Turn entrepreneurial ideas into actionable strategies in Making Your Business Plan, a step-by-step lab that guides students through the essential elements of planning a successful business. Whether it’s a product, service, or community venture, students will learn how to bring their ideas to life through structured research, analysis, and presentation.

In this lab, students will:

Define Business Goals – Craft a clear mission, vision, and value proposition.
Research the Market – Identify target audiences, analyze competitors, and assess industry trends.
Develop a Marketing Strategy – Apply the 4Ps of marketing to position their business for success.
Plan Operations – Outline production, staffing, and supply chain strategies.
Create Financial Projections – Prepare startup costs, revenue forecasts, and break-even analyses.
Prepare for Presentation – Organize and format their plan into a professional, pitch-ready document.

Learning Outcomes:

Understanding the structure of a business plan
Applying market research to business decisions
Building persuasive business proposals
Financial literacy and forecasting skills
Communication and presentation techniques

By the end of the lab, each student will have a fully developed business plan they can use for classroom competitions, entrepreneurship challenges, or even real-world startup ventures.

Entrepreneurship - Creating a Business Plan