Determine different types of local, domestic, and global business model strategies.

Accounting by Geoffrey

Competency

  • Determine different types of local, domestic, and global business model strategies.
  • Assess the characteristics of an entrepreneurial mindset.
  • Evaluate business models that organizations utilize to effectively implement strategies.
  • Critique how ethics affect entrepreneurship.
  • Apply techniques used in business development.
  • Synthesize the different components of the business plan.

Student Success Criteria

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Scenario

You have decided to open a cupcake bakery and move your home-based business into a storefront. Recently, you met with SBA National, a non-profit, that focuses on helping entrepreneurs start their business with funding and guidance. The non-profit also hosts a business pitch competition to anyone who is a client. The final step in the competition is to create a business plan.

Instructions

You will develop a business plan that outlines the strategy for your company. Include the following:

  • Executive Summary
  • Company Description – Background on Industry, is the company global or domestic and what techniques will be used to develop the business
  • Organizational and Management Structure – Include the type of business model for your company and why
  • Competitive & Market Analysis – How does the selected business module strategy fit with the competitive market
  • Goods and Services Breakdown – What goods and services will be offered?
  • Marketing and Networking Synopsis – What entrepreneurial mindset skills could be used?
  • Sales Strategy – Include ethical strategies
  • Financial Plan

Resources