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Dive into the world of entrepreneurship by leveraging the Economics and Entrepreneurship model to establish a thriving business offering innovative goods/services. This business plan focuses on (Company Name) located at 244 LBJ Road, Jackson, KY 41339, founded by (Sole proprietor/partner names). Our mission is (goals of the company), and through strategic planning, we aim to provide (brief business description) while ensuring profitability by understanding production costs and pricing strategies. Our marketing approach will utilize various techniques such as flyers, posters, websites, and social media to reach our target audience effectively. The journey of entrepreneurship teaches us valuable lessons - it's challenging but rewarding, emphasizing the significance of economics, the essential role of new businesses in our economy, and the traits of successful entrepreneurs - creativity, risk-taking, and energy.
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PBL - Entrepreneurship Creating a Business using the Economics and Entrepreneurship Model
(Name of Company) Our company offers a (good/service) to the consumers
Business Plan • (Name of company) • 244 LBJ Road, Jackson, KY 41339 • (Sole proprietor or partner names)
Mission Statement • (add the goals of your company here…why are you in business?)
Description of Business (provide a brief description of your business plan)
How will we make a profit? • It will cost us (amount of money to produce our product) OR (amount of money per hour to offer our service). • We will have to charge at least this amount to break even. • According to our market research, we can make the most sales revenue by charging (amount of money).
Advertising • (add advertising techniques – flyers, posters, website, social media, commercial, etc.)
What We Have Learned • Owning a business is NOT an easy job! • Economics and business are important subjects. • Our economy needs new businesses. • Entrepreneurs must be willing to take risks! • Entrepreneurs must be creative and energetic!