EMBA44 Capstone Handbook
EMBA44 Capstone Handbook
EMBA44 Capstone Handbook
Handbook
Contents
Capstone Project
Basic Contents of the Business Plan
Learning Outcomes
Capstone Presentation
Assignment Requirements
Project Guidelines
Context
Content and Structure
Presentation Design
Delivery
Learning Outcomes
Business Concept
Document Structure
Plan Detail
Presentation
Research
Grading
You will be required to submit a written business plan and to pitch an aspect of your plan
with a slide deck (either live over video conference or recorded and submitted) in a pitch
that is 10 minutes maximum. Both the written business plan and pitch are graded
separately and considered separate submissions.
In addition, all eligible high scoring projects/plans will be entered into Quantic’s annual
entrepreneurial pitching competition—Moonshot! Comprised of multiple rounds, it gives
students an opportunity to submit their Capstone project for a chance to be reviewed by
VCs and other business leaders, as part of a live final event. One grand-prize winning
team (or individual) will receive a cash prize of $50,000 to help them launch their winning
idea. You’ll be receiving more details about the Moonshot competition over email.
Capstone Project
The Capstone Project is a future-oriented, written business plan, typically around 30-35
pages in length (your plan may be longer, but rarely shorter). We are looking for a
cohesive, persuasive plan that demonstrates high-quality research, is presented in a high
impact manner, and convinces the reader of the viability of the business idea.
We recommend that you begin by making a copy of this template. (Note: after opening
the link, click “make a copy” to begin working on your own copy of the template.) The
template provides key guidelines; follow those instructions to create a successful plan,
but remember to delete the advice from your final document.
The template contains the basic sections that must be completed in order to create a
comprehensive plan and to receive full credit for your plan. However, it is intended to be
flexible, and you may add to, amend, or develop sections as fits your specific business
idea. For example, you may need to present five years of financial projections rather than
three (see below) or, if you are a non-profit, you may decide to incorporate a “fundraising
strategies” section. Every business is different, and so is every business plan.
Note: A basic requirement to pass this project is that the viability of the business idea is
demonstrated. For for-profit businesses, we require that you provide three years of
healthy and profitable profit and loss statements, cash flow statements, and balance
sheets. In other words, if years 1 and 2 of your business are unprofitable, or demonstrate
negative cash flow, provide three additional years of statements. If your business is a
not-for-profit, at least three years of sustainable financial health should be demonstrated.
Learning Outcomes
When completed successfully, this project will enable you to:
● Identify a promising opportunity through researching and analyzing an industry
and its market.
● Create a cohesive, detailed plan to capitalize on an opportunity by forming a new
business.
● Evaluate the potential risks and rewards of a business opportunity.
Capstone Presentation
You will also deliver a 10 minute pitch for your new business. To do this you’ll determine
your context; identify which elements matter to your audience; and prepare, rehearse,
and present your pitch.
Pitching is one of the most impactful skills you can learn. A good pitch can mean the
difference between funding or no funding, have a direct impact on the talent you attract,
and buy you positive social capital. This is a great opportunity to practice this crucial skill!
Assignment Requirements
● To receive credit, each group member must be visibly present and participate
meaningfully.
● In order for Quantic to verify the identity of each participant, the presentation must
include video and audio of every group member.
● The pitch should last no more than 10 minutes. If presenting live, please be
prepared to answer questions at the end of the presentation. These questions will
not be counted against your time, and your answers will not impact grading.
● You may use Powerpoint, Keynote, or Google Slides to build your presentation.
(See the Resources section below for more on building an effective slide deck.)
Project Guidelines
Context
Different audiences need different subsets of information about your business. Decide
on a context for your pitch and explain it at the beginning. Note that this explanation
does not count toward the time limit. Also tell us what the objective is—it should be
specific to your context and your business (asking Quantic for a 5/5 doesn’t count!). You
might be pitching for a number of reasons, and different audiences will naturally have
different, though overlapping, questions.
Some ideas:
● Communicate your concept to a potential C-level partner (need a CIO?)
