Business Plan Continued

1. Activator - Peer Review w/ Rubric
1. Evaluate your partner's business plan so far
2. What do you like about it?
3. How can you make your own plan better?
2. Business Plan Work Time
3. BIG ANNOUNCEMENT

Sample Business Plans

Intro to Business Plans

EQ - How does a well-written business plan benefit an entrepreneur?

‰        Introduction to Business Plans

o   Importance of Business Plan (p. 64 – 68)

o   Elements to Include (69 – 77)

§  **NOTE** We have already completed EVERYTHING for our business plan.  Our complete business model gives us our foundation for writing our business plan

o   Begin Business Plan Composition

‰       BUSINESS PLAN ELEMENTS

o   Introduction

§  A detailed description of the business & its goals

§  The ownership of the business

§  Skills and Experience the owner brings to the business

§  The Advantages our business has over the competition

o   Main Body

§  Marketing (71-72)

§  Financial Management (72-73) (Cost Structure)

§  Operations (73)

§  Concluding Statement (73)

o   Appendix

§  Supporting documents that provide additional information to support your plan (these will be limited) (76)

‰       **NOTE** Pages 74-77 should assist greatly

Rubric - CLICK HERE

The 3 Keys

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

1. "So Much Room For Activities"


2. Introduction to The 3 Keys
3. Advanced Organizer
4. Mini-lesson: Factors of Production
5. Partnership Reading
6. Class Discussion
7. Muddy Points
8. Create Images for Business Model
9. Test Review