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1.4   developing business plans (part 2)
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1.4 developing business plans (part 2)

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  • 1. Do NowWhat do you remember from ‘Developing Business Plans’ …. Test what you’ve learned!
  • 2. Developing Business Plans (Part 2) Module 1 – Growing a Business Idea
  • 3. Learning ObjectivesBy the end of this lesson you should be able to:1. Recognise and discuss problems for small business planning.2. Apply understanding of business plans and create based on business scenario.3. Discuss business plan with the rest of the group.
  • 4. Problems for small businesses The entrepreneur may not feel that they have enough of this to devote to putting together a business plan. TIMELO1) Recognise and discuss problems for small business planning.
  • 5. Problems for small businesses Although not obvious when creating a business plan, time could incur this. Advice and guidance could also use this resource. MONEYLO1) Recognise and discuss problems for small business planning.
  • 6. Problems for small businesses The entrepreneur may lack enough of this to initially be able to construct a business plan. EXPERTISELO1) Recognise and discuss problems for small business planning.
  • 7. Problems for small businesses Some people may feel that the time spent on a business plan is wasted when it could be spent actually trading. OPPORTUNITY COSTLO1) Recognise and discuss problems for small business planning.
  • 8. Your challenge is to create a business plan for a given organisation. You are looking for an investment of Don’t forget to include £100,000. the sections: • Executive Summary You can present your business plan • Business Description using any format – so be creative!. • Product or service • Market Analysis Remember – you will need to pitch • Strategy and your plan to the potential investor. Implementation • Management TeamLO2) Apply understanding of business plans and create based on business scenario. • Financial Plan
  • 9. Would you invest £100,000? You now need to observe each pitch and give it a score out of 90 using the set criteria. Would you be willing to invest £100,000?LO3) Discuss business plan with the rest of the group.
  • 10. Real businesses in action!Go to your email andopen the Barclaysworksheet.Use the case study toanswer the questions.
  • 11. Finally…..Create a question basedon todays lesson.Email it to your teacher.
  • 12. Re-cap Learning ObjectivesYou should now be able to:1. Recognise and discuss problems for small business planning.2. Apply understanding of business plans and create based on business scenario.3. Present business plan with the rest of the group.

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