[Entrepreneur’s name] [Date] [Business Name] 1. [Explain your business idea and why you selected...
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Transcript of [Entrepreneur’s name] [Date] [Business Name] 1. [Explain your business idea and why you selected...
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[Entrepreneur’s name]
[Date]
[Business Name]1
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• [Explain your business idea and why you selected your business] chapter 1
•Explain your type of business: [Service, Retail, Manufacturing,
Wholesale] & how your business will satisfy a consumer need.] chapter 2
• Write the mission statement of your business
Business Profile2
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Qualifications (Chapter 4)
• [ List 3 skills or resources that you have that will help make your business successful]
•
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Legal Structure chapter 25
• [Is your business structure a Sole Proprietorship, Partnership, C Corporation, Subchapter-S, Limited Liability Company or Not-for-Profit Corporation?]
• [Why did you choose your legal structure?]
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Economics of One Unit chapter 9
Definition of One UnitSelling Price per Unit $ (A)
Direct Labor per Unit(if applicable) $ (B)
Materials per Unit (if applicable) $ (C)
Total COGS Per Unit (B+C) $ (D)
Other Variable Costs (outgoing shipping, packaging, commissions)
$ (E)
Total Variable Costs (D+E) $ (F)
Gross Profit Per Unit (A-F) $
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Cost of Materials/Direct Labor Chapter 2
Definition of One Unit:Direct labor (wage per hour) (A)
Time (in hours) to make one unit (B)
Direct labor cost per unit ($) (A*B)
$ $ TOTAL $ (C)
Material Description Cost /Quantity Cost per Unit ($)
TOTAL $ (D)
TOTAL MATERIALS/DIRECT LABOR(C+D) $
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Competition Chapter 8
Competitive Advantage Chapter 8
• [List 2 reasons why customers will purchase your product or service over your competitor’s.] chapter 8
(Go beyond lowest price.)
•
Competitor Price Quality Compared to my business (better, worse) why?
[ex. Local seller] $
[ex. National chain] $
$
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Consumer & Market Analysis chapter 18
Consumer Analysis:Market Segment: [Provide a description of your market segment]
Target Customer:[Provide a description of your target consumer]
Market Analysis:Location:Population:Income:Behavior:
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Marketing Mix & Plan chapter 10 & 18
Price:Place:Product:Promotion:
Method Description Target Consumer( age, gender, location)
Cost
[Determine an appropriate marketing plan based on the market research and analysis you performed]
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Philanthropy Plan chapter 10
[Describe how your business will give back to the community or support a cause that you believe in.]
[Explain how you will incorporate philanthropy into your marketing plan.]
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Average Monthly Fixed Costs chapter 9
Type of Fixed Cost Monthly Cost
Entrepreneurial Stipend [hours x (minimum wage + $1]
$
[enter fixed cost] example: utilities, salaries, advertising, etc $[enter fixed cost] $[enter fixed cost] $[enter fixed cost] $TOTAL Fixed Costs $
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Monthly Sales Projections Chapter 13
Month Units SoldJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
Total =
0
10
20
30
40
50
60
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
Units sold
(Double click on chart to add information)
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Projected Yearly Income Statement chapter 13 13
Selling Price Per Unit $ (A)
# of Units Sold (B)
Total Sales (A*B) $ (C)
Less Variable Costs
Total COGS (COGS per unit * B) $ (D)
Other Variable Costs (Other variable costs per unit * B $ (E)
Total Variable Costs (D+E) $ (F)
Gross Profit (C-F) $ (G)
Less Fixed Costs
USAIIRD (Yearly) $
Other Costs/Unforeseen $
Total Fixed Costs $ (H)
Profit before Taxes (G-H) $ (I)
Less Estimated Taxes @25% (I * .25) $ (J)
Net Profit (I-J) $
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Start-up Investment chapter 14
Entrepreneurial hours needed for start-up (A)
Wage I pay myself (B)
Total start-up time investment (A*B)
$ $
Item Where I will buy this? Cost of Item
$
$
$
$
CASH RESERVE covering 3 months of fixed costs $
Estimated TOTAL START-UP INVESTMENT $
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Financing Strategy for Total Start-up Investment chapter 14
Source Amount
Personal Savings [ How will you save?] $
Relatives/Friends $
Investor [Who is it?] $
Grant [From Whom?] $
Total: $
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Return On Investment Chapter 14
Return on Investment (ROI)chapter 3
Yearly Net Profit ÷ Start-up Investment X 100 %
For every $1 dollar invested, my business earned :
$
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$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
ROI
Original $1invested inbusiness
Amount of $gained/lossed byoriginal dollarinvested
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Return On Sales chapter 14
Return on Sales (ROS)
Yearly Net Profit ÷ Total Sales X 100 %
For every $1 dollar of sales, my business earned :
$
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
ROS
$1 of sales
Amount of $gained/lossed bysales
(Double click on chart to add information)
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Financial Ratio Analysis chapter 14
Monthly Break-Even Units chapter 20
Monthly Fixed Costs/Gross Profit Per Unit
Start Up Investment DoublingYears for my start-up investment to double in value (Start-up Investment ÷ Net Profit) X 2
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Business & Educational Goals
• Business- [enter short term goal]
- [enter long term goal]
• Educational - [enter short term goal]
- [enter long term goal]
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Time Management Plan
Business schedule for a typical week
• Entrepreneurship Hours: [enter hours]• School Hours: [enter hours]• Work Hours: [enter hours]• Free-Time Hours: [enter hours]
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[Enter your mission statement (or slogan if applicable)]
Thank you for your consideration of
[Enter company name]
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