ComparingBusinessVenturePlans（三）.docVIP

Wednesday April 8, 2009 Hi class, A)- You can upload your franchise PowerPoint’s to moodle- I set it up and it seems to work….. (crossing fingers!) Activity #1 On Tuesday, each of you will be meeting with me to discuss your potential venture idea. I will ask you questions about your venture based on the past activities we have done. Some of the questions I may ask you are: What are your demographics What are the risks associated with starting your type of business What are the financial implications What are the potential ethical considerations if any What need or want will your venture satisfy What type of venture is it- profit, non profit, service based, goods based Who are your competitors What skills do you bring to the table that will help you with this venture What type of business ownership will you have (sole proprietorship, partnership) *****You should prepare short answers for each of these questions. Point form is acceptable Activity #2 Comparing Business Venture Plans: Please go to this website: /SBIC/businessplans.php 1. Chose three different types of business plans to compare from this website: For example (Aircraft equipment maker, bakery and construction firm) Using the venture plan assessment chart below, assess each business plan based on the following criteria: Content- Does the business plan have all of the components laid out in our ISU assignment Thoroughness - Are Ideas fully explained Clarity- Can you understand the content? Organization- Is there a logical progression of ideas- or does the business plan jump all over the place? Social Responsibility - What is the company planning to do for the community, if anything? Utility - Usefulness- Can the business plan actually help the entrepreneurs achieve their goals? Venture Plan Assessment Tool Evaluation Key 5 Superior 4 Competent 3 Adequate 2 Limited 1 Missing or Unsatisfactory Criteria #1 #2 #3 Content Mastery of content Cover sheet Table of contents Executive summary Marketing anal