You and your partners are going to open a business in Long Beach!!!
Requirements:
1) A typed business plan that gives a summary of the business (2 pages minimum) and answers the questions listed below. It is to be assumed that these businesses will be opened in Long Beach, Lido Beach, Point Lookout, Oceanside or Island Park. Please be sure you address the needs of the community. Your business plan will be addressed to the Business Manager
2) An oral presentation to the class (5-10 minutes). Your job is to sell the idea to the class. Make your classmates believe this is a great idea. You should bring in charts, graphs and an example of the product (if possible). Remember your classmates will be acting as members of the bank. I will make the final approval for the capital to start your business.
3) This is a group project, everyone is expected to participate! Please delegate the work as you see fit.
In your business plan, please be sure to answer the following questions.
B =must be in your business plan
***you are requesting a maximum of 100,000
What type of business are you going to open? SBA.gov - steps to starting a business
What is the name of the business and why? how to name your business
What is the business slogan going to be? Free slogan generator
(B) Where is your business going to be located?
(B) What capital is going to be needed and why?
(B) How are you going to advertise? Info on Advertising
(B) What type of products are you going to produce and why?
How will those products be produced (quality/style) business management
Who is going to be the target for your product?
(B) Who will work in your business? Include salary information.
Who will control the money and why?
What type of profits can you expect and why? (Projected income)
(B) Provide any other relevant information necessary.
A completed budget for your new business. You need to show investors how you are going to spend the money.
