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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?

Activity 5:

The final business plan

[lo 4.1.1, 4.6.2]

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?

  1. List the items on which you need to spend money to run your business.
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

Assessment

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:
  • uses contents page and index to find information;
3.8.2 uses a dictionary and a simple thesaurus.
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:
  • writes to communicate information:
4.1.1 writes a short explanation of how or why something happens (e.g. how an electric circuit works);
  • writes one or two paragraphs about the advantages and disadvantages of something (e.g. cars as a from of transport);
  • uses information from a survey to write a report (including heading, introduction, how the research was carried out, the results, and recommendations);
  • designs media texts:
4.5.1 designs a simple advertisement or pamphlet;
  • treats writing as a process.
4.6.1 drafts, reads and discusses own writing critically;
  • uses feedback to revise, edit and rewrite;
  • uses knowledge of grammar, spelling, etc., to edit.

Memorandum

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.

Questions & Answers

what is mutation
Janga Reply
what is a cell
Sifune Reply
how is urine form
Sifune
what is antagonism?
mahase Reply
classification of plants, gymnosperm features.
Linsy Reply
what is the features of gymnosperm
Linsy
how many types of solid did we have
Samuel Reply
what is an ionic bond
Samuel
What is Atoms
Daprince Reply
what is fallopian tube
Merolyn
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Merolyn
what's bulbourethral gland
Eduek Reply
urine is formed in the nephron of the renal medulla in the kidney. It starts from filtration, then selective reabsorption and finally secretion
onuoha Reply
State the evolution relation and relevance between endoplasmic reticulum and cytoskeleton as it relates to cell.
Jeremiah
what is heart
Konadu Reply
how is urine formed in human
Konadu
how is urine formed in human
Rahma
what is the diference between a cavity and a canal
Pelagie Reply
what is the causative agent of malaria
Diamond
malaria is caused by an insect called mosquito.
Naomi
Malaria is cause by female anopheles mosquito
Isaac
Malaria is caused by plasmodium Female anopheles mosquitoe is d carrier
Olalekan
a canal is more needed in a root but a cavity is a bad effect
Commander
what are pathogens
Don Reply
In biology, a pathogen (Greek: πάθος pathos "suffering", "passion" and -γενής -genēs "producer of") in the oldest and broadest sense, is anything that can produce disease. A pathogen may also be referred to as an infectious agent, or simply a germ. The term pathogen came into use in the 1880s.[1][2
Zainab
A virus
Commander
Definition of respiration
Muhsin Reply
respiration is the process in which we breath in oxygen and breath out carbon dioxide
Achor
how are lungs work
Commander
where does digestion begins
Achiri Reply
in the mouth
EZEKIEL
what are the functions of follicle stimulating harmones?
Rashima Reply
stimulates the follicle to release the mature ovum into the oviduct
Davonte
what are the functions of Endocrine and pituitary gland
Chinaza
endocrine secrete hormone and regulate body process
Achor
while pituitary gland is an example of endocrine system and it's found in the Brain
Achor
what's biology?
Egbodo Reply
Biology is the study of living organisms, divided into many specialized field that cover their morphology, physiology,anatomy, behaviour,origin and distribution.
Lisah
biology is the study of life.
Alfreda
Biology is the study of how living organisms live and survive in a specific environment
Sifune
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Source:  OpenStax, English first additional language grade 8. OpenStax CNX. Sep 11, 2009 Download for free at http://cnx.org/content/col11042/1.1
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