This is the business plan template. • When you are done, be sure to delete all generic text and formulas. • Add graphics and transitions. • Make sure all questions are answered in complete sentences. • Fill in all requested information. • Do your best! • I will reference this project on almost a daily basis. Be sure to use the time I give you to work on this project effectively. • This project is a major component of your final grade.
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This is the business plan template. When you are done, be sure to delete all generic text and formulas. Add graphics and transitions. Make sure all questions.
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This is the business plan template.
• When you are done, be sure to delete all generic text and formulas.
• Add graphics and transitions.• Make sure all questions are answered in complete sentences.• Fill in all requested information.• Do your best!• I will reference this project on almost a daily basis. Be sure to
use the time I give you to work on this project effectively.• This project is a major component of your final grade.
Business Name
Entrepreneur’s Name
Date
Business Profile
• Explain your business and why you selected it chapter 1
• Write the mission statement of your business chapter 17
• Type of Business:
– [Service, Retail, Manufacturing,Wholesale] – How will you satisfy a consumer need chapter 2
Core Beliefs (ch.5)
Opportunity chapter 4
• List 3 reasons why this business is a good opportunity
Qualifications
• List at least 2 reasons why you qualified to manage this business
Legal Structure chapter 25
• [Is your business structure a Sole Trader, Partnership, Private Company, Public Company]
• [Why did you choose your legal structure?]
My Accounting System Plan (ch. 12)
Cost of Materials/Direct Labor chapter 2
Cost of Sales Per Unit
Direct Labor(Labor Cost per Hour) (A)
Time (in hours) to make 1 unit (B) Direct Labor Cost Per Unit (A)*(B)
$ $
Total Direct Labor Per Unit $
Material Description Cost/Total Quantity Cost Per Unit ($)
Total Material Cost Per Unit $
Variable Costs Per Unit (shipping, commission, packaging) $
Cost of Sales Per Unit (labor +material+vc) $
Economics of 1 Unit chapter 9
Definition of One Unit
Selling Price per Unit $ (A)
Direct Labor Per Unit (if applicable) $ (B)
Materials Per Unit(if applicable) $ (C)
Total COGS Per Unit (B+C) $ (D)
Variable Costs Per Unit
(outgoing shipping, packaging, commissions)
$ (E)
Total Cost of Sales (D+E) $ (F)
Gross Profit Per Unit (A-F) $
Type of Operating Cost Monthly Cost
Entrepreneur’s Salary $
[enter fixed cost] $
[enter fixed cost] $
[enter fixed cost] $
[enter fixed cost] $
TOTAL fixed costs $
Unforeseeon/Other Costs $
TOTAL Operating Costs $
Optional
Average Monthly Operating Costs chapter 9
Month Units Sold
January
February
March
April
May
June
July
August
September
October
November
December
[consider which month you will start your business]
Total=
0
10
20
30
40
50
60
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Units sold
Monthly Sales Projections chapter 13
Sales Assumptions:• Seasonality• Purchasing Behavior• Time Constraints of Entrepreneur
(Double click on chart to add information)
Selling Price Per Unit $
# of Units Sold $
Total Sales $
Less Variable Costs
Total COGS $
Variable Costs $
Total Cost of Sales (Total Variable Costs) $
Gross Profit $
Less Fixed Costs
USAIIRD $
Other Costs/Unforeseen $
Total Operating Costs $
Pre-Tax Profit $
Less Estimated Taxes @20% $
Net Profit $
Projected Yearly Income Statement chapter 13
Entrepreneurial hours needed for start-up (A)
Wage you pay yourself (B)
Total start-up time investment (A*B)
$ $
Item Where I will buy this? Cost of Item
$
$
$
$
CASH RESERVE totaling 3 months of fixed costs $
Estimated TOTAL START-UP INVESTMENT $
Start-Up Investment chapter 14
Source Amount Debt or Equity?
Personal Savings [How will you save?] $
Relatives/Friends $
Investor [Who is it?] $
Grant [From whom?] $
Total: $
Financing Strategy chapter 14
(for start-up investment)
Return on Sales (ROS)chapter 3
Net Profit ÷ Total Sales X 100%
For every $1 dollar of sales,
my business earned :$
Return on Sales chapter 13
Return on Investment chapter 14
Return on Investment (ROI)chapter 3
Net Profit ÷ Start-up Investment X 100%
For every $1 dollar invested,
my business earned : $
Monthly Break-Even Units chapter 20
Monthly Fixed Costs ÷ Gross Profit Per Unit
Years for my start-up investment to double in value* (Start-up Investment ÷ Net Profit) X 2
Breakeven chapter 20
Start-Up Investment Double chapter 14
Competitive Advantage• [List 2 reasons why customers will purchase your product or service over your competitor’s.] chapter 8
•
Competition chapter 8
Competitor Price Quality Compared to my business (better, worse) why?
$
$
$
• [By location]: Where does your consumer live?• [By personality]: what are the concerns, desires, etc?• [By behavior]: how does the consumer purchase (impulse,
cautious, price sensitive, etc.)• [By population]: what is the size of the market?
Market Analysis chapter 18
Total Population (by age and gender)
% Breakdown (income)
% Breakdown (potential market size)
Consumer Profile Magazine Game
• With your target market in mind, create a personality for your target consumer– Name– Description of personality– Age, Gender, Income, Disposable Income– Values– Education Background– What does consumer do in free time?– What music does he/she listen to?– What brands does he/she like to buy?– What motivates, bothers, and entertains him/her?
Marketing Mix chapter 10 &18
• Price: – [Should be an explanation of why you chose your
price]• Place:
– [Should be an explanation of why you chose this place] • Product:
– Explain the benefits and features of product• Promotion:
– Explain the strategy to promotions you will use
Marketing Plan chapter 10&18
Awareness How will you generate awareness? Cost
Purchase How will you motivate consumer purchase?
Cost
Relationship How will you build a relationship with customer and get them to return?
Cost
• [Describe how your business will give back to the community or support a cause that you believe in.]
• [Explain how you will incorporate philanthropy into your marketing plan.]
My Philanthropy Plan chapter 10 & 38
My Resume
Business & Education Goals
Business• Short-term goal
• Long-term goal
– Growth strategy?
– Exit strategy?
Education• Short-term goal
• Long-term goal
Business schedule for a typical week• Entrepreneurship Hours: [enter hours]
• School Hours: [enter hours]
• Work Hours: [enter hours]
• Free-Time Hours: [enter hours]
Time Management Slide
Management Plan
• Recruiting
• Benefits You are Going to Offer to Your Employees
• Evaluation Plan
My Organization Chart
[Enter your mission statement (or slogan if applicable)]