My business class by Dr. Logan has been honestly pretty hard so far with only 4 weeks left. This project lasted over 10 weeks, but was splitted up into 4 segments. Before this project we read a few chapters from the course book on Entrepreneurship and small business management. The chapter was on creating a business plan. During the first segment we created the Title page, company name & address, mission / vision, company background and References page. The second portion required us to create a Marketing plan, Competitor analysis, SWOT analysis, capital requirements and financial plan. During the third part of the business plan we had to create the Final completed plan, including a Conclusion. The final portion that is in a few weeks is the power point presentation consisting of at least a fifth of my grade.
The main 21st century skill that shows is the Information skill. This skill means that students work well on gathering and processing information and using writing skills in the correct format. To create a well written business plan, we had to understand topics in chapters, like SWOT analysis and an executive summary. We also had to gather information on pricing and tons of research on target markets and develop that threw creativity into a plan.
From this assignment, I am most proud of the first portion, mainly the mission statement and also the SWOT analysis. I spent a lot of time on the SWOT analysis and analyzing all contributing to my business. I found data that I haven't researched before like competitors' financial yearly analysis, so the 21st century skill was definitely developed upon. I also had to type in a formal professional literacy that showed courage and convincing. The most challenging part in this task was meeting page requirements, in the end I was a few pages off and realized the business I created did not offer enough possible development.
In the past, I took a business and law course and it explained very ethical portions for the business environment. I am sure this impacted my writing in making sure the workforce of my business worked ethically and my mission statement correlated that. In the future I plan to open a business and with this prior knowledge if my business would need a loan, this project will have definitely developed a strong basic understanding.
The main 21st century skill that shows is the Information skill. This skill means that students work well on gathering and processing information and using writing skills in the correct format. To create a well written business plan, we had to understand topics in chapters, like SWOT analysis and an executive summary. We also had to gather information on pricing and tons of research on target markets and develop that threw creativity into a plan.
From this assignment, I am most proud of the first portion, mainly the mission statement and also the SWOT analysis. I spent a lot of time on the SWOT analysis and analyzing all contributing to my business. I found data that I haven't researched before like competitors' financial yearly analysis, so the 21st century skill was definitely developed upon. I also had to type in a formal professional literacy that showed courage and convincing. The most challenging part in this task was meeting page requirements, in the end I was a few pages off and realized the business I created did not offer enough possible development.
In the past, I took a business and law course and it explained very ethical portions for the business environment. I am sure this impacted my writing in making sure the workforce of my business worked ethically and my mission statement correlated that. In the future I plan to open a business and with this prior knowledge if my business would need a loan, this project will have definitely developed a strong basic understanding.