Project #3
                  Business Plans
                         •
                          You will be required to hand in a business plan 
                               as your final project.
                         •
                          This will be a lot of fun !
                         •
                          Personalize your plan (no cookie cutter 
                               approach please)
                         •
                          Basic Requirement: How are you going to 
                               make money ?
                         •
                          Best to leverage off your product proposal 
                               (Project #1).
                                  
             Business 
                       Plan 
          Resources
 www.sbaonline.sba.gov      U.S. Small Business Administration
 www.paloaltosoftware.com         Business Plan Software
                                  
        What is a Business Plan ?
   •
     A business plan is a 
   written statement that 
   describes and analyzes 
   your business concept and 
   gives detailed projections 
   about it future.
   •
     It also covers the financial 
   aspects of starting or 
   expanding your business
                              
         Investors  
                                              Proceed or Stop 
         Funding                              Identify warning 
                                                  signals
                         Why Prepare a 
                        Business Plan ?
      Stay on                                           Improve 
        track,                                          concept 
      anticipate                                        & define 
     problems,                 Improve                  goals
   achieve goals              your odds
                                   
          • Define Business
          • Begin Brainstorming