P5-D1-CREATING A BUSINESS PLAN 18/01/11 Mrs Howe / Mr McNeill Unit 36-Starting a small business Lesson Objectives P5 produce a proposal containing the essential information for the start up of a business. [TW, EP] D1 present a comprehensive business proposal that addresses all relevant aspects of business start up. Lesson Outcome Identify what a business proposal looks like What it should include What information resources do you already have Think about your business and complete the business plan Starter Working on your own or in pairs Read the document writing a business plan U:\Business Studies\Students\U:\Business Studies\Students\BTEC Level 3\Unit 36 - Starting a small business-P5 & D1 resources Identify what points have to be included in a business plan Create a business plan template with all the relevant sections and subsections- Can use word or download templates to adapt. 30mins Task Now you know what is included in a business plan and you have an outline of your plan Carry out research on how to complete the sections of your business plan. Think-What information do you already have i.e SWOT- check these are correct/accurate with the guidance and if not amend What information do you need to find/decide upon-do it-using guidance for help Create a business plan Resources for Business Plan Guidance http://www.natwest.com/business/business-school/businessguides/general/what-i-wish/default.ashx http://www.lloydstsbbusiness.com/support/businessguides/b usiness_plans.asp http://www.bank.barclays.co.uk/Businessservices/Businessse rvices/P1242558528789 http://www.businessballs.com/freebusinessplansandmarketin gtemplates.htm www.bizhelp24.com Pg 213-215 - handout U:\Business Studies\Students\BTEC Level 3\Unit 36 Starting a small business-P5 & D1 resources Whitebox Photography requirements for P4.doc Deadline You have today’s lesson 2 hours, Homework 2 hours Next Tuesday’s Lesson 2 hours Total 6 hours to complete task Preliminary hand in 3.00pm on the 25.01.11 P5 and D1 are similar criteria it’s the level of detail and accuracy of your work which will get D1 so aim to do both at the same time To pass you will need to complete all the evidence- cash flow forecast, budget, suppliers, profit and loss a/c etc Assessment of Business Plan You will be required to attend an interview with the bank manager to discuss your business plan and to obtain funding for your business. Interviews will be scheduled on 1st February 2011for the 8th February 2011 Plan of Action 18.01.11- What is a business plan, create template, collate available evidence, make list of what I need to do over next few weeks- start work on list 25.01.11- should have all resources done, start to put together business plan. Hand in first draft 01.02.11- improve business plan- get interview date and time, plan for interview 08.02.11- attend interview for funding, improve and collate portfolio Final hand in 15.02.11