● To secure funding from a VC or a government agency (if this is your choice, be
sure to include your specific ask and the expected return)
● At a networking event, to attract mid- or senior-level talent to your organization
● At a chamber of commerce or other business association event
● To an upstream/downstream business you want to partner with
● To secure a nonprofit partnership
Make sure you structure your pitch to give the audience the gist of your idea, answer
their top questions, and give them a clear path to continue the conversation. This is a
chance to display your expertise and generate enthusiasm for your idea.
The presentation and the written business plan are distinct submissions and you should
treat them as separate projects. You might want to think about the presentation as an
initial pitch that would spark the audiences’ interest in reading the main plan.
Presentation Design
Use the presentation tool of your choice, but use the medium to its advantage. Make
effective use of visual elements! Avoid placing long blocks of text on a slide—under no
circumstances should you read your audience the text that’s on the slide. Your slides
should be an accompaniment, rather than notes for you to read.
Instead think about using charts, maps, graphs, quotes, or large format text and photos.
Visual aids can help cement your message and make your pitch memorable.
Delivery
Make sure you practice your pitch a few times before you submit it, either live or on
video (and yes, we can absolutely tell!). If you are in a team, try to get together to
practice. If you find that difficult to schedule, you can still practice your section—just
record it and send it to your team for feedback!
If you can get a friend, peer, or another student group to watch and give you feedback,
all the better. Having an audience will help you work out issues of pacing and timing,
identify gaps in your content, and highlight places where you can revise your slides to
make your message stronger.
Learning Outcomes
When completed successfully, this project will enable you to:
● Pitch your business in a lively, engaging, and compelling fashion.
● Develop a visually pleasing and well-organized slide presentation.
● Anticipate likely questions from investors and other stakeholders.
● Hone your presentation skills.
Project Kickoff
For the capstone, you may work individually or in a group of up to 6 students. We highly
recommend that you work in a group for this project. The Capstone is a much more
intensive project than any other project, and our research shows that students that work
in groups are more likely to graduate than students who work alone. If you’d like to work
in a group, please choose your partner(s) by the end of the kickoff week.
Your first task is to think of a business idea! If you are stuck, you might want to take a
look at this list from Business News Daily to find ideas that may suit you, or you could
make a business plan for your current company. Look out for an invitation to attend one
of our Business Idea Deconstruction Workshops, which is an optional event designed to
provide you with inspiration on how to break into the startup business world. We also
recommend completing the course Developing a Business Plan as soon as possible. This
course will introduce you to each section of your Capstone Project.
Research Phase
The majority of the time on your Capstone project will be spent conducting research to
validate your ideas and support the development of your sub-strategies. While your
business may be fictitious, your industry and market research must be based upon
factual information.
During the research phase, you will have the opportunity to consult with the Quantic
Librarian, who can give you guidance on your research strategy. In addition, you will be
sent links to the following pre-recorded webinars via Slack:
Key Sources
In addition to our two databases (ProQuest One and Statista) good sources for the types
of secondary data you’ll need for the business plan include NYU’s list of historical
industry growth rates and projections from the US Bureau of Labor Statistics. You can
also use information from reputable industry-specific associations—for example, The Toy
Association for toy manufacturers.
We also recommend that you revisit Accounting III: Financial Statements and Creating
Financial Statements in Excel for help writing the financial plan.
Capstone Check-Ins
You will also have the opportunity to have two check-ins with a member of the Academic
Team to ask questions and receive feedback on work in progress—a general check-in to
talk about your overall business plan and a more specific check-in focused on the
financial statements you’ve created. Before each check-in period, we will send out
notifications over Slack and email letting you know how you can sign up. To get the most
out of this check-in, we recommend preparing questions and submitting any material you
want reviewed. Work in progress or supplemental material can be sent well in advance of
your check-in appointment to projects@quantic.edu.
Finalization Phase
Towards the end of your Capstone journey, you will be polishing your plan and
developing your pitch. To prepare for your pitch, you can watch our pre-recorded Pitch
Perfect webinar, which will show you how to use the power of storytelling to connect to
your audience and empower them to action. You may also want to check out the
following resources:
● The Art of Presentation course for specific guidance on creating your slide deck
and presenting it with confidence.
● Example of a Business Plan and Pitch Deck, keep in mind the following are
examples and not exemplars:
○ S’Naps Business Plan, an example of what a business plan should look like.
○ S’Naps Pitch Deck, an example of what a pitch deck should look like.
