Week 7

So it has come to the 7th week of APK lesson. This week we learned about the Business Plan. 

Business Plan is a written document which includes the analysis, forecast, expectations outcomes, and implementation of a business strategy. 

Business plan is useful because: 

- opportunity for others to evaluate your business

- able to display the viability of project planned

- it assist people to know the requirements to a business -> effective resource distribution

- provides realization of the future problems while running the project 

A Business plan Format:

1. Title 

2. Table of contents

3. Executive summary

- what to do? and expectation

4. Structure, including: 

 a) Introduction

 b) Purpose

 c) Background

 d) Ownership

 e) Marketing methods/ strategy

 f) Finance

 g) Conclusion

5. Appendices

Inspirational quote of the day:

" I make my own living & own opportunity ! Don't sit down & wait opportunity. Get up & make them !"   

                          

         -Madam C.J.Walker, the 1st black female millionaire. 

HON CHIEW EE

KET 120009