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Develop Your Business Strategy: Entrepreneurial Plan Guide for Youth

This comprehensive guide is tailored for young entrepreneurs looking to develop a successful business plan. It provides a structured approach to crafting a compelling pitch, understanding your business's unique value, and outlining your goals. You will explore essential elements like market analysis, customer profiling, and the competitive advantages your product or service holds. This resource empowers you to articulate your vision and responsibility as a business leader, ensuring your venture meets community needs while standing out in the marketplace.

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Develop Your Business Strategy: Entrepreneurial Plan Guide for Youth

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  1. Entrepreneuring Youth Business PlanINTERMEDIATE

  2. READ FIRSTBefore You Begin . . . . Delete the brackets Fill in your own information when you see brackets [like this] You can use the notes section on the bottom of each slide to jot down your presentation notes. Remove slide before presenting

  3. The 30-Second Pitch/Hook [Describe your product or service. Make sure to include your company’s name, your name and title.] [What problems does the product or service solve (or what demand does it meet)?] [How is your product different?] [Tell them why you are the best person to run this business.] [Should make the listener ask “Tell me more!” ] Remove slide before presenting Example: "Do you use a flash memory drive? What if your car had a USB port and you could play music through it? That’s what my company, Play-On, is building. . . .”

  4. [Business Name][Logo a picture that promotes instant recognition of your company] [Entrepreneur’s Name] [Grade] [Age]

  5. Introduction to My Business

  6. Product or Service Opportunity -Why did you choose this business? • How does the product or service work? • How does your product meet an individual’s needs or solve a problem in the community? What is a special feature of the product/service? Why are you better than your competitor? Insert a picture of your product or service.

  7. Business Profile Type of Business • [Is yours a Service, Retail, Manufacturing, or Wholesale business?] Legal Structure • [Sole Proprietorship, Partnership, C Corporation, Limited Liability Company?] • [Why did you select this legal structure?] Mission Statement • [A mission statement is a company’s constant reminder to its employees and customers of why the company exists.]

  8. Qualifications What experiences do you have that would make you good at this business?    [Enter reason #1 here.] [Enter reason #2 here.] • [Enter reason #3 here.]

  9. Customer Profile Insert a picture of your target customer here.

  10. Market Analysis

  11. Competitive Advantage Factors-> Product Price Quality [Your Business] [?] [?] [?] [Competitor A] [?] [?] [?] [Competitor B] [?] [?] [?]

  12. Promotional Mix Monthly Amount [What sales or deals will you come up with to have people want to buy your product?]

  13. Economics of One Unit

  14. Average Monthly Fixed Expenses

  15. Time-Management PlanSchedule for a Typical Week Total Hours in a Week = 168

  16. Monthly Sales ProjectionsFirst Year Total Units Sold [Units]

  17. Projected Yearly Income Statement First Year

  18. Business Responsibility& Philanthropy • Business Responsibility • [Explain how you will run your business using good morals.] • [How will you ‘green’ your business] • Professional/Advisory Support • [Who is the advisor or mentor for your company?] • Philanthropy • [Describe how your business will give back to the community or support a cause in which you believe.]

  19. Business & Personal Goals Personal Business • [Describe the next steps you need to take to make your business actually run] • [Explain how you will expand the business (hire employees, attract new customers, purchase a storefront, and so on).] • [Describe how big your business could get.] 6 Months- 1 Year • [Describe education or training you could get to help with your business.] • [Describe how your experience with this business will prepare you for your career.] Over 1 Year

  20. [Enter your slogan-- this is a catchy saying that you will use in ads] Thank you for your consideration. [Enter company name]

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