This simple guide walks young business owners through the steps of writing a business plan and projection goals for their product or service. Children can consider expenses, marketing, and other factors.
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Sample text from Youth Business Plan Guide:
A business plan is like a roadmap for your business. Writing down your ideas and goals can help you get organized. Some students even show their business plans to potential investors. A business plan demonstrates that you are serious about providing a service, selling a product, or making money.
Explain how you picture your business starting out, and how you hope it grows in the future. How many customers do you aim to serve?
My Mission Statement
A mission statement is where you explain the service you provide or the problem your product solves. Is your goal to make a lot of money? Is your goal helping people? Is it both?
When will you launch your business? What supplies and materials must you purchase, and where will you get the money? When will you begin to market (promote) your business? If you have a product, how will you get it to your customers? Are there any licenses or permits required? How much time do you expect to spend on your business? Will you need to get help from others?
Think about marketing—spreading the word about what you sell or the service you provide. Will you promote your business on social media? Ask your friends to share the news? Buy advertising space? Approach news reporters to ask for coverage? Once your business is launched, what will you need to do to keep it running?
Figure out how much money you will need to get your business running and to keep it going. Do you have savings to invest? Will a family member or someone else lend you funds, and if so how and when will you pay it back, at what interest rate? As you plan, try to include at least a basic one-year projection of costs and profits.
DISCLAIMER: The business plans, templates, and articles contained on BusinessPlanTemplate.net are not to be considered as legal advice. All content is for informational purposes, and Savetz Publishing makes no claim as to accuracy, legality or suitability. The site owner shall not be held liable for any errors, omissions or for damages of any kind.
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This template is easy to download and print. Each free business plan template is available in Microsoft Word (DOC) format, and many of the Business Plan Forms are available in Excel (XLS) format as well. Just choose a business plan template and download it. Open it in Word or Excel (or another program that can display the DOC or XLS format), edit it, and print your personalized business plan.