Economics business plan project high school

Parking Interior and exterior remodeling and preparation Daily Operations. What do customers expect to pay for my products and services? It is simple, really. For starters, regularly search for news on your industry, your products, your services, and your target market.

Determine how you can best reach potential customers.

Business plan lesson for high school

Does your market area have sufficient spending power to purchase enough of your products and services to enable you to make a profit? How much money do you need to have saved up prior to starting a business? What benefits do you deliver? You might be wondering how a person could start their own company. Online retailers will also provide competition, but thoroughly analyzing those companies will be less valuable unless you also decide you want to sell office supplies online. While these questions may seem like a lot of work to answer, in reality the process should be fairly easy. After you complete your research you may feel a little overwhelmed.

Consider how you will market your product. Its specifications include: add information In peripherals, accessories and other hardware, we carry a complete line of necessary items from cables to forms to mousepads to For networking, we need to provide better knowledge of cross-platform technologies.

So let's dig deeper and quantify your market. They are a great way for startups to get money to get your plan off the ground.

High school business plan assignment

Marketing and promotions must result in customers--your goal is to thoroughly describe how you will acquire and keep your customers. Also mention why someone would pay for what you are offering. Defining the high-end home office is even more difficult. We say that our target market has 10 to 50 employees, and requires five to 20 connect workstations in a local area network, however, the definition is flexible. In addition, we anticipate greater than industry-norm growth rates for cycling in the area due to the increase in popularity of cycling events like the Alpine Loop Gran Fondo. The standard of projects submitted has always been high, reflecting the students' interest and enjoyment in this piece of work. Will you be the low cost provider or provide value-added services at higher prices? Ultimately, we are selling information technology. Search the Internet for news, public relations, and other mentions of your competition. How will your company be different from the competition? The key is to show you understand your market and you understand how you will reach your market. What segment of your market will you focus on? Are they considered to be a commodity or to be custom and individualized? If so, how will you accomplish this task?

Given that team members may have contributed to differing extents in developing a business proposal, project group leaders are asked to complete a form regarding the work of each student. In tossing ideas around, they realized there isn't a calf-warming box on the market that ranchers can use in the field.

high school business plan assignment

Understanding the strengths and weaknesses of your competition--or potential competition--is critical to making sure your business survives and grows. But there are other ways to predict when competition may follow you into a market.

Starting a business worksheet for high school

Evaluate your competition. Our focus group sessions indicated that our target home office buyers think about the price but would buy based on quality service if the offering were properly presented. Market Analysis. How will you price your products and services? While you don't need to hire a private detective, you do need to thoroughly assess your competition on a regular basis even if you only plan to run a small business. It could just become a real company one day. Focus on target markets. Western VA and eastern WV have experienced population growth rates nearly double that of the country as a whole. While most of the information you find will be anecdotal and based on the opinion of just a few people, you may at least get a sense of how some consumers perceive your competition. The high-end home office business is a business, not a hobby. This ensures that marks can be deducted if students are identified as 'free-riding'. Duh, right? For example, if you plan to open an office supply store you may have three competing stores in your market.

Only you can determine that.

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