1. Owning and Operating a Business The Business Plan

2. Initial Steps Before starting a business: See if there is a demand Market research Develop a business plan Written description All aspects What, who, why?? Focus!! Used by potential investors

3. Venture Checklist What? Who? Why? Cost? Employees? Physical facilities? Legal documents? Money?

4. Parts of a Business Plan Well organized Easy to read Logical 16 essential parts

5. Executive Summary Brief account of key points No more than 2 pages Most important info Compelling story Persuasive Foundational

6. Management Team Plan and Company Description Presents qualifications Execute business concept Gaps Provides outline Size, scope, type Success

7. Product and Service Plan Description Nature of business Unique features Growth potential

8. Vision and Mission Statements Guiding principles Vision – Establishes scope and purpose of a company Reflects values and beliefs Mission – Specific aspirations of a company Major goals

9. Bishop Kearney High School Vision Statement: Bishop Kearney High School is a vibrant community dedicated to providing an environment in which high academic expectations, spirituality, and a strong sense of Catholic community enhance the education of the whole person. Mission Statement: The mission of Bishop Kearney High School is to empower young men and women to reach their full potential - academically, spiritually, and socially - by providing a college preparatory, values-based Catholic education in a student-centered family atmosphere, in keeping with the tradition of the Christian Brothers and the School Sisters of Notre Dame. Go to the Internet -find one company that you do business with and look up their mission and/or vision statement; what do these statements tell you about the company

10. Industry Overview and Market Analysis Presents research Trends and growth Customer profile Marketing and sales strategy Geographic, economic, demographic data

11. Competitive Analysis and Marketing Plan Advantages Gather information Web sites Customer interviews Trade shows Articles Customer awareness Pricing Image Budget Tactics

12. Operational Plan and Organizational Plan Business processes Production and delivery People Management philosophy Go to web and look up definition of philosophy Form of business

13. Financial Plan and Growth Plan Forecasts Statements Provides proof Expansion Plans To grow and deal with growth