● YCombinator seed deck template to organize your presentation.
● Guides on Powerpoint, Keynote, and Google Slides to familiarize yourself with the
presentation program of your choosing.
Plagiarism Policy
Quantic takes academic integrity very seriously—we define plagiarism as: “Knowingly
representing the work of others as one’s own, engaging in any acts of plagiarism, or
referencing the works of others without appropriate citation.” This includes both misusing
or not using proper citations for the works referenced, and submitting someone else’s
work as your own. Quantic monitors all submissions for instances of plagiarism and all
plagiarism, even unintentional, is considered a conduct violation. If you’re still not sure
about what constitutes plagiarism, check out this two-minute presentation by our
librarian, Kristina.
It is important to be conscientious when citing your sources. When in doubt, cite! Kristina
outlines the basics of best citation practices in this one-minute video. You can also find
more about our plagiarism policy here.
been read when preparing your presentation. The pitch should be designed as a
standalone submission.
Submission Logistics
You must submit your video or schedule your presentation no later than two weeks
after the written Capstone due date. You’ll have the opportunity to submit a video
recording of your presentation or schedule a live video presentation starting after you
submit your written Capstone.
○ Live Pitch: If you choose to present live, the Quantic team will circulate a link to
register for a live time slot close to the written project submission date. Please
ensure that all group members can attend the live video conference. Note that
live presentations will be recorded for internal grading purposes only, unless
explicitly instructed otherwise.
○ Video Recording: If you choose to submit a recording, submit your work as an
unlisted Youtube video:
1. Create a Zoom account and host a meeting with all of your group
members.
2. Record the presentation using the guidelines at this link.
a. Be sure that all group members enable video cameras so that they
are visibly present during the recording. All members must speak at
least once. This will allow Quantic to verify each participant’s
identity.
3. Upload the final recording to Youtube as an “unlisted” video. For help, you
can follow the steps in this tutorial.
Email a link to the Youtube video to projects@quantic.edu. Please include the names and
email addresses of each of the group members present in the video.
See the scoring rubrics below for details on how your plan and pitch will be graded.
Score Description
5 ● The business opportunity, key people, business context, and potential risks
& rewards are all clearly, thoroughly, and compellingly described.
● The plan includes all relevant sections (see checklist above), is organized in
a thoughtful and purposeful manner, and provides visual aids and optional
addenda where useful.
4 ● The business opportunity, key people, business context, and risks & rewards
are all clearly and thoroughly described.
● The plan includes all relevant sections (see checklist above), is organized in
a thoughtful manner, and provides visual aids where useful.
3 ● The business opportunity, key people, business context, and risks & rewards
are all described, though some details are missing or incomplete.
● The plan includes all or most relevant sections (see checklist above) and is
organized in a reasonable manner.
2 ● The business opportunity, key people, business context, and risks & rewards
are all described, though there are significant information gaps or
inconsistencies within those descriptions.
● The plan includes most relevant sections (see checklist above) but may be
disorganized or poorly presented.
1 ● The business opportunity, key people, business context, and risks & rewards
are not all described, and/or there are such significant information gaps or
inconsistencies that the descriptions are not comprehensible.
● The plan is missing key sections and has no clear organization. May have
poor presentation and/or be difficult to read.
5 thoughtful and
compelling manner.
relevant, and highly
persuasive.
appropriate visual aids to
add value to the
unique areas of expertise,
the presentation has
presentation. been well rehearsed and
meets the constraint with
engaging pacing.
The pitch includes all The details provided in The slide presentation is All students are visibly
relevant information and the pitch are factually generally well-designed present and participate
is organized in a correct, relevant, and and some visual aids are meaningfully during the
4 thoughtful manner. generally persuasive. included. The slides
generally support the
presentation, the
presentation has been
presentation. rehearsed and timed to
meet the time constraint.
The pitch includes all or The details provided in Any grammatical errors or All students are visibly
most relevant information the pitch are generally design flaws in the present and participate
and is organized in a factually correct, presentation do not meaningfully during the
reasonable manner. relevant, and clear. seriously inhibit the presentation, the
3 reader’s ability to interpret
the slides. Not all slides
presentation has been
timed to meet the time
add value to the pitch constraint.
and/or the presenter(s).
read some of the slides.
