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Banks and other lending agencies often ask for a business plan to determine whether your business idea has promise. But many entrepreneurs never write out their plans, for a number of reasons, mostly which they are too busy or don't really know how. <p/> For entrepreneurship educators, the business plan is the technology of preparation for students to run a business. It forces the writer to make choices and decisions, and to look at the outcomes of various approaches to running the business. A business plan will be quite different for a person expecting to borrow money from the bank versus a grade school student creating a plan for a money-making project. And there are many levels in between. But in spite of the difference in sophistication, many of the same questions must be answered.<p/> The activity supports the Entrepreneurship Content Standards/Performance Indicators as follows: <p>• F.09 Explain the concept of productivity,</p> <p>• F.10 Describe cost/benefit analysis, </p> <p>• L.34 Explain factors affecting pricing decisions, </p> <p>• L.37 Set prices</p><p/> <b><p>This resource is part of the <a href="http://www.curriki.org/xwiki/bin/view/Coll_Entrepreneurship1/EntrepreneurshipLearningActivities">Entrepreneurship Learning Activities</a> collection. </p></b></p>
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