Personal Business plan

Students will write a Personal Business Plan (PBP) and highlight how entrepreneurship and innovation could play a role in their personal and career paths

Note* Cover under following kind of information in your project

1. Name of the company or Business

Select the right name which demonstrate your business activities

The Name which is available

The name is easy to save in memory

Not be in a local langue as for international business

2. The Main activity of your Business

Write the list of projects or activities

Which product or activity make you special

The General feature of your product / services of your business

efficacy of your products

3. Vision Statement

A Vision statement outlines WHERE you want to be. Communicates both the purpose and values of your business.

This is where you discuss the industry, your business structure, your particularly product or service, and how you plan to

make your business to be a successful.

4. Your strategy: (A strategy for your business life over the next three to five years.)

and the specific actions you plan to take to implement it. What goals do you have for your business? When and how will you reach your goals?

5. Mission Statement

It lists the broad goals for which the organization is formed. Its prime function is internal; to define the key measure or measures of the organization's success and its prime audience is the leadership, team and stockholders. What do we do today? For whom do we do it? What is the benefit? Why we do, what we do, in other way What, For Whom and Why?

6. Values of the Organization:

Ethics Values

Moral values

7. Capital / Finance Positioning Statement

Financing stages and the Entrepreneur

Cash amount needed and purpose

Sources of Capital

8. Market Positioning Statement

Insert about Target Market,

Insert about Brand,

Insert about Point of Differentiation

Insert about Reference

Insert about Reason to Believe

9. Team Building

Recruiting Team

The student identifies the Key Aspects of Leading an Entrepreneurial Team.

Student need to identifies that the cultures of team members how to impact on their ability to function as

teamwork.

Identify the staff members

Identify the experts that would help and inspire you

10. Indicators of Success

How do you define success?

Identify the progress in numbers

How will you measure/determine if you have successfully attained these milestones?

11. Strategic Plan

The Most Important Risk.

Develop risk mitigation strategies.

12. The Main Strategic Milestones

Milestone One : Product Quality and Productivity

o Explain how you would increase productivity and ensure the products high quality

Milestone Two : Creativity and Innovation

o Explain how you would introduce innovative ways to produce a good product.

Milestone Three : Marketing and Public Relationship o Explain the marketing plan.

Milestone Four : Staff members and Training

o Explain how you would improve the abilities and the performance of the staff members.

Marketing and Implementation Strategy

The student has created their market positioning statement, directed at a hypothetical employer; industry, organization, or the world at large.

The student clearly describes the compelling value that they will offer to their potential employers and society.

The student defines how they will differentiate from other UAE students .

13. SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats)

14. Evaluation Process

Explain how you would evaluate the performance of your company

How would you mitigate risks?

15. The Experts and Characters that could help you.

16. Student shared a valid failure experience from their past and shared what they learned in terms of maximizing their future potential

Conclusion:

Summarize your values goals, strategies and final targets

How do you plan to practice ethical principles in your daily actions?

If you could assemble any three people to advise and mentor you, who would they be? Why would you

choose each? Is it their wisdom, their accomplishments, their words, their creativity, their character,

their heroic deeds?

Describe your business in six words.

NOTE; it should be more than 2,000 words and don't copy from others work