Intro to Business Plans

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

1. Introduction to Business Plans
2. Importance of Business Plan (p. 64 – 68)
3. Elements to Include (69 – 77)
1. **NOTE** We have already completed EVERYTHING for our business plan.  Our complete business model gives us our foundation for writing our business plan
4.  Begin Business Plan Composition
5. BUSINESS PLAN ELEMENTS
6. Introduction
1. A detailed description of the business & its goals
2. The ownership of the business
3. Skills and Experience the owner brings to the business
4. The Advantages our business has over the competition
7. Main Body
1. Marketing (71-72)
2. Financial Management (72-73) (Cost Structure)
3. Operations (73)
4. Concluding Statement (73)
8. Appendix
1. 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  (Due January 13 by 3:00 p.m.)

Business Plan Writing Resources

Forbes - Business Plan Outline - 23 Point Checklist for Success

SBA - How to Write a Business Plan

Entrepreneur.com - Step-by-Step Guide

Inc.com - How to Write a Great Business Plan

Sample Business Plans

Business Model Development

The following must be printed and submitted by the end of the class period today.  Each segment is worth 10 points (80 total points).

• ð        Your company overview
• ð        Your company’s story
• ð        Detailed description of your Customer Segment(s)
• ð        Empathy Map
• ð        Detailed description of your Value Proposition
• ð        Detailed description of your Channels
• ð        Detailed description of your Customer Relationship Plan
• ð        Detailed description of your Revenue Streams

Print Directions

• ð        Place your name in the header of each page
• ð        Double space your text
• ð        Print to C142 or the Kyocera printer. 
• ð        Staple the document and submit for grading. 
• ð        Submit to the top basket prior to the end of class

Failure to submit any component of this assignment will result in a 10% deduction from your final score.  This will repeat each day, even if we do not meet as a class.

Revenue Streams

EQ - Why are revenue streams vital to a business model?

1. Activator - Anticipation Guide
2. Revenue Streams
1. Heart Analogy
2. Handouts
1. Actively Read
1. What are revenue streams?
2. Why is it important to understand revenue streams?
3. What are some examples of revenue streams?
2. Muddy Points 
3. PowToons Project
1. Choose 1 type of Revenue Stream
2. Create a Mind Map to develop a complete understanding of your revenue stream
3. Use your Mind Map to create a PowToons video to share your Revenue Stream with the rest of the class.
4. NOTE - The PowToons video MUST be completed by the end of next class
4. Muddy Points
5. Business Model Canvas work time