Lesson 1 - Starting a Business:

At Seeds of Fortune Inc. we consider you the next generation of leaders.
The Girls Start Up Business Plan will assist you in setting up a business that will impact the community in which you live and the world around you.

 

Businesses are created to meet a need in the world, usually these needs come from problems that everyday people want/need solutions to make their lives more productive. For example someone invented a toothbrush to help you brush your teeth every morning, then someone invented an electronic toothbrush to help you brush your teeth even better. 

Click the dots to continue 

CREATING A BUSINESS PLAN

Lesson 2 - Competition:

Think about who else may have the same product or service as you, how can you learn from them to make your project solution stronger. For example H&M and Forever 21 are Competitors they both product fast-service clothing to young woman, but they have to different business models. Watch the video above of Chental Songbembry's The Honey Bunch Kids business to understand more about competition: 

 

Research Your Competition: 

Now that you understand competition a little more , research and name 3 competitors in your space:

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2
3

Differentiation:

What makes your product or service different from your 3 Competitors?
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2
3

What resources do you need to complete this project (Must respond in 200 words)?

 

 

 


Who would you need to the complete this project - Name 3 people you would need to complete this project?
1)
2)
3)

 

Name 3 organizations you could partner with to make your project more successful?
1)
2)

3)

LESSON 3 - RESOURCES:

Lesson 4 - Financials: 


How much will it cost you to make your particular product or conduct your service as well as the amount of profit you will make from your business?

 

 

 

Expense: the cost required for something; the money spent on something.

Item: The materials needed to make your product or service occur 
Quantity: How much of that item you will need
Costs: The price of each item  quantity 

Total cost: the sum of all cost required to create your product or service

Example: 

Rene sells body butter, in order to make body butter she must buy: 

  • 2 Shea Butter Stick - $5.00

  • 1 Vanilla Oil - $5.00

  • 1 Lavender Oil - $2.00

Total Cost Equation:

2 Shea Butter Sticks X $5.00 = $10.00

1 Vanilla Oil = $5.00

1 Lavender Oil = $2.00

Total Cost = $17.00

Pricing:

 

Total Cost ($17.00) *1.25 = $21.25

 

Rene should price her body butter at $21.25

Profit:

 

$21.25 - Total Cost $17.00 = $4.25

 

Rene makes $4.25 off of each body butter

Lesson 5 - Marketing:

Marketing is all about the 5 W's - Who, What, Where, When, Why, and How?​​

Who - needs your product or service (women, girls, men, boys, teenagers, moms, or babies)

What - you have to explain to people what your product or service accomplishes for them

Where - focuses on the location of your product or service 
Business location: online business, store front, high school lobby, instagram store, church, community center 

When - the time and place your business is open as well as launch date.
Ex: 24/7, 9:00-5:00 PM, Weekends, Weekdays
Launch date - the day/month/year you plan to start your business​


Why - this explains to your customer why your business was established 

How -  this is how your customers will find your product or service
Marketing: social media, newspaper, website, radio, word of mouth, blogs, TV, local religious institution

  • Record the Who, What, Where, When, Why, and How of your business idea on your worksheet

  • Next step: Now create both a homepage website for your product or service using

  • Weebly: www.weebly.com and an advertisement for you business

  • Submit your planning sheet and final executive summary in your Scholar Folder

GIRLS START UP COMPLETED

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