You will find an outline and a sample plan on the floppy disk included with your textbook. You should choose a small retailer, manufacturer, or service provider as the subject of this project. You may also choose a non-profit or other organization provided you obtain prior approval from the Instructor. Prepare the plan as if you are going to the bank to acquire a loan to start your business. Use realistic data where possible, but it may be necessary to make some assumptions.
Every chapter includes a number of action steps.
Completion of these action steps will assist you in the preparation of your individual business plan. You will complete these action steps in groups of three or fewer members. However, each student should maintain a copy of all action steps completed in order to prepare the individual business plan. The action steps will be very useful in preparation of the individual business plan. Class time will be allocated for partial completion of these action steps.