*Required: Create own business plan. The picture below is the guide.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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*Required: Create own business plan. The picture below is the guide.
Transcribed Image Text:My Business Plan
BUSINESS IDEA:
What is your big ideo?
Is it a product or a service?
What makes your idea different?
How will your products/services stand out from the competition?
Why will people want to buy?
BUSINESS NAME:
What does this name say about your business? Is it unique? Memorable? Easy to pronounce?
TARGET MARKET & DEMOGRAPHICS:
Who will your customers be?
Other Kids? Teenagers? Men? Women?
Where do they live? What is your target market passionate about?
MARKETING:
How will you get the word out about your business?
Online? Posters? Through the Newspaper? By Email?
Where will you sell your products or services?
PRICING:
How much will you charge?
What are your competitors charging?
PROFIT:
How much will you make on each sale after you subtract your expenses? Profit - Income - Expenses
Sale price of item:
Cost of item:
Profit:
What will you do with the money you make? Reinvest in the business? Save for college? Donate?
HomeSweetRoad.com
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