Create Your Own Business Project

Step One: Select A Partner

Step Two: Select a Product or a Service that you want to provide (Must Be Approved prior to Research)

Step Three: Conduct Internet and Local Research to determine what the Factors of Production will be for your Business.

Step Four: Conduct Research and Determine Your Fixed Costs (See Chapter Five)

Step Five: Conduct Research and Determine Your Businesses Approximate Variable Costs For Specific Production Levels (See Chapter Five)

Step Six: Predict Your Firms Potential Profits and Create a Revenue Curve and Cost Curve

Step Seven: Develop a Marketing Concept that includes a slogan, a unique symbol, and select a form of media (TV, Radio, Print and or Internet) that you will use.

Report Format

Your Proposal Should have the Following Sections:

1.  Cover Page

2.  Table of Contents

3.  A Three Page Typed Summary of how the business will operate. In the summary you should identify the following.

  1. Why you decided to start this Business
  2. What are the Business’s Factors of Production?
  3. How will you make a Profit?
  4. How much money will you need to borrow to start your business?
  5. How much money do you plan on bringing in each month? Explain how you calculated this prediction. How many customers do you expect to have each month?
  6. When will you make a profit? Explain your calculation.
  7. How will you market and promote your business? How much do you plan on spending to market your business? What forms of media will you use. Explain your marketing concept

The Summary should follow this format

I. Introduction

II. Explain how you will organize your business.

III. Explain your costs, revenue, profit predictions.

IV. Explain how you will effectively market your business.

V. Conclusion

4.  A Table Identifying your Start-up and Monthly Costs

5.  A Graph of your Revenue Curve and Your Cost Curve

6.  Your Marketing Concept that includes a slogan, unique symbol, and the form of media that you will use.

7.  Electronic Promotion

Create a Power Point Presentation that will do one of the following:

1.  Design a presentation that would make people want to invest in your business. Explain what it is, how it will operate and why it will succeed.

2. Design a presentation for a News Conference that announces the opening of your business. Explain what goods and services you will be providing.

One Presentation per group. Each presentation must include at least 5 slides and two pictures. Create different types of transitions using custom animation.

Extra Credit: Develop a one-minute Commercial on Video

Project Due:

STUDENT NAMES:

GRADE:

COVER PAGE (10PTS)
3 PAGE SUMMARY
(90 PTS)
COST TABLE (20 PTS)
TOTAL COST &
TOTAL REVENUE GRAPH (20 PTS)
MARKETING PLAN
(20 PTS)
POWER POINT PRESENTATION (20PTS )
GRAMMAR & SPELLING (20 PTS)
EXTRA-CREDIT VIDEO (20PTS)
Total (220 PTS Possible)