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CREATING A BUSINESS PLAN

CREATING A BUSINESS PLAN. EDUCAITON FOR CAREERS PERIODS 3 AND 4. TYPES OF BUSINESS PLANS. QUICK SUMMARY ORAL PRESENTATION INVESTOR’S BUSINESS PLAN OPERATIONAL BUSINESS PLAN. PURPOSE OF A BUSINESS PLAN. STATEMENT OF YOUR GOALS REASONS YOU THINK THESE GOALS CAN BE MET

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CREATING A BUSINESS PLAN

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  1. CREATING A BUSINESS PLAN EDUCAITON FOR CAREERS PERIODS 3 AND 4

  2. TYPES OF BUSINESS PLANS • QUICK SUMMARY • ORAL PRESENTATION • INVESTOR’S BUSINESS PLAN • OPERATIONAL BUSINESS PLAN

  3. PURPOSE OF A BUSINESS PLAN • STATEMENT OF YOUR GOALS • REASONS YOU THINK THESE GOALS CAN BE MET • HOW YOU ARE GOING TO ACHIEVE THEM

  4. BUSINESS PLAN: Getting started • Questions You should ask yourself • What type of business will I create? • What type of ownership will it have?

  5. PARTS OF A BUSINESS PLAN • BUSINESS IDEA • OPPORTUNITY AND MARKET ANALYSIS • FINACIAL STRATGIES • ORGANZIATIONAL STRUCTURES • LEGAL STRUCTURES • BUSINESS MANAGEMENT • PLAN FOR GROWTH

  6. Turning an opportunity into a business • Start a NEW BUSINESS • BUY a business that ALREADY exists • BUY A FRANCHISE*** • INVEST Something NEW • ***CANNOT USE!

  7. Today’s activity • Before your group begin to create an executive summary, • please READFINDING IDEAS ON PAGES 329-330 • SAMPLE STUDENT BUSINESS PLAN PG. 483-495 • BUSINESS MANAGEMENT ISSUES PG. 469-482 • BY THE END THE OF THE CLASS PERIOD, AN EMAIL SHOULD BE SEND TO MS. BANKS WITH THE FOLLOWING INFORMATION: • THE FIRST SIX ITEMS ON SLIDE 7: • THIS IS WORTH 12O POINTS PER MEMBER OF THE GROUP.

  8. TODAY’S ACTIVITY • YOU WILL GET INTO GROUPS OF 3 • YOUR GROUP WILL ANSWER THE TWO QUESTIONS ON SLIDE 4 • You will begin working on your Executive Summary • Mission Statement • Business Name and Location • Date Business will begin • Owner’s Name, Function and contact information • Type of product or service • Target Market • The economics of one unit-Calculation of the profit or loss for each unit of sale the business will make** • Future plans

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