Don’t fail to plan, or
else you will have planned to fail!
You are about to become an entrepreneur! You have chosen
your line of business and it is time to develop your Business Plan.
You have just won the lottery worth 1.5 million dollars and want to
invest in a business that will be successful and will profit in the long run.
You need to develop a plan for your business because it is your roadmap
for the future and if you fail to plan you will plan to fail
for this class:
You will be going on a
long and adventurous road that will lead you to a roadmap for making your
business successful. You will go
through all the market research to determine if your idea is worth seeking out
and if it is sustainable in the market we are in here in the Molalla area.
To make this a success you must look at this as a hobby and not a
dreadful job so you must choose an area on the business realm that fits your
interests. You will develop your company’s Business Plan and
determine whether this endeavor will be one you wish to pursue. Your Business
Plan will provide an assessment of financial calculations and show whether it
will be a profitable business.
you will need:
(U.S. Small Business Administration)—This
site will give you useful information on starting up a business from scratch.
The USBA often fund startup operations for small starting business
(Small Business Development Centers)
(Business Plan Outline)--This
site will give you a generic outline for starting up a business.
It will give you all the components necessary to startup and will give
you assistance in writing yours. This
is a good site to give you guidance and structure for the write-up portion of
http://www.businessplans.org/ (Center for
is another non-profit organization that has lots of interesting useful
information on writing up a successful business plan.
It also gives some great tips on things to stay away from and things to
keep in mind as you are writing your plan.
Essentials of a Business Plan)--
(Resources for Small Business Owners)
***Remember when using
search engines to use Boolean logic and not just a straight up search (it will
help you narrow your search down).
are some introductory activities that I would like you to do regarding the
type of business you are going to propose.
Answer the following questions regarding starting your own business
before deciding which business you want to start.
A new business?
what form of ownership you want?
What type of
business do you want?
are nine components to the business plan. Outline the information needed for
your business, utilizing the resources available to you.
an example of what should be in the competition analysis click on the object
Click here for an example of competition analysis spreadsheet.
Click here to see an example of a startup expense spreadsheet.
This is a good website to help you develop your financial plan
Examples of the Three Spreadsheets you should develop:
Cash Flow Projections
Start-Up Balance Sheet
Income Statement—Profit Loss Statement
Loan amount and
List of capital
needs (equipment, and any other materials needed to get started) and cost
associated with them
Developing a comprehensive
BUSINESS PLAN utilizes every business application you have studied in school.
You must have a complete understanding of your product, customer, and finances
to have a successful business. Writing your BUSINESS PLAN allows you, and
others (perhaps investors), to determine your ability for success.
A BUSINESS PLAN in not set
in stone. It is a working document that you can utilize throughout the life of
your business. CAUTION: Do not manipulate financial data to fit your
expectations. All data must be as accurate as possible and estimations should
Best of luck in your