U. S. Department of State Regional English Language Office Career English Online MODULE 8 BUSINESS PLAN
Business Plan 1) 2) 3) 4) Focus on business vocabulary. Discussion of statements. Writing a business plan. Why is business plan important?
Business vocabulary Match the words (1 -8) with their definitions (a-h) 1) Competitor 2) Customer 3) Profit 4) Loss 5) Taxes 6) Wages 7) Staff 8)Community a) b) c) d) a person that buys goods or services; the state of no longer having something; money that you have to pay to the government a company that sells the same goods or services e) money that you make by selling something f) the people who live in an area g) an amount of money that you earn for working h) the people who work for a particular company
BUSINESS VOCABULARY Match the people in the box with their roles. customer partner entrepreneur retailer manufacturer supplier wholesaler 1. sells directly to the public 2. makes goods 3. starts new businesses 4. is one of the owners of a business 5. buys large quantities of goods from producers and sells them to shops and businesses 6. buys directly from a shop or a company 7. provides goods/parts to shops and businesses
To succeed in business you should / should not: 1) Value your staff. 2) Focus on making a big profit. 3) Pay employees low wages. 4) Charge high prices. 5) Never break the law. 6) Avoid paying taxes to the government. 7) Believe the customer is always right. 8) Invest in the local community. 9) Put your competitors out of business. 10) Be prepared to make a loss for at least the first year.
Writing a business plan What to include?
Writing a business plan What to include? 1) 2) 3) 4) 5) 6) Business description Market analysis Product or service Market strategy Management plan Financial information
Writing a business plan Match the part of business plan with its description 1) Business description 2) Market analysis 3) Product or service 4) Market strategy 5) Management plan 6) Financial information
Writing a business plan Match the part of business plan with its description 1) Business description 2) Market analysis 3) Product or service 4) Market strategy 5) Management plan 6) Financial information
Writing a business plan Match the part of business plan with its description
Writing a business plan Match the part of business plan with its description 1) Business description 2) Market analysis 3) Product or service 4) Market strategy 5) Management plan 6) Financial information
Writing a business plan Match the part of business plan with its description 1) Business description 2) Market analysis 3) Product or service 4) Market strategy 5) Management plan 6) Financial information
Writing a business plan Match the part of business plan with its description 1) Business description 2) Market analysis 3) Product or service 4) Market strategy 5) Management plan 6) Financial information
Why is a business plan important?