Class 3 Notes for E-commerce

Learning Objectives:

You will be able describe the parts of a business plan.

You will be able to identify tools and Web sites they can use to create a business plan.

Homework:

Plans

 

Read: Book I & IV (Chap 1)

Find a business you will use for your final project! Post your idea for a business on Canvas under the Your Business on the Discussion Section.

Take the Quiz: Are you ready to start a business

Read: 10 Steps to a business

Get an account: Mal's E commerce

Reminder: Post your articles on Canvas under the Weekly Review on the Discussion Board Section.

 

 

Topics Covered:

Business Plan Pro is available at PVCC's Computer Commons.

Parts of a Business Plan.Planning Documents

Develop a Business Plan using the elements of Business Plan

Executive Summary
Legal issues
Marketplace conditions
Competitive environment
Product
Pricing
Market Placement of Product
Management Team (responsibilities outlined)
Financial Assumptions
Cash Flow (for 2 years on a monthly basis)

10 Steps to a business

Review the Business Plan Web sites for ideas and structure

Bplan Software and Business Plan Pro on plans

Sample Plan

Small Business Administration helps with Business Plans and SBA's Small Business Planner

Business Plan Archive

American Express can help with Business Plans

Virtual Business Plans by BizPlanIt

 

What business are you in?

What business are these companies in?

Fox Suns
Coyotes Cardinals
Led Zepplin BBC

Answer: Entertainment

What business are they in? Crowd Sourcing

Southwest (cheap local travel), American (International travel and US ) and British Airways (High End International travel)

 

Funding.

Finding money to start the business may be the hardest part.

Cash Flow is king! Do you have enough money to run your business over time?

Banks, Local & State Government, Federal Government and Crowd Sourcing Loans

Find a Kickstarter a Funding Source for your innovative ideas.

NPR article: Who Pays for Online Business?

Lean Model for Starting a business.

Got a great idea that could change the world in a small way? The Pollination Project has 1000 dollar grants to help you get started.

Business Ideas:

ideas for a Business

Fast Company has several business ideas for 2013

About has several pages full of ideas for Small business

Terms:

Cash Flow, Business Plan, Management Team, Marketing

 

 

Final Step:

Review in your mind everything we covered in class and remember to cover it again before you go to bed so your mind to process this information while you sleep.