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The business plan tells the story of what you want your business to be. It explains what you do, how you'll do it, and what goals you want to obtain. It will help you focus while you trying to create your dream business.
The business plan has many sections, including an executive summary, company description, market analysis, organization, services, marketing, funding, financial projections, and other things that better describe your business.
So why do you need one?
So why do you need one?
This video explains why it's important to go to the trouble of writing a business plan.
If you were to open a real salon, you would want a fairly complete business plan.
We will be writing a shorter one for this project.
We will be using what is known as a lean startup business plan. This version describes your company in a more simplified way, so you can focus on your specific message. It uses less information.
🌟Steps to be completed:
You will use this template to create a lean business plan for your business.
📂Submit to your group's STUDENT WORK FOLDER (part 5)
You will be graded using this 📋RUBRIC.
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Here is a sample business plan from the U.S. Small Business Administration: Wooden Grain Toys Lean Business Plan
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