Creating a Comprehensive Business Plan
In this lesson, students will learn how to create a business plan for their idea. They will have four ways to enter business to choose from and we will go over the purpose and essentials of a business
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About Creating a Comprehensive Business Plan
PowerPoint presentation about 'Creating a Comprehensive Business Plan'. This presentation describes the topic on In this lesson, students will learn how to create a business plan for their idea. They will have four ways to enter business to choose from and we will go over the purpose and essentials of a business. The key topics included in this slideshow are . Download this presentation absolutely free.
Presentation Transcript
Slide1The Business PlanJanuary 2012
Slide2Objective The student will be able to create a business plan for an idea. List four ways to enter business Describe the purpose of a business plan List the elements of a business plan Practice : Notetaking on Business Plan
Slide3WHY WRITE A BUSINESS PLAN?Whether you are starting up a business on your own, purchasing an existing business or taking over the family business. Any prospective entrepreneur needs a guide to follow.
Slide4Ways to buy a business Buy a franchise Buy an existing business Take over the family business Buy an existing non-franchise
Slide5Parts of a business plan Summary Company description Product and Services plan Marketing plan Legal Plan Management Plan Operating Plan Financial Plan
Slide6Company DescriptionExplains the types of company and gives its history if it already exists. Tells whether it is a manufacturing, retail or service, or other type of business.
Slide7Summary A brief one- three page overview of the total business plan.
Slide8Products and Service PlanDescribes the product and or service; points out any unique features. Explains why people will buy the product or service.
Slide9Marketing PlanShows who the potential customers are and what kind of competition the business will face. Outlines the marketing strategy and specifies what makes the company unique.
Slide10Legal PlanShows the proposed type of legal organization the ownership will take. Points out any legal concerns.
Slide11Management PlanIdentifies the key people who will direct and manage the company. Cites their experience and special skills.
Slide12Operating PlaneExplains the type of manufacturing or operating system the business will use. Describes the facilities, personnel, materials, and processing requirements.
Slide13Financial PlanSpecifies the financial needs and proposed sources of financing. Presents projections of revenues, costs and profits
Slide14Quick check1. Name four ways to in which you could enter business. 2. Define franchise, franchisor, franchisee 3. What is a business plan? 4. What part does a business plan play in financing the business? 5. Describe three basic parts of a business plan. 6. Which part of the plan do you think is important?
