It sounds legit....so CONGRATULATIONS!!!
You must agree to use the funds to create a business within your community. You may wonder...what are we supposed to create?
It is completely up to your group. Its almost that easy. There are only a few additional requirements which are listed as follows:
- Describe the business (Purpose, Type of Business, Consumer Needs Being Satisfied)
- Picture of how the business will operate
- Describes in detail the Factors of Production needed to operate
- List of proposed resources to be used including
- Volume/Amount Needed
- Cost (Fixed/Variable)
- Place an asterisk (*) next to each ESSENTIAL resource
- How many products will you need to sell in order to breakeven?
- What is unique about your product?
- What does it cost to produce? At what price can it be sold?
- How much debt do you have?
- How will you distribute your product?
- How many competitors exist?
- How will you best reach your customers?
- Who?
- What?
- Where?
- When?
- Why?
Mr. Hill's Notes
Retrieval, Analyze, Synthesis, & Evaluation
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