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LET’S PRACTICE
Name: _____________________________________________________________________________
Business Plan Perfection A business model is a description of a business’ money-making concept and general strategies. A business plan provides important details, such as revenue targets, time lines, marketing, and the specific strategies and action steps the business will take to put the business model into action. It is an essential roadmap for the success of a business because it guides growth and ensures that management is “on the same page” with regard to important aspects of the business. Your job: Research business plan templates . Observe how budding entrepreneurs write their business plans. Write a simple business plan for a business you would like to own some day. Follow the directions below or explore business plan templates online to find a template you like.
PRODUCT PREVIEW
Company Name: _____________________________________________________________________
Tell about your management team’s education and experience. How are you qualified to make your business a success?
Executive Bios _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ Description of Your Company _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ Marketing Objectives _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________ _____________________________________________________
What does your company do? How is it different from other companies offering the same or similar products or services?
Who are your competitors, and how is your product, service or operation better than theirs’?
THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY 233
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