On Feb. 14 in 2018, the international students at YCCS (Yokohama Creative-City Studies) program presented their own business plans.
It is a requirement for all the YCCS international students at the end of the semester to show their skills and ability which they acquired in the classes to develop a feasible business plan.
I participated in the event as one of the judges to evaluate their proposals. Each judge is required to place a bit to some of the proposals as an investor.
The major criteria are
(iii) financial validity and
Not only a creative idea but also “business reality” such as solid logic and financial validation is required
I was so happy to know that they properly applied the skills which I taught in my classes, especially financial validation, benchmarking, logic development and data utilization. etc.
I believe that this kind of program is quite unique not only in Japan but in general. But this is really worth learning for the students who will start their professional careers in the complex and competitive business environment.
I am so proud that they did great jobs. Congratulations!!
I saw great progress of my students to develop their own financial plan with business strategy.
It took only three months to achieve it, who did not know even what “Revenue” is in April.
Here is an example output of a student in the class.
The business case was “web site developer” where you need to develop a business plan to reach positive profit within a year.
Reasonable business strategy in line with the assumptions in the business model is also required in the presentation.
This is a fundamental and basic business skill where you will be required in any type of business in the world.
I would be happy to discuss a chance to conduct the class (even as an intensive program).
This is another video from my class “Business management with accounting and finance” at Yokohama National University for the international students.
Students are developing their own financial plan(simulation) for the business with Excel.
This is a technique I used to use in Nissan to propose a new business and/or new affiliate companies to the executives including the CEO.
You can make a profit simulation to see when and how much profit you will get in a certain year in the future with a variety of assumptions.
It is extremely practical, which you cannot learn at an ordinary schools or universities.
I would be happy to conduct an intensitve course (a few days/ a week etc.) in you need the program.