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Topic: Business plan 

Business Education

 Standard 19.  Understands the characteristics and components of a business plan
  Level IV (Grade 9-12)
   Benchmark 1.Knows that developing a business plan is a complex undertaking that involves information related to almost all areas of business
    Knowledge/skill statements
     1.Knows that developing a business plan is a complex undertaking
     2.Knows that developing a business plan involves information related to almost all areas of business
   Benchmark 2.Understands that although the risks of failure in starting a new business are relatively high, the development of a business plan is one factor reducing the chance of small business failure
    Knowledge/skill statements
     1.Understands that the risk of failure in starting a new business is relatively high
     2.Understands that development of a business plan is one factor reducing the chance of small business failure
   Benchmark 3.Knows questions that a business plan helps answer (e.g., what the goals of the business are, how the goals will be accomplished, the reasons for choosing a particular business idea, when the business will show a profit, the location of the business)
    Knowledge/skill statements
     1.Knows questions that a business plan helps answer
     2.Knows that a business plan tells what the goals of the business are
     3.Knows that a business plan tells how the goals for a business will be accomplished
     4.Knows that a business plan tells the reason for choosing a particular business idea
     5.Knows that a business plan tells when the business will show a profit
     6.Knows that a business plan tells the location of the business
   Benchmark 4.Knows what information needs to be included in each of the sections of a business plan (e.g., the marketing plan should contain a marketing analysis and strategy; the management and organization plan should address what the management functions are and who will fill them)
    Knowledge/skill statements
     1.Knows what information needs to be included in each section of a business plan
     2.Knows the marketing plan should contain a marketing analysis
     3.Knows the marketing plan should contain a marketing strategy
     4.Knows the management plan should address what the management functions are
     5.Knows the management plan should address who will fill the management functions
     6.Knows the organization plan should address what the management function are
     7.Knows the organization plan should address who will fill the management functions
   Benchmark 5.Knows sources of assistance for developing a business plan
    Knowledge/skill statements
     1.Knows there are sources to help with the development of a business plan