Business Plan

One who earns his bread,
By sweat of his brow in a good way,
And where enterprise is done, 
There shall God Himself stay. 

Udyam Shastra - Chapter 10 Verse 8.
Key Objectives:

This module aims to develop self awareness in students. The key objectives of this activity are -

  • To help the students to develop business objectives.
  • To help decision making about choice of a product or service for business.
  • To develop ability to draw an action plan to carry out the mission.
  • To plan business to generate profit.
  • To develop awarness about risk factors.
  • To develop awarness about consulting experts tonovercome difficulties in business.
  • To develop the ability to present the business idea accurately, precisely and artistically.
Concepts:
  • Business Plan

    A project report showing all the details of the business.

  • Mission Statement

    An appealing sentence stating the business objectives.

  • Risk Factors

    The possibilities due to which the business plan may fail to generate profit as expected.

  • Marketing Plan

    The plan showing the details of distributing the products , advertising and selling the products.

Skills: The students activity is designed to clarify the CONCEPTS of the module and develop some "ENTERPRISE SKILLS" (E. Skills). The E.Skills included in a module may not be exhaustive but are only indicative. E.Skills stated in modules elsewhere may also get addressed through the activities of a module.:
  • Business

    A commercial or industrial establishment; store, factory, etc..

  • Plan

    A scheme or program for making, doing, or arranging something; project, design, schedule, etc.

  • Business Plan

    A report stating the details of a business, its objectives, products, marketing strategy, profit projections, risk factors and growth plans.


Activities:

 ACTIVITY 1- What to do ?

This activity should create a need for students to think about various means of earning. This activity leaves a lot of room for a teacher to induce enterprising thoughts and motivate them to make ambitious plans. The teacher must be careful about promoting only legal and fair practices in enterprising activities. >>Click here for pdf file of Work Sheet


 ACTIVITY 2- How to do ?

The questions given should only be used as guidelines. The teacher may add more questions or simplify the given. Motivate the students to make the report very systematic and slightly decorative. As this activity is the most important activity of the year, special function or ceremony may be conducted inviting special guests and making a formal presentation of business plans prepared by the students. Appreciation must be very generously used.
>>Click here for pdf file of Work Sheet