Introduction to Business Plans

EQ - Why is a business plan so vital to the health of your business?

1. Cost Structure Quiz
2. Hot Seat Display - 2 students will share their business models
3. Homework Check
4. Activator -Basic Biology 
5. Introduction to Business Plans
6. Muddy Points
1. What is a business plan?
2. Why is a business plan necessary?
3. What are the 3 primary parts of a business plan?
4. What are the 7 key components of a business plan?

Cost Structure

EQ - How can cost structure make or break a business model?

1. Activator: Business Model Description
1. Pick a Partner
2. Describe your business model (10 minutes)
   
2. Revisiting the Profit Equation
3. Intro to cost structure
1. Defined
2. Purpose
3. Prioritizing Costs
4. Develop a legitimate cost structure for your business model
5. Create Business Model Canvas cards
6. Preview Business Plans

**Homework** Summarize your business model in writing

Key Activities and Key Partnerships

EQ - How do key activities and key partnerships impact a business model?

1. Handouts - Key Activities & Key Partnerships
2. Think On Your Own
1. Individually read both handouts
2. Take notes
3. Summarize each handout in one paragraph
3.  Pair Up
1. Choose a partner and compare your summaries
2. Discuss the readings
3. Find the areas of misunderstanding that may exist (write these on a sheet of paper and submit to the drop box)
4. Return to your assigned seats and share with your table
5. Update the Business Model Canvas to include Key Resources, Key Activities, and Key Partnerships

The Keys Continued

EQ - How can we identify the key resources, key activities, and key partnerships of our business model?
EQ -  Why is it important to consider the effectiveness checklist when identifying the key resources in a business model?

1. Activator - How did you shrink those giant white boards?
2. Effectiveness Checklist
3. Review of Key Resources
4. An insightful inquiry into Chipotle
1. TPS - Jigsaw Groups
2. Class Discussion
5. Business Model Canvas Component
6. TOD - Why is it important to consider the effectiveness checklist when identifying the key resources in a business model?

Three Keys

EQ - How do Key Resources, Key Activities, and Key Partnerships impact a business model?

1. Q & A - Revenue Streams
2. Knowledge Check Part 1
3. Mini-lesson: Factors of Production
4. Advanced Organizer
5. Partnership Reading
6. Knowledge Check Part 2
7. Create Images for Business Model