What Type of Business Could YOU Run?

What Type of Business Could YOU Operate?

Lots of kids just like you are making real money with their own businesses! You will see their ideas and read their success stories during this two period assignment. Could YOU own a business too?

Your assignment is to provide an answer this question in the next two periods of Business Education. You will have ample time to search the internet for ideas and opportunities. You will need to have a really good idea of what you could do for a business in order to move to the next assignments in this course. You don’t have to actually run the business that you propose, but you will spend some time thinking about the steps that would be needed, so make sure you are interested in what you are researching. Check with Mr. L when you have some ideas.

Preview the following Websites for ideas. Pay attention to links and see where you end up.
http://www.moneyinstructor.com/art/childbusiness.asp
http://www.moneyinstructor.com/art/waysforkids.asp
http://www.showkidsthemoney.com/
http://books.google.ca/books?hl=en&id=qsoY-G05QNYC&dq=kids+in+business&printsec=frontcover&source=web&ots=6yIhs5jEEd&sig=LtOYfy0k69g3MU3CQehF1HshcN8&sa=X&oi=book_result&resnum=1&ct=result
http://www.showkidsthemoney.com/why_your_kids_should_start_a_business.html

You MUST definitely check out this site and the links at the bottom half of the site page:

http://www.internetbasedkids.com

You will need to write complete answers to the following on a word-processed page. Title the page, What Type of Business I Could Run Right Now, put your name and the date at the top and hand it in to Mr. L by the end of the second period spent on this assignment. You can work on this at home too if you like.

1. Explain in detail what type of business are you interested in.
2. Fully explain in detail why you are interested in this type of business.
3. Explain how you would become successful in this business; what steps do you need to take?
4. What do you think you would call your business, and why?

Business Plan -- Starting a Business

Business Plan
Starting a Business

This is not a comprehensive business plan like the type you would take to a bank for a loan, but it covers many of the important basic considerations.
1. Using ‘Word’ write a partial business plan using all of the headings listed below.
2. Include your full name, date, and use each heading listed below.
3. Research information as needed.


Business Plan
Include information under the following headings:
I. The Company
a. Ownership – who? What type?
b. Products & Services – what are they?
c. Company Location – where? Why?

II. Industry Analysis
a. Why this is a good industry to go into?

III. The Target Market
a. Target Market – who? Why?
b. Competitive Environment – is it?
c. Company Strengths – what are your competitive strengths?

IV. The Competition
a. Direct Competitors – who? Why?

V. Marketing Outline & Sales Strategy
a. Company Image/Message – what is it?
b. Marketing – what will you use? How? Why?
c. Facilities – what do you need? Where?
d. Production – how? Who?
e. Customer Services – how will you serve your customer?

VI. Technology Outline
a. Internet – do you need it? Website? Why?
b. Hardware Needs – tools of the business; what are they?
c. Telecommunication Needs – yes or no? Why?

VII. Management & Organization
a. Management Team – who? Why?

VIII. Milestones
a. Goals – What are they in 1 year and then in 5 years?
b. Strategies – how will you go about achieving your goals, step by step?
c. Risk Evaluation – is this risk? Why or why not?

IX. Financial Data & ProjectionsCapital Requirements – will capital be required to start? How much? Where will you get it?

Business Plan
Go to this link for the business plan assignment. .... HAVE FUN!

http://mrlswebspace.blogspot.com/2009/05/business-plan.html