Lesson 14: What is a business plan

What is a business plan, and what are its key components?
How does a business plan contribute to the overall success of a startup?
Why is market analysis a crucial part of a business plan?
In what ways can a business plan help an entrepreneur secure funding?

business plan, executive summary, business objectives, business environment, products/services, present market, competition, marketing plan, management plan, 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: Students will analyze a company's business plan to identify and evaluate its key components, assess its strengths and weaknesses, and understand how it contributes to the company's strategy and success

DOK 1
Review each section of business plan and write down key points and key components for each of the business plan sections
Define a business plan



DOK 2:
Students will match the correct section of the business plan to the description
Explain why a business plan is important

DOK 3:
What section of the business plan did you find most interesting.
What makes a good business plan

DOK 4:
If you were an investor, would you invest in the business? Why or Why not?

In the world of business, business plans are used on a daily basis

Even if you have a business plan, it does not guarantee success of the business or that a business will be invested in with start up money

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, Business Plan evaluation assignment

Entrepreneurship, 6th edition, online/paper edition. Online working papers (MindTap), class notes, Do Now, Exit Tickets, Business Plan Analysis assignment