Business Plan

Date : 18.April.2020
Sub  : Entrepreneurship
Day  : 4
Time : 10am -10:45
Period : 4
Class    : 12

Learning Outcomes

• Meaning of Business Plan
• Scope of Business Plan
• Importance of Business Plan
• Formats of a Business Plan

A very good morning boys.

Today we come to the last part of UNIT 2 which is Business Plan

Business Plan is a very important topic in this chapter

You will have to understand the chapter well because we have to do a project on Business Plan

Today we will only talk about what a Business Plan is, what is its Scope, its importance and the different types of Business plan.

In the video given below i would like you to go very slow.

You will first listen to what is the meaning of Business Plan very carefully.

Next you will copy down the definition as it is given on the board.

Next is Business Plan -A Decision making tool

The video will explain 5 points 

Copy all the points

First point is    i) describing all necessary inputs neede by a business

In this way i want you to copy all the 5 points

Next is the Scope of the Business Plan

It talks about An effective Business Plan should represent all aspects of a businessand sub plans shoul be prepared to cover all aspects relating to

• marketing
• finance
• operations
• human resources
• legal compliance
• intellectual property rights

Next is who should write the Plan

It can be written by the following

• lawyers 
• accountants
• marketing consultants
• engineers
• internet sites
• friends, relatives, mentors ,etc

Next is the Importance of the Business Plan

 Boys please go very slow with the importance as she is speaking very fast.

I couldnt find a better video link than this

If you dont understand anything in the importance feel free to ask in the comment

Last is the Formats of a Business Plan

There are 4 formats of a Business Plan

1) Elevator Pitch

2) A Pitch Deck with Oral Narrative

3) A Written Presentation for External Stakeholder

4) An Internal Operational Plan

I now invite you to watch the video carefully.

Please understand 1 topic at a time the way i have requested you

Make sure you are copying from the Board on the screen

https://www.youtube.com/watch?v=pwSQ-X8RUuo&t=16s

Your assignment is to make sure that you keep copying from the board and ask me anything you dont understand.