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2. produce and market your own product?
3. provide a service?
4. put your talents and skills to work?
What business did you decide on?
Now draw up your own business plan for your business in rough .
You must remember to focus on the four business basics:
| Business Plan |
| 1. What do I intend doing? |
| 2. How do I intend doing it? |
| 3. When do I intend doing it? |
| 4. Why is my scheme sure to succeed? |
You now need to compile a final business plan , using the rough draft as a guide.
Why a business plan is vital
If you need to borrow money to get started, you will be asked to present your business plan.
It will also keep you focused on your goals.
Business success needs a combination of imagination and initiative, hard work and discipline. Reveal these features in your business plan.
Take note before you start:
This assignment will be assessed by your educator.
The task consists of FOUR sections with a separate CHECKLIST for each.
Do each section on a separate page.
Bind the pages in a file, folder or plastic sleeve before handing the project in.
Your rough work must also be handed in.
Design a professional-looking FRONT PAGE
Name of business
Personal information of the entrepreneur (name, address and telephone number)
Logo (emblem/slogan)
Date presented
List of contents: headings and pages must be numbered.
Front Page
| CHECKLIST | Self | Educator |
| The name of the business is catchy, but meaningful. | ||
| The personal information has been given. | ||
| The logo is eye-catching and appropriate. | ||
| The headings and pages are numbered. | ||
| The appearance is professional and neat. | ||
| Spelling has been checked | ||
| Punctuation has been checked |
Summarise the important FEATURES of your venture.
Describe your product or service. (± 10 words)
Explain why your venture will be successful. (± 3 short sentences)
State your short-term goal. (± 10 words)
State your long-term goal. (± 10 words)
Final business plan
Marketing plan: Advertising your business
Design an attractive FLYER or POSTER
| CHECKLIST | Self | Educator |
| It is easy-to-read | ||
| It is eye-catching | ||
| It communicates the message | ||
| Illustrations are meaningful | ||
| Layout is well-planned |
[LO 4.5.1, 4.6.2, 4.6.3]
Financial Plan
Where are you going to get money to start? (± 10 words)
How will you spend this money?
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Percentage needed by this item |
B Draw a pie-chart showing how you are going to divide the money in order to run your business profitably.
[LO 4.1.1]
| CHECKLIST | Self | Educator |
| Source of funds given. | ||
| List of items given | ||
| Chart explains use of funds |
| LO 3 |
| Reading and ViewingThe learner will be able to read and view for information and enjoyment, and respond critically to the aesthetic, cultural and emotional values in texts |
| We know this when the learner: |
3.8 shows some understanding of how reference books work:
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| LO 4 |
| WritingThe learner will be able to write different kinds of factual and imaginative texts for a wide range of purposes |
| We know this when the learner: |
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ACTIVITY 1:
This is all about an entrepreneur. Have a class discussion about finances in a country and how being an entrepreneur can help a family. See how many novel ideas they can come up with e.g. making rosettes for horse and swimming galas; transforming a yard and garage into a place for holding birthday parties.
ACTIVITY 2:
Go through each item carefully and then see how many novel ideas the class can put together. Let them share their ideas with the class. A prize for the most innovative and resourceful? (Here is a good time to study words like ‘resourceful’, ‘innovative’, ‘responsible’, re-cycling’ etc – entrepreneurial words).
ACTIVITY 3:
Go through the fur business basics and see how accurately they answer. Check for spelling and language errors. Explain that if a space is small, that errors stand out more!
ACTIVITY 4:
Now let them do the next ACTIVITY really well as a project. Give them reasonable time but explain that this is the ROUGH DRAFT which also needs to be handed in to see how involved they were and how much preparation went into the project.
ACTIVITY 5:
The final copy of the front page must show signs of editing and thoroughness. Put the best ideas on the board and discuss them as a class. Make sue they have done all that was asked of them. Explain the value of following instructions clearly and well.
FEATURES OF VENTURE : The summary must be just that – a brief, clear, correct synopsis.
MARKETING PLAN : These can be placed in the classroom for peer judgement. The really good should be framed (laminated or glass-framed)! Go over the evaluation chart with them first before they start.
FINANCIAL PLAN : Look at all the possibilities of ways to raise money as a class. Make a list. Explain about the different graphs to use to explain information.
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