High school economics business plan

Sales Forecast … numbers and percentages 5.

business plan for school project pdf

Cost Structure What does it cost to run our business? Differentiate and fulfill the promise.

high school business plan template pdf

Business Economics - semester two This project-based business course helps students expand their understanding that businesses are influenced by external factors that are often beyond their control. At the time, it felt more like busywork than it did a worthwhile investment.

What steps should be taken?

Starting a business worksheet for high school

Other important business classes include accounting, human resources, operations management, and information and technology management. The next step is obtaining a great education! These will cover the money basics and how it is important to save money, invest money, and even how to spend money wisely, of course. In an economics course, you learn more about the various markets in the world, supply and demand, and how the markets fluctuate. These are all great considerations for the marketing portion of your plan. By planning, organizing, staffing, directing, leading, and controlling business activities, students acquire a realistic understanding of what is required to open and successfully run a business. These tend to be small businesses, owned by people who started them because they liked computers. The next step in creating your very own company plan is to write a mission statement. Scoring Each submission will be reviewed by a panel of judges comprised of various business professionals. I have been building businesses for a long, long time. Channels How will we reach our customer segments? You will also need to take some financing courses. Often the administrators try to discourage this but are only partially successful. We can't just market and sell service and support; we must deliver as well. Teams will meet and work with marketing, financial, legal and business professionals on their business idea.

Our target companies are large enough to require the kind of high-quality information technology management we offer but too small to have a separate computer management staff such as an MIS department. The hardware is like the razor, and the support, service, software services, training, and seminars are the razor blades.

We find that the larger companies turn to other vendors, but we can sell to departments of larger companies, and we shouldn't give up such leads when we get them.

Create your own business lesson plan

For the focus of our plan, the most important are those that are real businesses offices from which people earn their primary income. We cannot build the service and support revenue into the price of products. When asked, the owners will complain that margins are squeezed by the chains and customers buy based on price only. What is our high-level concept? First of all, no great business comes from a long day of sitting at your desk wondering what will work. We need to serve our customers with what they need. The High School of BusinessTM curriculum prepares students to excel in college-level business administration programs. Be sure to mention the feasibility of your company's product or service in this portion of the plan, also referred to as the business model. The employee cutoff is arbitrary. These tend to be small businesses, owned by people who started them because they liked computers. Weaknesses: lack of product, service and support knowledge, lack of personal attention. We need to effectively compete against the idea that businesses should buy computers as plug-in appliances that don't need ongoing service, support, and training.

Teams will meet and work with marketing, financial, legal and business professionals on their business idea. We use it mainly as an inexpensive workstation for small business installations. What does our ideal customer look like? As a high school student, this possibility might seem more like an impossibility.

Intro to business lesson plans for high school

These are complex products that require serious knowledge and experience to use, which we have, while our competitors sell only the products themselves. Our target companies are large enough to require the kind of high-quality information technology management we offer but too small to have a separate computer management staff such as an MIS department. We cannot build the service and support revenue into the price of products. We could offer the local radio station a regular talk show on technology for small business, as one example. Consumer spending, government policies, economic conditions, legal issues, and global competition are addressed through practical, current applications to everyday societal and business life. Our revenue structure has to match our cost structure, so the salaries we pay to assure good service and support must be balanced by the revenue we charge. Which also means there is no wrong way to fail. Scoring Each submission will be reviewed by a panel of judges comprised of various business professionals. Students will apply the concepts of operating and overhead costs, internal accounting controls, and budgets to their class business. Judges will evaluate each submission based on a point scoring rubric. Receivables turnover—8. Training, service, installation, networking support—all of this must be readily available and priced to sell and deliver revenue. Your compass is your gut, your instincts, and all the things you learn along the way.

Unfortunately, our home office target buyers don't expect to buy from us.

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High School Business Plan Competition