Lesson 13: Introduction to Business Planning

What is a business plan? Why is a business plan important for entrepreneurs? How does a business plan help with setting goals and objectives?

executive summary, company description, market research, organization and management, product or services, market and sales strategy, financial plan,

HS.CTE.1D - 1D. Communicate effectively using course content.

POG:
I am a LEARNER: Master fundamental skills in core subject areas
I am a THINKER: Critical thinking, independent thinking

Evidence-based reading and writing sections that require analyzing arguments and identifying logical flaws.
SAT Math sections that require logical reasoning and the ability to solve complex problem

Purpose: understand the key elements of a business plan.

DOK 1: Define a business plan.

DOK 2:Why would a business plan be crucial to the success of a business?

Working in a group that can solve a problem. and that successful businesses create a business plan

Some students may believe that a business plan is only for new businesses, not recognizing its importance for existing businesses as well.

Modeling, one on one instruction, Google classroom or Moodle. Online instructional tools, videos, real world application of information, textbook, online or paper assignments, Spanish version available for ELL students

Guided Notes, worksheet, group work to define the elements of a business plan

Entrepreneurship, 6th edition, online/paper edition. Online working papers (MindTap), class notes, Do Now, Exit Tickets, case studies