How to Create an Effective Business Plan UNT in partnership with TEA, Copyright © All rights reserved.

Slides:



Advertisements
Similar presentations
Identify sources of business start-up information
Advertisements

Market and industry analysis
Develop a Business Plan
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Developing a business plan
BUSINESS PLAN How do you make a business Plan?
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Developing a Business Plan
The Business Plan A business plan is a document that sets out the basic idea underlying a business and describes related startup considerations. It should:
Identify sources of business start-up information
Starting a Business CCCBI – 1600 Paoli Pike, Malvern, PA – (P)
Feasibility and Business Planning Vocabulary Business Concept Vision Statement Feature Mission Statement Benefit Distribution Channel Feasibility Analysis.
The Business Plan A business plan is a document that sets out the basic idea underlying a business and describes related startup considerations. It should:
Lesson 3.3 How to Create an Effective Business Plan
Business Administration & Management
Sources of Assistance Available to Entrepreneurs (The logos used in this PowerPoint were copied directly from corporate websites. They have not been altered.
Developing a Business Plan Cameron Stevenson. Business plan’s can help with many things in a business ranging from financial progress to how to manage.
The Business Plan We are starting a new business. We discussed three steps for starting that business. What was the first step? DEVELOPING A BUSINESS CONCEPT.
Developing A Business Plan. Creating the Business Plan Make a Research Plan and Gather Data Set up a notebook to organize your data Write a draft.
Feasibility and Business Planning
Bill Ritter – SCORE District Director Upstate NY Districts
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
1.03 Identify sources of business start-up information.
1.03 Identify sources of business start-up information.
B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Describe sources of assistance available to entrepreneurs. (The.
SOURCES OF BUSINESS START-UP INFORMATION obtaining start-up information Obtaining start-up information will help develop a road map/blueprint for.
1.03 Identify sources of business start-up information.
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Guam Branch Office -- Small Business is Our Business -- August 27, 2013 GET THE EDGE.
Entrepreneurship: Ideas in Action © Cengage Learning/South-Western ChapterChapter Develop a Business Plan 3.1 Why a Business Plan is Important 3.2 What.
1 The Second Step of Starting a Business: Writing a Business Plan 119 Technology Center University Park, PA
©2001 Kauffman Center for Entrepreneurial LeadershipPLANNING AND GROWING A BUSINESS VENTURE™ ™ Art of Market Research 17.1 © 2004 Ewing Marion Kauffman.
©2001 Kauffman Center for Entrepreneurial LeadershipPLANNING AND GROWING A BUSINESS VENTURE™ ™ Art of Market Research 17.1 © 2004 Ewing Marion Kauffman.
Entrepreneurship Mr. Bernstein Elements of a Sound Business Plan, pp October 2015.
Develop a Business Plan Chapter #5. Why do you need a Business Plan Business Plan –Written document that describes all the steps necessary in opening.
DEVELOPING A BUSINESS PLAN Chapter 2. Lesson 2.1 Why a business plan is important.
Develop a Business Plan
City Government ( Obtaining Permits) UNT in partnership with TEA. Copyright ©. All rights reserved. 1.
Business Technology Mr. Bernstein DECA, pp 30-35: Elements of a Business Plan October 16, 2013.
1.03 Identify sources of business start-up information.
Chapter 5: Develop a Business Plan. Turning An Idea Into A Business page 105 Read the article on page 105 Answer questions under “What do You Know?” on.
B. OVERVIEW OF SMALL BUSINESS 1.03 Acquire information to guide business decision-making 1.03 What is the value of obtaining business start-up information.
DEVELOPING A BUSINESS PLAN. Now that you know the details of your business, you need to put everything on paper. Writing these details will help you visualize.
How to Create an Effective Business Plan Entrepreneurship Unit 3, Lesson 2 Copyright © Texas Education Agency, All Rights Reserved 1.
1 An Overview of SBA Programs Herbert Austin District Director U.S. Small Business Administration Dallas/Fort Worth District Office 4300 Amon Carter Blvd.
Identify Your Market Entrepreneurship Unit 4, Lesson 2 Copyright © Texas Education Agency, All Rights Reserved 1.
Copyright ©2014 John Wiley & Sons, Inc. All rights reserved. O PERATING P LANS AND R ESOURCES Chapter Three.
Developing a Business Plan Why a Business Plan is Important What Goes into a Business Plan? How to Create an Effective Business Plan.
How to Create an Effective Business Plan
How To Develop and Customize a Business Plan
B. OVERVIEW OF SMALL BUSINESS
Objective 4.04 Understand Marketplace Experience
SD CEO South Dakota Center for Enterprise Opportunity.
Unit 3.1: Understanding the Usefulness of a Business Plan
Create an Effective Business Plan
B. OVERVIEW OF SMALL BUSINESS
Identify sources of business start-up information
Identify sources of business start-up information
Identify sources of business start-up information
Elements of a Sound Business Plan,
Federal Government Contracting
B. OVERVIEW OF SMALL BUSINESS
Introduction to Entrepreneurship
B. OVERVIEW OF SMALL BUSINESS
The Small Business Administration
OVERVIEW OF SMALL BUSINESS
Small Business Administration Entrepreneurship Track Boot to Business (B2B) ELEMENT 33 PG. 169.
Unit 3.1: Understanding the Usefulness of a Business Plan
Unit 3.1: Understanding the Usefulness of a Business Plan
Discover what it takes by charting your course with…
Presentation transcript:

How to Create an Effective Business Plan UNT in partnership with TEA, Copyright © All rights reserved.

Research the Business Plan Community, Government, and Professional Resources –Small Business Administration (SBA) –Small Business Development Centers (SBDC) –Service Corps of Retired Executives (SCORE) UNT in partnership with TEA, Copyright © All rights reserved 2

Community, Government, and Professional Resources Chamber of Commerce Trade Associations Professional Consultants Financial Institutions UNT in partnership with TEA, Copyright © All rights reserved 2

Print Resources Books Magazines Government Documents SBA Publications UNT in partnership with TEA, Copyright © All rights reserved 4

Online Resources Websites –SBA –SBDC –SCORE UNT in partnership with TEA, Copyright © All rights reserved 5

Mistakes in Business Planning Unrealistic Financial Projections An Undefined Target Market Poor Research Ignored Competition Inconsistencies in the Business Plan UNT in partnership with TEA, Copyright © All rights reserved 6