Build an item and  hypothesized what would happen if  put it on the market.  made 30 for the higher-ups in the University as a gift. Ended up making card wallets through laser printing. This class is for engineers and for business students. Business students have to write a business plan about what happened and what could happen. 8 steps of business plan explaining our product (Which is card wallets), the market that it is in, the design process (which we did through laser cutting through the material), how we overcame problems during the process (We put a little hole at the top so someone can put it on their keychain, that was too far up and it would tear easily. You can just make something up about what happened or not, it does not really matter), 3 years of company growth, marketing strategy, and our business ideology. The name of our business is called "Basic Buc's Minimal Accessories". The goal of the company is to either sell off-patent designs for accessory products like wallets, earrings, etc. Or become a subsidiary company under a larger brand to sell our products ourselves. create a business plan.


 
 
 
 
 

A Successful Business Plan Can Mean the Start of a Successful Business When starting a business, writing a business plan is the first step in the establishment of your prospective business. A business plan is a document that summarizes a company's operational and financial objectives and contains detailed plans and budgets that show how the objectives are to be accomplished. It is the roadmap for the success of your business. For anyone starting a business, it is a vital first step. A business plan is essential to determine if your business model is viable if you have the idea to start a new company. If seed financing is required, you should have a business plan prepared for investors that demonstrates how the proposed business will be profitable. The formal and traditional business plan has the following sections: Executive summary Industry overview Market analysis Competitive analysis Marketing plan Management plan Operation plan Financial plan Appendices and Exhibitions