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Your Task As a sole proprietor, create a hypothetical future business in the Capital Region Present your business plan to the class
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A Word to the Wise… Business ideas begin small and grow in time Do not try to be everything to everyone Offer something unique and of value to yourself
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Step 1: Project Approval Sheet By April 19 th, you will need to submit a project approval sheet Items to include: Nature of the business Storefront Why your business is needed Name of business Competition and differentiation
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Step 2: Business Profile Due April 26 th,can be completed in project packet. Items to include: Reasons for success Market needs Individuals/Businesses that need your business Differentiation Number of employees, salaries/wages, with explanation Chart of projected sales, costs, and profits, graphs of sales
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Steps 3 and 4: Market and Marketing Strategies Due May 3 rd, can be completed in project packet Questions to answer: What is the market for your product? Who is your competition? How is your product unique? How will you advertise your business? You will need to include an example of print or media advertising.
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Steps 5 and 6: Management and Organizational Structure and Funding Due May 10 th, can be completed in project packet Items to include: How will you set up your business? How will you fund your initial start-up costs? What is your long range financial strategy What future funding do you foresee yourself needing?
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Step 7: Executive Summary Company overview Gives your reader a thought of what your company is all about Include Mission Statement Perceived need for your company
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Step 8: Paper Final Paper will be due May 16 th You will need: 1 page Executive Summary This is your business idea in one page, branding, location 4 to 5 page paper including Steps 2,3,4,5,6 Works Cited
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Step 9: PowerPoint Presentation A printed copy of your presentation is due May 24 th, you PowerPoint should include the key points you wish to make during your presentation Presentation guidelines will be given after the paper has been submitted.
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For additional help…. http://www.sba.gov/category/navigation- structure/starting-managing-business/starting- business/how-write-business-plan http://www.sba.gov/category/navigation- structure/starting-managing-business/starting- business/how-write-business-plan
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Period 9- Work Days 4/17 and 4/18Library 4/23 and 4/25Library 4/30 and 5/2Library MONDAY 5/6Library 5/9A-7 5/14Library 5/16A-7 5/21 and 5/23Library
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Period 8- Work Days 4/17 and 4/18A-7 4/23 and 4/25Library 4/30 and 5/2Library 5/7 Library 5/9A-7 5/14 and 5/16Library 5/21 Library 5/23A-7
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