17 th April 2015 Launch and Training Session - Business Plan

WHAT YOU WILL BE LEARNING Innovation & Enterprise Generate Earth- Friendly Business Ideas Leadership & Team Spirit Develop a Viable Business Plan Hands-On Learning Experience

Things to do: Submit a Business Proposal

BUSINESS DESCRIPTION Allow reader to understand business thoroughly

ENVIRONMENTALLY-FRIENDLY ELEMENT How does it help to save the environment?

MARKETING How to make people buy your things?

BASIC ACCOUNTING Keep a record of how much you hope to earn and how much you will be spending.

HOW TO BE SHORTLISTED? Criteria Weightage Business Description 20% Environmentally Friendly Element 40% Marketing 30% Accounting 10% Total 100%

AWARDS & PRIZES TO BE WON! Awards Prize The Most Earth Friendly Enterprise $300 The 2 nd Most Earth Friendly Enterprise $200 The 3rd Most Earth Friendly Enterprise $100 The Most Creative and Innovative $100 The Most Attractive Display (SG50 Theme) $100 The Most Engaging Earth Friendly Sales Presentation $100 The Social Media Darling Award $100 * For each day! :D

IMPORTANT DATES TO REMEMBER! 27 April 15 May 4-5 July Submission of Business Proposal 40 Finalists Shortlisted Changi City Point

What makes a Company ‘Green’? Environmentally Friendly Sustainable Business Practices Reduce, Reuse, Recycle

Examples of Green Companies

 Innovative concept to power car by both petrol and battery powered engine.  Toyota also made use of the assisted battery engine to significantly decrease fuel consumption. TOYOTA

THE BODY SHOP REDUCE CO2 emissions by 50% Electricity consumption by 50% Waste output by 50% Domestic water consumption by 25% Use natural ingredients for their products Product bottles made from 100% post consumer recycled plastics.

1.How badly do you want to WIN? 2.Are you mentally prepared to OWN this business? Ask yourself these questions:

Is it addressing a need? The Business Idea Is it new or different? Can it be done? Are there people who want it?

Examples - Pencil case - Home Decorations For more ideas, visit: The Business Idea

A Winning Business Plan WHO WHAT WHEN WHERE WHY HOW

Business is a TEAM Sport Nominate a Leader Set a Common Goal Phase 1: Starting Point

1.What is your Business? 2.Why did you choose this Business? 3.What are your Strengths and Weaknesses? 4.Include drawings or pictures 5.Handcrafted products will be preferred Phase 2: Business Description

1.How is your business eco-friendly? 3Rs? Phase 3: Eco-Friendly Element Reduce? Recycle? Reuse?

2. How can your customers benefit from your product? Phase 3: Eco-Friendly Element

Phase 4: Marketing

Guerilla Marketing – Minimum Costs, Maximum Exposure Phase 4: Marketing

Phase 5: Financials Basic Accounting – Profit and Loss Statement Start up Costs – Cost required to set up the Business Examples – Materials – Decorations – Transportations – Storage Cost of Goods Sold (COGS) – Costs required to create the goods to be sold

Phase 5: Financials ItemAmount Total Sales1000 Less: Cost of Goods Sold500 Gross Profit (a)? Less: Expenses 1.Stationery Marketing Materials100 Total Expenses (b)200 Net Profit (a) – (b)?

Phase 5: Financials ItemAmount Total Sales1000 Less: Cost of Goods Sold500 Gross Profit (a)500 Less: Expenses 1.Stationery Marketing Materials100 Total Expenses (b)200 Net Profit (a) – (b) 300

1.Go to 2.Click on “NYBC 2015 Competition Details” 3.Download the Business Plan Template 4.Submit your plans to 5.Deadline: Monday, 27 th April 2015 Submission Details

Things to be included when submitting: 1.Name of School 2.Name, address and Contact Number of Teacher In-charge 3.Group Name 4.Student Names (6 Maximum) 5. address and Contact Number of Student Leader Submission Details

A Winning Plan Should Be: – Concise (Maximum 4 Pages) – Informative & Comprehensive – Include pictures/drawings – Neat and Easy to Read Requirements Criteria Weightage Business Description 20% Environmentally Friendly Element 40% Marketing 30% Accounting 10% Total 100%

THANK YOU.