CREATING A BUSINESS PLAN

Throughout this module you have been equipped with the skill to create a business plan. You will use the following table of contents to help you create your business plan as well as see the grading schedule. Also, you will need to input your page numbers in the table of contents below.

TABLE OF CONTENTS/GRADING SCHEDULE

Page #	Title	Possible Pts.	Earned Pts.	Total earned Pts.
	Background information	20		____/20
	3 Economic ?'s	15		____/35
	Factors of Production	15		____/50
	Impact of Supply and Demand	20		____/70
	Importance of Capitalism	10		____/80
	Employee Relations	10		____/ 90
	Business Type	10		____/100

(This page should be deleted once you have included all this information into your business proposal. Make sure you are as detailed as possible to get the maximum amount of points.)

Background information:Describe convincingly why you want to start this business using examples and evidence (ie: something you have always wanted to do, you are good at this) and explain what you are selling or providing. Provide a name for your business, your location and describe what goods and services your business will sell. Include why customers want or need your product or service.

3 Basic Economic ?'s:Describe your customer profile and why customers want or need your product or service. Is the market for your product or service growing or shrinking? Explain the unique qualities or circumstances concerning your product or service that will enable you to maintain profitable pricing.Provide in depth steps as to how you will produce/provide your good/service. Would you consider your production process more traditional, modern or totally unique? EXPLAIN.

Factors of Production: Describe the four factors of production that will be need for your business and the types of equipment you will need to start your business. You must include any form of communication including telephones, cell phones, faxes, internet, email, and the budget you will need for these things.

Impact of Supply and Demand: Provide three scenarios for both supply and demand that would impact your business. Make sure you elaborate on how these will impact equilibrium and the price and quantity of your good or service.

Importance of Capitalism: Explain the importance of capitalism to your business. How do profit motive and competition impact your business.

Employee Relations: Remember that businesses have a responsibility to address their employees' concerns and create a quality working environment for their employees. Determine how your business will do this.

• Will your business have a labor union? If so, explain why allowing a labor union is a good decision. Also, explain if the labor union should be a closed shop, open shop, or union shop and why.
• If your business will not be open to labor unions, explain why and also explain how you will allow your workers to have a voice in your business without labor unions.

Type of Business: Explain what type of business you would like to create (sole proprietorship, partnership, or corporation). Describe why you decided to chose the business type. What are the advantages? Evaluate how your business type will overcome the disadvantages it will face.