Personal Business Plan
The point of this question is writing a personal business plan
Please you can choose any type of business you want.
(Example: opening a Grocery)
"write" Personal Business Plan and highlight how entrepreneurship and innovation could play a role in their personal and career paths
Cover all following kind of information
1. Name of the company or Business
• Select the right name which demonstrate your business activities
• The Name which is available
• The name is easy to save in memory
• Not be in a local language as for international business
2. The Main activity of your Business
• Write the list of projects or activities
• Which product or activity make you special
• The General feature of your product / services of your business
• efficacy of your products
3. Vision Statement
• A Vision statement outlines WHERE you want to be in the future. Communicates both the purpose and values of your business.
4. Your strategy: (A strategy for your business life over the next three to five years.)
• and the specific actions you plan to take to implement it. What goals do you have for your business? When and how will you reach your goals? how you plan to make your business to be a successful.
5. Mission Statement
• It lists the broad goals for which the organization is formed. Its prime function is internal; to define the key measure or measures of the organization's success and its prime audience is the leadership, team and stockholders. What do we do today? For whom do we do it? What is the benefit? Why we do, what we do, in other way What, For Whom and Why?
6. Values of the Organization:
• Ethics Values
• Moral values
7. Capital / Finance Positioning Statement
• Financing stages and the Entrepreneur
• Cash amount needed and purpose
• Sources of Capital
8. Market Positioning Statement
• Insert about Target Market,
• Insert about Brand,
• Insert about Point of Differentiation
• Insert about Reason to Believe
9. Team Building
Recruiting Team
• identify the Key Aspects of Leading an Entrepreneurial Team.
• identify the cultures of team members how to impact on their ability to function as teamwork.
• Identify the staff members
• Identify the experts that would help and inspire you
10. Indicators of Success
• How do you define success?
• Identify the progress in numbers
• How will you measure/determine if you have successfully attained these milestones?
11. Strategic Plan
• The Most Important Risk.
• Develop risk mitigation strategies.
12. The Main Strategic Milestones
• Milestone One : Product Quality and Productivity
o Explain how you would increase productivity and ensure the product's high quality
• Milestone Two : Creativity and Innovation
o Explain how you would introduce innovative ways to produce a good product.
• Milestone Three : Marketing and Public Relationship
o Explain the marketing plan.
• Milestone Four : Staff members and Training
o Explain how you would improve the abilities and the performance of the staff members.
Marketing and Implementation Strategy
• The student has created their market positioning statement, directed at a hypothetical employer; industry, organization, or the world at large.
• The student clearly describes the compelling value that they will offer to their potential employers and society.
• The student defines how they will differentiate from
Others.
13. SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats)
Internal Strength, Internal Weakness in the organization, External Opportunities, External Risks
14. Evaluation Process
• Explain how you would evaluate the performance of your company
• How would you mitigate risks?
15. The Experts and Characters that could help you.
16. Student shared a valid failure experience from their past and shared what they learned in terms of maximizing their future potential
Conclusion:
1) Summarize your values goals, strategies and final targets
2) How do you plan to practice ethical principles in your daily actions?
3) If you could assemble any three people to advise and mentor you, who would they be? Why would you choose each? Is it their wisdom, their accomplishments, their words, their creativity, their character, their heroic deeds?
4) Describe your business.
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