Blog+Assignment+for+MGT+153W




 * Step I: choose Your Business:** In this section students will adequately address why they chose their particular type of business, and state clearly why it will be successful, and why you will enjoy owning and operating this type of business. Caution!! Do Not Rush through this first step.
 * Step I: choose Your Business:** In this section students will adequately address why they chose their particular type of business, and state clearly why it will be successful, and why you will enjoy owning and operating this type of business. Caution!! Do Not Rush through this first step.

The Introduction Component
Student will begin with a cover page, provide background information on the proposed company, including the general nature of the business. Include a summary statement of the financial needs, and write a statement of confidentiality.

Describe the potential benefits to the community.
Review of Business Plan Activities Write a brief statement that summarizes all the information for this part of the business plan. Finally, resolve any issues in the early components of your business plan before beginning part II. Before starting the company and industry component of the business plan, correct any weaknesses or problem areas in part I. The Company and Industry Component n this section, provide information about the background of the company, choice of legal business form, information on the products or services to be offered, and a description of potential customers, current competitors, and the business’s future. Refer to chapter 5, Choosing a Form of Business Ownership and Chapter 6, Small Business, Entrepreneurship, and Franchising. Both these chapters will help you in answering many questions in this section of the business plan

> [|www.sba.gov/test/wbc/docs/starting/glossary.html] > [|print.smallbusiness.findlaw.com/starting-business/starting-business-overview/starting-business-overview-glossary.html] > [|www.acceleratoronline.com/viewpage.asp] > [|www.business.gov/phases/launching/are_you_ready/glossary.html] > [|www.woodlot.bc.ca/swp/myw/html/21_Glossary.htm] > [|www.gov.mb.ca/agriculture/financial/farm/caf01s05.html] > [|www.mastercardbusiness.com/mcbizdocs/smallbiz/finguide/glossary.html] > [|www.learndirect-business.co.uk/campaigns/finances05/glossary/] > [|www.going-global.com/equity/finance-glossary.html] ||
 * A written document that describes a business, its objectives, strategies, market and financial forecast.
 * A document that spells out a company's expected course of action for a specified period, usually including a detailed listing and analysis of risks and uncertainties. For the small business, it should examine the proposed products, the market, the industry, the management policies, the marketing policies, production needs and financial needs. Frequently, it is used as a prospectus for potential investors and lenders.
 * A comprehensive planning document which clearly describes the business developmental objective of an existing or proposed business applying for assistance in SBA's 8(a) or lending programs. The plan outlines what and how and from where the resources needed to accomplish the objective will be obtained and utilized.
 * A plan identifying markets, customers, expenditures and finances required to carry out the identified business, based on projected revenues and costs over a specific period of time.
 * In a nutshell, the business plan should clearly explain the what, why, when, who and how of the project. It should be a comprehensive explanation of the opportunity, the people involved, the money required to implement the plan, where it will come from and what financial results the opportunity is likely to produce.
 * A detailed description of a new or existing business, including the company's product or service, marketing plan, financial statements and projections, and management principles.
 * A business plan is a document that summarises the objectives of a business. It would contain detailed plans and budgets showing how these objectives are to be realised. Please see our 'Business Planning FAQ' or 'Business Planning how-to' for further information.
 * a written document that expresses the corporate vision about the future of the company. To succeed, your vision must be global. To be credible, your business plan must rest upon the success to date of your private company.

Learning Objective: Students will learn how to write a business plan for a business they select.

They will be given two web sites to use: http://www.google.com/search?hl=en&rlz=1T4GFRD_enUS204US204&defl=en&q=define:BUSINESS+PLAN&sa=X&oi=glossary_definition&ct=title http://www.bplans.com/

Students will learn the 4 quite compelling reasons why they should study business. 1) Help Choose a Career 2) To Be a Successful Employee 3) To Start their Own Business 4) To Become a Better Informed Consumer and Investor.

Students will learn and understand why it is important to understand how to write their own business plan.

Building a Business Plan

Definitions of **BUSINESS PLAN** on the Web: A blueprint and communication tool for your business. A device to help you, the owner, set out how you intend to operate your business. A road map to tell others how you expect to get there. > [|www.sba.gov/test/wbc/docs/starting/glossary.html] A written document that describes a business, its objectives, strategies, market and financial forecast. > [|print.smallbusiness.findlaw.com/starting-business/starting-business-overview/starting-business-overview-glossary.html] A document that spells out a company's expected course of action for a specified period, usually including a detailed listing and analysis of risks and uncertainties. For the small business, it should examine the proposed products, the market, the industry, the management policies, the marketing policies, production needs and financial needs. Frequently, it is used as a prospectus for potential investors and lenders. > [|www.acceleratoronline.com/viewpage.asp] A comprehensive planning document which clearly describes the business developmental objective of an existing or proposed business applying for assistance in SBA's 8(a) or lending programs. The plan outlines what and how and from where the resources needed to accomplish the objective will be obtained and utilized. > [|www.business.gov/phases/launching/are_you_ready/glossary.html] A plan identifying markets, customers, expenditures and finances required to carry out the identified business, based on projected revenues and costs over a specific period of time. > [|www.woodlot.bc.ca/swp/myw/html/21_Glossary.htm] In a nutshell, the business plan should clearly explain the what, why, when, who and how of the project. It should be a comprehensive explanation of the opportunity, the people involved, the money required to implement the plan, where it will come from and what financial results the opportunity is likely to produce. > [|www.gov.mb.ca/agriculture/financial/farm/caf01s05.html] A detailed description of a new or existing business, including the company's product or service, marketing plan, financial statements and projections, and management principles. > [|www.mastercardbusiness.com/mcbizdocs/smallbiz/finguide/glossary.html] A business plan is a document that summarises the objectives of a business. It would contain detailed plans and budgets showing how these objectives are to be realised. Please see our 'Business Planning FAQ' or 'Business Planning how-to' for further information. > [|www.learndirect-business.co.uk/campaigns/finances05/glossary/] a written document that expresses the corporate vision about the future of the company. To succeed, your vision must be global. To be credible, your business plan must rest upon the success to date of your private company. > [|www.going-global.com/equity/finance-glossary.html]