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Read the following:
You shall read the following information about business plan development at this website: http://en.wikibooks.org/wiki/Getting_Started_as_an_EntrepreneurOnce there, you should click on the following headings (located under the “Plan” subsection) and read each of them thoroughly:
Next, read the following information on how to develop a mission statement:http://ctb.ku.edu/en/table-of-contents/structure/strategic-planning/vision-mission-statements/main
If you are truly serious about starting your own business and developing a business plan on your own, there is a free online book that outlines this process in much greater depth: http://www.e-booksdirectory.com/details.php?ebook=10607
Part 1
Share your mission statement that you have created for this week’s Journal entry assignment on the discussion board. You will be assessed and assess others based on the principles of what a strong mission statement should include.
Part 2
Think about a business idea you may have or have thought of in the past. This may be for a for-profit venture, or a social business enterprise, or a non-profit organization. (Or, if you cannot think of one, then consider a business that already exists, and use that as your focus for this assignment.)
1) Create the beginning outline for a business plan by writing your own MISSION STATEMENT. Remember that the “four components of a good mission statement include”:
2) Next, create an outline for a business plan by answering the following “nine questions every business plan should answer”:
3) Finally, provide an “elevator pitch” that you can use to “sell the business idea” to others in 60 seconds or less (the time it takes to ride down a few floors in an elevator).
*** If you want to envision yourself starting up a non-profit organization, then consider where you might access sources of funding and ongoing support and discuss this as well.
If you are truly serious about starting your own business and developing a business plan on your own, there is a free online book that outlines this process in much greater depth. This book, Small Business Management in the 21st Century, is available at http://www.e-booksdirectory.com/details.php?ebook=10607
This Journal entry should be a minimum of 1,000 words in length.
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