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Students will work in groups to develop a two-page profile of the business or project they have chosen as the focus of their business plan.
Students will work in groups to develop a two-page profile of the business or project they have chosen as the focus of their business plan.
The profile should describe the business or project in a manner that clearly illustrates the students' understanding of the business or purpose and clearly identifies 5 questions that this marketing plan will help the business achieve. The plan should focus on market availability, financial viability and business sustainability.
Here are some suggestions for the 5 questions:
- How will your marketing plan support your business goals?
- What are you trying to accomplish and why? (Mission statement)
- Who are you trying to reach with your marketing activities? (Target market)
- Who are you up against? (Competitive Analysis)
- What makes your business unique? (Unique Selling Proposition)
- What will you charge and why? (Pricing Strategy)
- How will you reach your target market? (Promotional plan)
- How much money will you spend and on what? (Budget)
- What tasks do you need to complete to reach your marketing goals? (Action list)
- What results have you achieved and where can you improve? (Metrics)
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