chapter 2 business proposal critical thinking

1. BP Proposal: Your Start- Up Business

For this class, you will be ‘starting’ a business of your choosing, so you must decide what business you are interested in and submit a proposal with a brief description for approval.
The constraints in selecting your business include:

constraints in selecting your business include:

  • Your business must NOT be a seasonal business.
  • You cannot use a franchise.
  • Your business cannot be an ‘Online business.
  • Your business must be a for-profit business.
  • You must have face to face interaction with your customer.

Be sure to select a business that you are interested in, as you will be doing research all semester on this particular industry.

Submit your proposal as a short memo (business format) describing what your business will be, where you will be located and any additional details such as; will it be a home based business or storefront?   

  • Read this Business Plan Criteria document which includes business plan and presentation information.
  • This is the link to the SCORE Business plan templateActionsused as a resource in creating your plan.  (SCORE: Service Corp of Retired Executives- all volunteer, free and confidential business counseling for anyone interested in business!)  Use the website: (Links to an external site.) Use to reference/link out from for your business plan template and other finical statement templates. 

Your business MUST be approved by me.  


2. Complete Key Concept Questions in back of text chapter:

  • 2-6: Explain why a prospective business founder might want to create a feasibility study or Business Model Canvas before developing a complete business plan.
  • 2-7: How can spending time researching and writing a business plan save an entrepreneur time and money in the short and long term?
  • 2-9: Explain why the executive summary is the most important section of any business plan.