How do you make a peanut butter and jelly sandwich?

1. How do you make a peanut butter and jelly sandwich? Number and write the steps

2. Lights! • SMART goals activity…

3. Business Plan Written document that EVERY business should have that describes all steps necessary to open and operate a successful business

4. Why Should You Prepare a Business Plan? • Explains your idea • Explains how you plan to make and sell goods/services • Sets objectives and how youplan to achieve them • Describes your background and experience • States how you plan to work with customers and competitors

5. Why is the Business Plan Important? • Makes you think about ALL aspects of your business • May help you secure financing • Helps you communicate ideas • Can serve as a tool for managing your business • Can be used to make an existing business better

6. Basic Elements • Introductory Elements • Main Body • Introduction • Marketing • Financial • Operations • Concluding Statement • Appendix

7. Main Body: Introduction Detailed Description Ownership and Legal Structure Skills and Experience Advantages

8. Main Body: Introduction • Detailed Description • Describe how you came up with the idea • What is your business about? • Outline your short term, mid term, and long term goals • Describe your vision of your company’s future • Be realistic and back up your details

9. Main Body: Introduction • Ownership and Legal Structure • Sole proprietor, partnership, or corporation • Information relevant to the type you chose • Partner’s names, how many shareholders you will have • Important section because the forms of ownership influence how the business works and how profits are made

10. Main Body: Introduction • Skills and Experience • Summary • Emphasize all experience you have that relates to the business • Paid, volunteer, hobbies

11. Main Body: Introduction • Advantages over competition • Performance • Quality • Reliability • Distribution • Price • Promotion • Public image or reputation