Individual Activity: Business Plan Practice (Part 1) The goal of the final project for this course is to develop a business idea into an original business plan. To complete the business plan due in Week Five, you will be assigned a part of the process. Work on each part as assigned each week. The business plan should represent the merits of a business venture in a real business environment. As you prepare your business plan, ask yourself these questions: o Does this business plan do justice to my dreams and goals of owning a business? o If I saw this business plan presented by someone else, would I be interested and eager to participate and invest in the project? * Resources: Appendix 2Sample Student Business Planand Appendix 3Advanced Business Planin Entrepreneurship: Starting and Operating a Small Business. Note. The sample student business plan in Appendix 2 is generic and may not apply to all business ventures. * Complete the following sections of your final projectBusiness Plan Practice. See Ch. 2 of Entrepreneurship: Starting and Operating a Small Business for more information on what should be included in each section. o Your Business Idea o Economics of One Unit o Evaluating Your Business Idea o Your Goals o Technology o Core Beliefs o Competitive Advantage o International Opportunities
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