Entrepreneurship - Creating a Business Plan

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.