Business Plan Information

Step One: EVALUATING YOUR POTENTIAL AS AN ENTREPRENEUR

• 1. Who are you?

  2. Your connection to the idea.

Step Two: YOUR PLAN OF ACTION

• 1. What is your idea?

  2. Why would customers desire (and purchase) what your business provides?

  3. Are there other comparable ideas out there?

Step Three: FINDING YOUR PLACE IN THE MARKETPLACE (Target Market)

• 1. My Target Market is:

  2. My target market is typically influenced by:

Step Four: SUPPORT FOR YOUR BUSINESS

• 1. What other businesses exist that you could partner with? Why?

  2. What mentor/mentee relationship would you like to imitate? What is it about that specific relationship that you want to imitate?

  3. Who is a mentor that is (or could be) guiding you in your business strategies?

Step Five: ADVERTISING YOUR BUSINESS

(Not a written paragraph) Create an advertisement that is appropriate for your target market.

Step Six: LOCATION

    1.  My business will be located at ____ because …     (include at least 3 solid reasons why)

    2.  My main advertisement will be located at ____ because … (include at least 3 solid reasons why)

Step Seven: RESOURCE

        Include your table (7c) of resources and costs

Step Eight: COSTS

        1. Using step 7, complete the following statements to write your paragraph:

            A. I am in need of $___ to cover my capital resource costs

            B. My Capital resources include ______, ______.

            C. My cost of production is $_____.

            D. This includes items like ______, _____ & ______.

Step Nine: PRICE

        1. Using Steps 7 & 8, calculate and complete the following:

            A. At this price of $___, 

            B. I expect to make a profit of [Price minus CoP] per good/service. 

            C. I expect my monthly revenue to be around [Price from 'A' multiplied by how many you think you will sell in one month].

            D. Based on these estimates, I should see my first profits in month ___.            

Step Ten: FUNDRAISING

        1. Convince other entrepreneurs to help you get started. Describe what they will receive in return for their investment in you and your idea.