The pitch includes most Some of the details Design flaws or All students are visibly
relevant information but provided in the pitch grammatical errors may present and participate
may be disorganized or may be factually make it difficult to interpret during the presentation,
2 poorly presented. incorrect, incomplete,
irrelevant, or unclear.
some slides. The slides add
little value to the pitch
time constraint is not
followed and pacing is
and/or the presenter(s) uneven.
read the slides.
The pitch may be poorly Many of the details Many or most slides may All students are visibly
organized or missing key provided in the pitch be difficult to interpret due present and participate
sections. may be factually to grammatical errors or during the presentation.
1 incorrect, significantly
incomplete, irrelevant,
significant design flaws.
The slides add no value to
or unclear. the pitch, and/or the
presenter(s) read the slides.
0
The students either did not complete the assignment, plagiarized all or part of the assignment, or are not
recorded on video and audio during the presentation.
Business Concept
● Does my business have to make a profit?
● Can I use a fictitious or hypothetical business?
Document Structure
● Do I have to use the business plan template?
● How long should the business plan be?
● Can I include images?
● Do I need to cite images?
Plan Detail
● What is the right amount of detail to include in each section?
Presentation
● How should I prepare for the pitch?
● How should the pitch be structured?
● Who should I aim the pitch at?
● What goes on the pitch slides?
● Should I assume that my written project has already been read?
Research
● How can I find out about the size of the market?
● What are some good sources for industry/competitor information?
● Can I conduct primary research?
● What can I do if I don’t have any competitors?
● Can the financial information be made up?
● What kind of help is available at the check ins?
Grading
● What is a passing score?
Business Concept
Does my business have to make a profit?
No! You can create a business plan for any type of organization. This includes social
enterprises, charities, and other third-sector organizations. You may amend any section
of the business plan template to meet your needs. For example, your ‘profit and loss’
accounts can be used to show sources of donated funds and to demonstrate the viability
of the idea. However, if you are working on a for-profit business, at least three years’ of
profitability must be shown.
Document Structure
How long should the business plan be?
All business plans differ, but roughly you should be aiming for 2-4 pages of content per
section, for a total of around 30-35 pages. Remember that content includes visual
elements—in fact, long swaths of text are to be avoided.
Plan Detail
What is the right amount of detail to include in each section?
It depends; however, as a general rule of thumb, include both information and a
justification (either explicitly or implicitly) for each decision. For example, if your idea is
aimed at elderly people, you will need a thorough justification why your promotional
strategy uses social media. Equally, it is not enough information to tell us that your
product will be $2.99. Rather, you might indicate something along the lines of: A
penetration pricing strategy will be used, with $2.99 the entry price. As the competitor
analysis shows, the average price of similar products is $5.99. The penetration strategy
will enable us to capture 10 percent of the market within the first six months, thus
achieving our aims for year 1.
Presentation
How should I prepare for the pitch?
Determine your context, identify which elements matter to your audience, prepare,
rehearse, and present your pitch. Remember that the pitch is about ‘selling’ your idea, so
preparation is key. Even if your audience is not physically present, you must imagine
them to be so it is important to follow the basic rules for presenting—this means good
eye contact and confident body language, an authoritative yet authentic delivery, and
remembering to minimize distractions (such as your phone pinging in the background!).
Refer to The Art of Presentation course for specific guidance on creating your slide deck
and presenting it with confidence.
Research
How can I find out about the size of the market?
Use your best estimate based on the information you can find. Although it may be
challenging to find market information from quality sources, you can glean insight and
make estimates based on primary and secondary research. Likely, your local jurisdiction
reports census-based information by demographic characteristics and is always a good
start (for example, Statistics Singapore in Singapore, the US Census Bureau in the US,
and the Office of National Statistics in the UK). You can also find information about the
market from Chambers of Commerce and from local newspapers and journals.
real estate listings to get an idea of the rent and rates for your business premises, or
consult competitors’ business plans (a Google search might yield some, or consult the
repository bplans.co.uk) to get an idea of the costs of utilities, transportation and the like.
Grading
What is a passing score?
For the written Capstone plan, you must receive a 3 or higher to receive credit. For the
Capstone presentation, a 2 or higher is passing. In order to graduate, you must submit
and pass both your written Capstone project and your Capstone presentation.