Module 9. Business Plan
The main contents of the module are:
- Purpose and benefits of a business plan
- Business plan types
- Preparation and basic elements of a business plan
- Business Model Canvas (BMC) and LinkedIn case study
- Good and bad practices in entrepreneurship (reasons for success and failure)
Overview: The goal of this module is for young entrepreneurs to be able to understand the importance of preparing a well-designed business plan to help them run their business with a more cohesive vision.
Duration: This module is designed to be completed in approximately 300 minutes (5 hours).
Learning outcomes: By the end of this module, young entrepreneurs will be able to prepare a business plan for their venture. The primary purpose of a business plan is to define what the business is or what it intends to be over time. By putting statistics, facts, figures and detailed plans in writing, young entrepreneurs will have a better chance of attracting investors to provide the capital needed for getting started. They will also learn about Business Model Canvas, a hands-on tool that fosters understanding, discussion, creativity, and analysis of a business.
Structure of the module: Entrepreneurs should be encouraged to read the information of the module from the Handbook before the lesson, except for the LinkedIn Business Model Canvas case study. Entrepreneurs will have 2 hours to read the material and you will have 2 hours to theoretically cover the concepts of the module. Additional hour is needed to implement BMC case study of LinkedIn.
After covering the content of the module you will ask them to develop their own business plan and BMC concepts for their business ideas. Module will conclude with a discussion about their work results.
Keep in mind…
When studying the case of the LinkedIn BMC, you can print out templates of the blank canvas and distribute them out to entrepreneurs, together with colorful post it notes, so they can follow the case and learn how to implement this methodology for their business ideas. Templates can be downloaded here: https://www.template.net/business/word-templates/business-model-canvas-template/
A very good source for help with preparing a business plan (templates, financial tables, etc.) is the website of prof. Frank Moyes from Leeds School of Business: http://leeds-faculty.colorado.edu/moyes/html/
- Lectures 18
- Quizzes 1
- Skill level All levels
- Language English
- Students 1
- Certificate Yes
- Assessments Yes