A good business plan guides you through each stage of starting and managing your business.

You’ll use your business plan like a GPS for how to structure, run, and grow your new business. It’s a way to think through and detail all the key elements of how your business will run. Please review the attached business plan to organize your company’s information.

Shark Tank Example 1

Shark Tank Example 2 view the example but at this assignment only

Fill just the outline:

Student Business Plan Template – Outline

I. Introductory Elements

a. Make a Title Page

II. Description of Business and Product

 a. Please describe your business and the product you plan to sell

III. Evaluation of Market Opportunity

a. What are the Market Trends of your product? (if applicable)

(What do your customers like to buy?)

b. Who are your Customers?

c. Who is your Competition?

d. Why is your product going to be different? (Why will people buy from you?)

IV. Description of Development and Production

a. How are you going to get your product to customers?

b. Logistics (where will your product be sold?)

V. Sales and Marketing Strategy

a. Product – Why is this product needed? (list 3-5 features and benefits)
b. Price – How much will be charged and why?
c. Promotion – How will this product be marketed to the target audience? (social media/TV/radio)
d. Place – Where will product be sold? (locally/across the U.S./globally)

VI. Management and Operations Plan

a. Team Member Bios / Skills

VII. Financials (5 marks)

a. Economics of one Unit (How much does it cost us for one item?)
b. Fixed and Variable Costs (what other costs are there?)
c. Break Even Analysis (how many do we need to sell at our price to break even?)
d. Start Up Costs (How much money will we need to start our business?)

VIII. Optional Appendices (up to 5 bonus marks!)

a. Timeline for Business

b. Sample ads; product drawings; prototypes