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Teams led by entrepreneurial Harvard Business School alumni representing seven domestic and international regions presented business plans for their start-ups to judges on Monday during the final round of the School’s first Alumni New Venture Contest. Representing the HBS Club of India, Krishna Mahesh (MBA 2005), founder and CEO of Sundaram Medical Devices, took top honors against teams representing HBS Alumni Clubs in Boston, Chicago, London, New York, Northern California, and Southern California. The result was announced on Tuesday night at the finals and awards ceremony for the HBS student Business Plan Contest.

David Goodman discusses how to start up a new business or expand your business, and what are the essential and winning points in a business plan.

Jim Ellis talks about the elements of a successful business plan as well as common mistakes related to its development and use. Recorded: January 31, 2007

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Many people have unique ideas about businesses they want to start. But before you do anything, you need to have a detailed business plan in place. It may be your blueprint for success.