Intro to Business Plans

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

1. Activator - Brainstorming
1. Economies of Scale
2. Economies of Scope
2. Test Review
3. Exam

Part 2

1. Activator - 
2. Introduction to Business Plans
3. Importance of Business Plan)
4. Elements to Include 
5. Begin Business Plan Composition

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

BUSINESS PLAN ELEMENTS

1. Rubric - CLICK HERE

Intro to Cost Structure

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

1. Activator: Make a list everything you have done so far today
1. Discussion
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. Preview Business Plans

**Homework** Summarize your business model in writing