Introduction – Glen Morrison

Home Forums 1. Participant Introductions (August 30 to September 6) Introduction – Glen Morrison

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  • #1970
    Glen Morrison
    Participant

    Hello everyone;

    I am Glen Morrison, currently living in Morinville Alberta. I retired from the CAF in 2014 after 26 years as an MP officer where I was posted in CFNIS and CFNCIU for most of the time. I am still in the Reserves as an MP officer with 1 MP Regiment. I have deployed to Bosnia, Afghanistan, Libya and Iraq. I am a full time employee with the Alberta Government in Justice and Solicitor General with the Provincial Security and Intelligence Office as the operations manager responsible for identifying human induced threats and developing risk mitigation and safety plans for staff – our mantra is protecting what matters most – people, property and Information.

    I am a new entrepreneur

    I am a Certified Protection Professional (CPP) with the American Society for Industrial Security and would like to explore the idea of creating my own security consulting business – with the focus on Municipal / Provincial level contracts for policy development, risk assessments, security surveys, security training.

    Interesting fact – after 50 years of playing hockey, I hung up the Goalie pads and now referee Alberta Minor Hockey, Edmonton Rec hockey and Military Intersection

    Two Burning questions – exactly what is a business plan and how to develop it
    How to develop a viable network and learn about bid opportunities

    Glen

    #1985
    Judy Evans
    Keymaster

    Glen,

    What exactly is a business plan? Darned good question!

    A business plan is a factual document that compiles about 10,000 key business decisions, some are small decisions and some are huge decisions. A business plan is broken into 5 sections:

    1. Executive Summary – provides the overview of the business
    2. Marketing Plan – analysis of the market and the strategies to connect with the market
    3. Operations Plan – how the business will function day by day. There are 4 types of businesses – service, retail, wholesale and manufacturing (in order of complexity). This section defines the management team, the staff, location, equipment, inventory, risks and risk mitigation, etc.
    4. Financial Plan – includes the start up costs, cash flow (budget – projected revenues and expenses), assets and liabilities, financing needs and owners networth statements.
    5. Appendix – the supporting documents to the business plan (supplier information, owners resumes, floor plan, lease agreements, construction and equipmnet quotes, etc.)

    The business model canvas that we use in this course, is the starting point for developing a full business plan.

    A business plan is not a literary document, it is a factual document with lots of point form, charts, graphs, etc. It is the road map for the entrepreneur and the tool used to apply for funding from any source.

    Questions?

    Judy

    #1992
    Erin Melnychuk
    Moderator

    Good morning Glen,

    It’s so wonderful to learn about you and your business idea.

    Judy has done a great job answering your question about a business plan.

    I’ll add, that we use business models first, before encouraging entrepreneurs to move on to business plan development, because there are so many variables which go into the business model. We use canvas to sketch out the model, so we can quickly play with the variables, until we land on a model which can work. Once we settle on a business model which we think can work, we can move on to developing it in detail through a business plan. The reason we don’t recommend going to straight to a business plan, is that the documents can be up to 50 pages long, and a very linear process. This means that if you realize one variable needs to change while you’re developing your business plan, it’s not so easy to update the thread all the way through your business plan.

    Looking forward to learning more about your business goals as we progress.
    Erin.

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