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March 24, 2010

Setting up a business

Following the Dragons' Den program, today in class we will talk about "Setting up a business" in groups of 4. You will have to:

• Decide what kind of business you want to set up: manufacturing a product, or offering a service such as in education, tourism, beauty
• Set out your goals
• Put together a comprehensive business plan
• Define your market
• Work out how to get financial backing
• Write down the questions to ask your potential financial backer
• Decide how much to charge for your product or service
• Design your name and logo

Finally, we will plan a short joint presentation to give an overview of your business plan, working out who will say what.
We will be voting for the best idea, as well as for the best presentation.

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