What should be on your Business Plan?

• Title slide--Business Name and Owners
• Slogan and Logo--how did you decide on these?  What do they represent? Show images
• Overview of the Business--How did you come up with the idea?  Was there a change of plan?
• Business Concept:  Goals and Objectives.  Be specific. Was your goal to make $25 net profit?  Was it to donate $50 to a specific good cause?
• Who was your Target Market?
• Market Research-- how did it impact decisions? (1 form for 5/6 grades, 2 forms for 7/8)
• Advertisement:  Show picture of advertisement.  Did you do a lunchtime announcement?  Where did you advertise? 
• Start-up Costs? What were they?  Where did you get the money?  Show exact amounts based on receipts or calculations
• Gross Profit and Net Profit.  Be specific.  What were your best sellers?
• Cost of Goods per unit (show the math)
• 7/8 ONLY:  Profit Margin (show the math)
• 7/8 ONLY:  How much would you pay in sales tax, if you were a real business? (Gross Profit x .075)
• Contract/ Division of Labor
• SWOT Analysis of your business (strengths, weaknesses, opportunities, threats)
• Where will you donate and why?
• What You Learned and would do differently
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Extra Notes:

PRACTICE SPEAKING AHEAD OF TIME.  DIVIDE THE SLIDES AMONG BUSINESS OWNERS.  WINNERS HAVE ALWAYS BEEN GOOD PRESENTERS.

• Your presentation will last five minutes.  Practice ahead of time, or you may be cut off.
• I don't care how many slides you use, but you need all this information in there.
• You will be speaking through the presentation.  You can use "key words" on your slides instead of typing up paragraphs.  This makes it easier for the viewer.

Don't Forget These Things for Your Business!

• 1.  Advertisments should be up one week in advance to get full credit.  For an event (like sports or a fun party), advertisements should be up two weeks in advance.  This is for your own benefit, so you have more customers.  Check the blog for what should be on the advertisement.
  
  
  2.  Double-check the blog calendar to make sure your business is listed.  Also, make sure your products are listed under the description.  If it is not, I need to know ASAP!  
  
  
  3. Bring change for customers.  I recommend at least $20.  You will make it easier on yourself if you charge by $1 or $0.50  increments.  But the pricing is totally up to you. 
  
  
  4.  Do you need cups? Napkins? Utensils?  Prepare for that ahead of time.  
  
  
  5.  REMEMBER:  You will pay back any expenses.  If parents loaned you start-up money, you must pay them back.  Once you have your net profit, you will donate at least 10 percent.  Then divide the remaining net profit among business owners. 
  
  
  6.  If you need help, hire some friends!  Just make sure you negotiate a payment.  
  
  
  7.  Be sure to have a parent (or another adult) at the sale, to help organization and supervision.

  
  

  8.  Have a price list of your products displayed clearly, so customers see before getting to the table. 

  
  

  9.  You need to seek permission AHEAD OF TIME to get out of class early, to set up your tables.  If you are selling at lunch or after school, you need to ASK NOW if the teacher will let you out to set up on your sale date.  If they say NO, then you have to figure out another plan. 

CHECK AHEAD OF TIME ABOUT LEAVING CLASS EARLY.  TEACHERS DON'T NEED TO LET YOU OUT EARLY. 

STAY PROFESSIONAL!  NO YELLING AT CUSTOMERS OR RUNNING AROUND.  Thank your customers for their business.