Title: Develop a business plan.
Course: Entrepreneurship (12053-I) > Section: Planning an Entrepreneurial Venture

Development should include following established format to produce the following components:

- Executive summary
- Description of the business (e.g., location, customers, form of ownership)
- Problem
- Customer segments
- Unique Value Proposition (UVP)
- Solutions
- Channels (pathways to customers)
- Revenue streams
- Cost structure
- Key metrics
- Competitive advantage
- Conclusion
- Appendix

Process/Skill Questions:

- Why is it necessary to develop a business plan?
- What is the role of the business plan in obtaining financing? How can creating a business plan accelerate business growth?
- How can a business plan minimize risk?
- What are some key metrics that should be included in the business plan?
- What information should be included in the executive summary?
- Why might the executive summary be more important than the body of the business plan?
- Would it be to the entrepreneur's advantage to read a competitor's business plan? Explain.
- How does the business canvas model differ from the business plan? What do they have in common?

Teacher Resources:

- DECA Competitive Event: Start-Up Business Plan
- FBLA Competitive Event: Business Plan
- Venture Lab Pitch Game
- Write your business plan, SBA
- Is Growth Right for You?, Entrepreneurship Crash Course