• 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

Chapter 35Developing a Business Plan3/16/2020WEEK

SHARE A TIME WHEN YOU UNDERESTIMATED SOMETHING YOU HAD TO DO AND IT CAUSED A LOT OF STRESS OR FAILURE FOR YOU…

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

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.

4 PARTS TO A BUSINESS PLAN

7 ELEMENTS OF DESCRIPTION & ANALYSIS

4 CHARACTERISTICS OF TRADING AREA ANALYSIS

Trading Area Analysis

Geographic DataDemographic Data

Economic DataCompetitive Analysis

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