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• READ/REVIEW ALL SLIDES FOR UNDERSTANDING OF THECONCEPTS AROUND THE BUSINESS PLAN
• DEFINE IN WRITING YOUR DEFINITION OF EACHVOCABULARY WORD
• COMPLETE THE “STUDENT EXERCISE “ IN WRITING
CALE-JR-MM-OFFSITE LEARNING PACKET-DAY 4-40POINTS
• READ/REVIEW ALL SLIDES FOR UNDERSTANDING OF THECONCEPTS AROUND THE BUSINESS PLAN
• DEFINE IN WRITING YOUR DEFINITION OF EACHVOCABULARY WORD
• COMPLETE THE “STUDENT EXERCISE “ IN WRITING
STUDENTS WILL INCLUDE THE FOLLOWING ON EVERY WRITTEN ASSIGNMENT THEY COMPLETEE• CALE-STUDENT NAME-OFFSITE LEARNING PACKET‐DAY ___ 1,2,3 ETC
ALL ASSIGNMENTS WILL BE GIVEN A DAILY # GRADE IN GRADEBOOK…BEGINNING WITH DAY 1
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Chapter 35Developing a Business Plan3/16/2020WEEK
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SHARE A TIME WHEN YOU UNDERESTIMATED SOMETHING YOU HAD TO DO AND IT CAUSED A LOT OF STRESS OR FAILURE FOR YOU…
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A BUSINESS PLAN HELPS AN ENTREPRENEUR DEVELOP GOALS, DETERMINE RESOURCES, AND IDENTIFY HOW THE BUSINESS WILL OPERATE. A BUSINESS PLAN ALSO HELPS LENDERS DECIDE TO INVEST IN THE BUSINESS.
THE MAIN IDEA
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Vocabulary
BusinessPlan An application that creates
text documents that may contain a few graphics.
Business Philosophy A company’s stated beliefs
on how its business should be run.
Trading Area The geographical area from
which a business draws its customers.
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4 PARTS TO A BUSINESS PLAN
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7 ELEMENTS OF DESCRIPTION & ANALYSIS
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4 CHARACTERISTICS OF TRADING AREA ANALYSIS
Trading Area Analysis
Geographic DataDemographic Data
Economic DataCompetitive Analysis
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STUDENT EXCERCIZE
STUDENTS WILL TAKE EACH OF THE 4 PARTS OF THE BUSINESS PLAN FROM THE PREVIOUS SLIDE AND IDENTIFY A BUSINESS THEY WOULD START FROM NOTHING AND ASNWER EACH OF THE 4 PARTS. Include at least 3-5 points for each:
1. DESCRIPTION
2. ORGANIZATIONAL PLAN
3. FINANCIAL PLAN
4. MARKETING PLAN