Sunday, September 20, 2015

Business Plan - Revise & Finalize - Plus Some Fundraising Information



This week, we will review some sponsorship/fundraising opportunities, review feedback on the business plan as it had been drafted, read through the draft, and revise/finalize our business plan.  The final draft will be submitted to pitch burner on Monday, September 28.  This is an exciting time of year, as we will have completed the first of many challenges of the 2015-16 school year.

On Monday, before we review feedback on our business plan, we will gather our concession stand donations and store them in the supply closet for safe keeping.  This supply closet is where all concessions will remain when we are not selling them after school.  After this, we will review the Sponsorship Letter I drafted so that we all know how to approach community leaders and businesses when we request their donations for this year's trips.  We will also create a list of businesses and community leaders who each student will approach for sponsorship.  This must be an orderly meeting.  I understand you will be eager to finalize the business plan, but please refrain from working on anything on the computer while we are covering these topics.

On Tuesday, we will read the plan as it was submitted.  This will give everyone an idea of how the plan sounds when completely constructed (prior to revision).  We will then review the feedback I provided for each section of the business plan.  In addition to grammatical and spelling errors, I have addressed how the business plan should read.  Many of you wrote the plan to sound as if it is a commercial for Pick-It Sweets & Treats.  While it is somewhat of a promotional artifact, a business plan should read more like a business document.  This means a majority of your revisions will be changing the diction and overall feel of the plan.  Most of what was submitted was very effective.  We will just make some minor adjustments before submission.

Wednesday and Thursday we will make the necessary revisions to the plan and do a final read through.  Although I won't be in class on Thursday (or Friday), Josh and Andrew will oversee the final read.  Any minor adjustments can be made at this time, and the final draft can be put together by Steffan over the weekend.

On Friday, you will reflect on the business plan creation process.  You will address the following questions and write/publish a blog post to let me know how much you enjoyed this project.  For some of you, this was the first time you contributed to a team business plan, so I look forward to reading your entries.  Questions are below:

What were your responsibilities in contributing to the business plan?
Did you feel your job would be easy?  Why?
Was your contribution to the business plan easy? How so?
How well do you understand how to write a business plan after completing this process?  Do you have any suggestions for improving next year's plan?
What did you learn from your role in the business plan creation?
If you had to write a business plan on your own, what would you do well and what would you struggle with?  Why?

That's it for this week.  I look forward to seeing you tomorrow.

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