Planning to Start your own Business$$

Learning Objectives:

$1.$To incorporate the theoretical and practical aspects of individual and firm entrepreneurship

$2.$To acquire specific skills in developing a business plan and understand the basic principles in

business operation i$.$e$.$marketing and financing.

Guidelines

i$.$Work in a group that you had formed in class. As a group prospective entrepreneur, you are required to prepare a BUSINESS PLAN for an upcoming enterprise or for a product$/$service based on the business model presented in class earlier.

ii$.$The business plan represents a combination of various sub$-$plans covering the broad areas of activity in a business operation. The outline of the business plan are as follows:

$($Business $-$Yoga Studio$)$

H$.$Financial plan $$Includes the sources of financing and how you plan to manage the financial allocation in order to ensure profitable returns.

$-$financial projection$($sales forecast, income statement, balance sheet, cash flow statement, break even analysis$),$start up capital planning, sources and uses of funds