founder and Managing Director of the space thanked the speaker and the participants, summarizing that the Business Plan is that map that should reflect three scenarios: the possible, the probable and the preferable and that Dreams Hub is a space of co-creation that offers three things: skills, financing and a network of contacts. Clarifying about financing, he pointed out that they advise the entrepreneur on how to get investors. In the same way, he encouraged the attendees to delve into entrepreneurship, since the objective of the Dreams Talks is to awaken the thirst for research and create an ecosystem made up of different professionals.
Dreams Hub contributed to this article