Picture Of A Business O 2 Does example essay topic
423 words
Business plan is necessary for a successful beginning of a bussiness. And the Business Plan will not only include details of the product, but also the company's vision, its mission, marketing strategy, financial projections, and cash flow analysis. To ensure that the Business Plan reflects ideas and vision. Then the ideas are what will drive the unique business plan. Of course, a very important thing is: you can make money from your business.! 1 Each student is expected to write their One Page Business Plans in the same format, with no exception for variance.!
2 The One Page Business Plan scoring will be broken up into 6 sections.! 3 The first score will evaluate the student!'s central idea or business concept. This section will be worth a total of 50 points.! 4 Each subsequent section will attempt to measure the student!'s understanding of the concepts that were taught. Here, scoring will be broken down according to Jim Horan!'s 5 section model and will be scored according to a 1-10 (10 = highest) range.! 5 The total sum of all 6 sections, consisting of overall idea, vision, mission, objectives, strategies, and plans, will be added to equal the final score.!
6 A score of 100 points is the maximum students will be able to receive. Overall Concept o 1 Quality of business idea o 2 Creativity of concept o 3 Practicality of future start-up, i.e. believable? Vision o 1 Does it stimulate thinking, communicate passion and create a picture of a business? o 2 Does it capture the excitement of the entrepreneur? o 3 Expansive and idealistic? Mission o 1 Clarity of mission statement o 2 Memorable, short and customer oriented? o 3 Does it answer the question of will customers buy this service? o 4 Does it describe the purpose for which the business exists? Objectives o 1 Are the objectives specific in answering when and why? o 2 Do the objectives express measurable goals? o 3 Financial and marketing objectives in real terms o 4 Focused with target time frame for implementation Strategies o 5 Direction and methodology for completing goals. o 6 Easy to understand? o 7 Do the strategies relate to current business environment? Plans o 8 Do the plans describe how the business will succeed? o 9 Clearly defined o 10 Do the plans relate to an objective and / or strategy? o 11 Do the plans specify specific tasks with deadlines?
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